Larry Adam, CFA, CIMA, CFP, Chief Investment Officer, PCG
Why have the markets been so volatile lately? Chief Investment Officer Larry Adam shares his thoughts about the recent market activity.
December 10, 2018
Times of market volatility often bring feelings of apprehension and uncertainty which makes it all the more important to take stock of the underlying market data. The below piece from our Chief Investment Officer Larry Adam does just that.
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With open enrollment season upon us, ask yourself a few questions to make sure you’re getting the most from Medicare.
October 4, 2018
Medicare’s open enrollment season is upon us. That means between October 15 and December 7, you are able to make changes to your Medicare Advantage and prescription drug coverage.
During this time, you can change from Original Medicare to a Medicare Advantage plan or vice-versa or switch from one Medicare Advantage Plan to another Medicare Advantage Plan. You can also join a Medicare advantage or Medicare prescription drug plan for the first time or drop your drug coverage completely.
Even if you’re satisfied with your current plan, open enrollment presents a great opportunity to make sure you’re getting the most out of Medicare. Every year you should compare your current plan to other plans in your area in case another plan offers better health and/or drug coverage at more affordable prices.
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Learn more about how savings contributions affect your student’s financial aid eligibility.
September 5, 2018
As you save for a child’s or grandchild’s future education, you might wonder what impact that saving will have on their chances of qualifying for financial aid. There are several types of financial aid (federal, state and institutional), but federal aid is the most widely dispersed and is based solely on financial need.
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Last week the JSF office went to Jackson Hole Mountain Resort (JHMR) for a team building activity. Our goal – the Via Ferrata! For those who do not know, Via Ferrata was installed at JHMR and translates to “iron way”. Fun fact, this type of climbing apparatus dates back to WWI and was used to help armies traverse mountains. It is a fixed cable on the mountain climber’s use as an aid and we highly recommend giving it a try.
JSF’s primary purpose is managing risk for our clients. Therefore, what better way to build our bond as a team then to rely on each other to assist in managing the Via Ferrata. The initial climb was intimidating, but with encouragement and team work we all climbed to the summit and traversed the suspension bridge over Casper Bowl. Great work team!
These versatile savings accounts might be the estate planning vehicle you need to learn about.
August 29, 2018
Sure, most of us associate 529 accounts as college-saving vehicles. They’re flexible, allowing you to transfer assets to anyone, including yourself, for the express purpose of furthering the education of your beneficiary. But did you know that a 529 can be a powerful estate planning tool, too?
Early on in my career one of my mentors pressed upon me the importance of giving back. That advice has continued to pay dividends throughout my 24+ year financial career. The joy and fulfillment received in helping others remains one of my fundamental drivers. Furthermore, this giving back mentality is also shared with our partner – Raymond James Financial. Each year Raymond James dedicates the month of August to giving back and challenges all of its employees and partners to participate. Challenge accepted!
This month the JSF team volunteered at Teton Literacy Center. Hopefully you already know about this wonderful organization providing after school enrichment clubs, summer camps, tutoring, and family literacy programming – all at zero cost to their clients. I have listed their website below if you want to find out more about how they continue to make Jackson Hole a better place.
Last Thursday afternoon our office purchased the entire back to school supply list for all of TLC’s summer camp students. We set up a store of the supplies and then passed them out to the excited students. Seeing the children’s enthusiasm for learning was by far my favorite take away. Organizing events like this take a great deal of work and I would like to personally thank Laura Soltau – Executive Director, Kristin Livingstone – Associate Director, and the entire Teton Literacy Staff for helping make the afternoon possible.
Raymond James is not affiliated with Teton Literacy Center, Laura Soltau or Kristin Livingston.
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As the number of cyber breaches increases, efforts to safeguard your business should increase, too.
August 1, 2018
A recent report on data breaches says that 58% of malware attack victims are categorized as small businesses. And the attacks are increasing: 61% of small businesses have experienced a cyber breach in the past 12 months – up from 55% in 2016.
With this kind of data, it’s no wonder that the MAIN STREET (Making Available Information Now to Strengthen Trust and Resilience and Enhance Enterprise Technology) Cybersecurity Act of 2017 has been proposed. Once law, it will require the National Institute of Standards and Technology (NIST) to provide cybersecurity resources specifically geared for small businesses.
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In researching 10th anniversary gifts I came across an article that explained the traditional anniversary gift is tin, or aluminum… That just didn’t seem to fit so I read a bit further and saw that the modern day gift is diamonds. That struck a chord with me, being that I feel like – on the 10th anniversary of J SINGLETON FINANCIAL – I am surrounded by a group of diamonds. Colleagues and clients alike.
This past week JSF celebrated 10 years with a company gathering in my back yard. It seems like yesterday that I packed everything up at the Jackson State Bank and walked across the street to open my own practice. I feel blessed not only by a great staff but also by all of the wonderful clients that I have had the pleasure of working with – some for over 20 years! On this anniversary I say thank you to everyone who has helped make J SINGLETON FINANCIAL the practice it is today. Thank you for putting your trust with us, and I look forward to seeing what the next 10 years hold.
For the first time since 1982, Social Security is dipping into its trust fund to pay benefits. What does this mean for future recipients?
June 11, 2018
The board of trustees for Social Security recently issued their 2018 annual report. Once again, this year’s report provided a dark reminder that the fiscal health of the program has further deteriorated. Like last year’s report, Social Security’s trustees said the program’s trust fund would be depleted in 2034. However, unlike last year, for the first time since 1982, Social Security has to dip into the fund to meet its obligations. Treasury Secretary Steven Mnuchin said in a statement that “lackluster economic growth in previous years” and an aging population have contributed to the shortage.
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This last month Hadyn and I attended Raymond James’ national conference in Washington D.C. Time was spent visiting historic sites (The White House & Mount Vernon), professional development, and meeting with some of the best and brightest the financial industry has to offer. A few highlighted speakers that we heard from were Andy Friedman, commonly referred to as “one of the nation’s most sought-after speakers on all things political”, Robert Gates, former US Secretary of Defense, and Adam Alter, who spoke about our society’s current addiction to screens.
We also attended two intimate dinners – one with Jeff Saut, Raymond James’ Chief Investment strategist, and one with James Camp Co-portfolio manager of Eagle Strategic Income. Both dinners were very productive.
The conversation at dinner with James Camp centered on the discipline that it takes to stick to an investment strategy when it is out of favor with what is currently popular. In a day and age where everyone seems to have the secret to the next investment home run it was good to hear some level headed thoughts about keeping it simple and investing in high quality – so called “boring” investments.
Our night out with Jeff Saut was a real treat. We went to dinner a top the W Hotel adjacent the White House. Being able to discuss the markets one on one with Jeff was amazing. He reiterated why he thinks the markets are headed higher and we are in a secular bull market – “The economy is stronger than a garlic milkshake!”.
All in all it was a very productive trip. Every now and then it is good to step away from day to day obligations and spend time focusing on how we can better serve our clients. We cannot wait to take the insights we learned and improve our deliverables to our clients.
Any opinions are those of Judy Singleton and not necessarily of Raymond James.
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This past weekend J SINGLETON FINANCIAL sponsored the 6th annual Touch-A-Truck. This event is put together by the wonderful staff and volunteers of the Jackson Hole Children’s Museum. The event allows children of all ages to explore vehicles of all sorts in a safe supervised environment. Our kids and grandkids – as you can tell – had a fabulous time!
Mother’s Day is a time to take a moment and show appreciation to some of the most important people in the world – our Moms. We celebrated a few wonderful mothers by hosting a brunch at The Club at 3 Creek on Mother’s Day this year. Thank you to all of the other mothers out there doing the million things that assure that this world is filled with love. – Judy
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It’s that time of year again. Tax Season! We know that it can be a stressful time for clients and their CPA’s – so we put together these “tax” baskets to help our local CPA partners get to the finish line.
April 17th is the deadline this year and it is right around the corner. If you have not received your Raymond James tax forms please give us a call and we will get them to you ASAP.
Thank you to our office manager Angela Cook for spearheading this much appreciated project. The baskets look great!
It may seem like common sense, but going back over the information you enter may be the most important part of your tax filing duties.
March 6, 2018
It’s tax time. And as you work with your advisor or tax preparer to maximize your refund, or at least minimize what you owe, keep in mind that one of the most important things taxpayers can do to limit errors is to double-check the information they input into software or a printed form.
It may seem like common sense, but going back over the information you enter may be the most important part of your tax filing duties. As you know, it’s very easy to put a figure on the wrong line – in fact, one of the most common errors is not putting in the right Social Security numbers for you, your spouse and your dependents. An error like that can cause a significant delay in the processing of your return or, even worse, could trigger an audit.
So do make an effort to recheck what you’ve entered before moving to the next line or screen. While you’re going back over your return for wrong entries and typos, take the time to look up numbers such as cost basis for investments sold and real estate tax paid, rather than estimating. And double-check your math, too, because simple miscalculations can commonly lead to errors as well.
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The road to and through retirement is dotted with time-sensitive financial planning milestones.
January 23, 2018
Not all birthdays are about a driver’s license, getting to vote or toasting with a glass of wine. Some are important to your comfort in retirement, too. No matter who you are, the years leading up to and during retirement contain a number of key financial planning opportunities worth capitalizing on. You and your spouse may hit these dates at different times, so be sure to coordinate before making any decisions.
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Ed Mills, Washington Policy Analyst, breaks down the major components of the new tax legislation.
January 11, 2018
The tax bill lowering the corporate tax rate and making a number of adjustments to the individual tax code was signed into law on December 22, 2017. The final tax bill sets a corporate tax rate of 21% starting January 1, 2018, and makes a number of changes to individual tax rates (including lowering the top individual to 37%). Key changes on the individual side include doubling the standard deduction ($12,000 for individuals and $24,000 for joint filers) but the bill reduces and/or removes many existing deductions. On the corporate side of the bill, businesses will have the benefit of 100% depreciation of qualified capital expenditures for the next five years, repeal of the corporate AMT, and a shift towards a territorial tax system (from a worldwide tax system). The bill also repeals the individual mandate of the Affordable Care Act (ACA). In this report, we review the changes to the corporate and individual tax code and cover next steps on tax legislation in 2018.
Ed Mills, Washington Policy Analyst, breaks down the major components of the newly approved tax legislation.
December 20, 2017
The tax reform bill lowering the corporate tax rate and making a number of adjustments to the individual tax code has been approved by Congress and is set to become law. The final tax bill sets a corporate tax rate of 21% starting in 2018, a top individual rate of 37%, the repeal of the corporate AMT, a $1 million phase-out threshold inclusion for the individual AMT, a $750,000 mortgage interest deduction cap through 2025, a 20% deduction on pass-through income, an increase in the estate tax exemption (but not repeal), a $10,000 deduction for state, local, sales or property tax (SALT), 100% deduction of cap-ex for five years, maintaining the deductibility of interest from private activity bonds, and a repeal of the individual mandate of the Affordable Care Act (ACA). In this report, we review the effects of the final provisions and cover next steps for Congress as we head into 2018.
Congress has cut back some of the loopholes married couples once used to enhance their lifetime household Social Security benefits, restricting it to a dwindling pool of near-retirees. But that doesn’t mean claiming your Social Security benefits is a no-brainer.
By understanding how Social Security benefits and spousal benefits are calculated, you can make an informed decision when retirement comes. The Social Security Administration itself says there’s no “best age” to file, just the age that fits your retirement goals.
A few things to consider, and some links to Social Security’s helpful website:
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Raymond James, Point of View. Defend yourself with simple, everyday practices that can help protect your identity, your accounts and your devices.
October 3, 2017
Americans lose tens of billions of dollars each year to financial fraud. In the digital frontier, many crimes – including identity theft, tax fraud and elder abuse – are committed by online outlaws, making cybersecurity all the more important. As cybercrime becomes more prevalent, learn how to defend yourself with simple, everyday practices that can help protect your identity, your accounts and your devices.
Margarette Burnette is a staff writer at NerdWallet, a personal finance website, provides insight on how toprotect your identity when you travel.
Oct 2, 2017 10:40 a.m. ET
If you’re traveling far from home, you probably want to do all you can to make sure your wallet or purse doesn’t end up in the wrong hands. But according to a recent Experian ProtectMyID survey, 30% of travelers have experienced identity theft while away from home or know someone who has.
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Pavel Molchanov, Senior Vice President and Energy Analyst, comments on the United States’ announced withdrawal from the climate change agreement.
June 2, 2017
President Trump yesterday announced – confirming press leaks from earlier in the week – that the U.S. will withdraw from the Paris Agreement on climate change, which was signed in December 2015 and took effect in November 2016. What does the decision to exit mean in economic practice, separate from the PR and diplomatic consequences? Here is the short answer: It means virtually nothing.Press coverage of this issue has (incorrectly) portrayed the president’s decision as an impactful and even pivotal policy step. But it is purely a matter of political symbolism, with no substantive read-through in terms of how energy is produced or consumed in the U.S. market. In particular, we would underscore that the trend visible across the U.S. power sector (coal losing share, natural gas and wind/solar gaining) will not be affected in any sense by the Paris withdrawal.
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Read the weekly investment strategy commentary from Chief Investment Strategist Jeff Saut.
June 5, 2017
“Never say never. Never say always. Always reevaluate. And never give up.”
. . . An old Wall Street wag
Upon entering this business in 1971 my father gave me this advice:
“Son, if you think the stock market is going up be bullish. If you think it is going down be bearish, but for gosh sakes take a stand! There are far too many folks in this business that talk out of both sides of their mouths such that no matter what the stock market does they can say, ‘See, I told you that was going to happen.’”
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Smart strategies can help high-income earners reduce their Medicare taxes and overall tax bill.
February 23, 2017
We’ve had a few years now to get familiar with the Medicare payroll tax and surtax that went into effect at the beginning of 2013. If you need a reminder, taxpayer with modified adjusted gross income (MAGI) of $200,000 for individuals or $250,000 for couples filing jointly face a 3.8% surtax on net investment income or the amount of MAGI that exceeds the thresholds prescribed for high-income taxpayers. The second 0.9% Medicare payroll tax applies to wages and self-employment income over the same MAGI thresholds. And while we may have gotten more used to the higher tax, that doesn’t mean we shouldn’t look to smart planning to avoid overpaying. Talk to your financial advisor, alongside your accountant or tax advisor, to identify and implement the strategies that are most advantageous for your situation. Here are some options to consider.
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At J Singleton Financial, located in Jackson, Wyoming, our team provides our clients the information they may need to choose the most suitable investment products and services for their specific financial needs, including asset management, retirement plans, trust services, managed accounts, 401(k) plans, life insurance and more.
J Singleton Financial
170 E Broadway Suite 100D
P.O. Box 508
Jackson, WY 83001