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Not sure where to start? Read more about Twelve Points’ Suite of Services.
Not sure where to start? Read more about Twelve Points’ Suite of Services.
Financial support for individuals is available in a one-time check or direct deposit, which will be sent from the US Treasury. The full credit amount is $1,200 for individuals, $2,400 for couples and $500 for children under age 17.
Paid sick leave and family leave is available to employees of small and mid-sized companies under 500 employees from 4/2/2020 to 12/31/2020. Under this plan, the company pays its employees and is reimbursed by the government in the form of a payroll tax credit.
Early withdrawals, prior to age 59 ½, are permitted this year without the customary 10% penalty. Loans from certain retirement accounts are available for up to $100,000 or 100% of the vested interest in an account.
he Coronavirus Pandemic has impacted so many areas of our lives, but there is one bright spot. The Required Minimum Distribution (RMD) Rules for IRAs and other Qualified Plans have been modified for 2020.
The end of the year is a great time to ensure that you are using the right tools and techniques to maximizing your annual gifting program to family and philanthropy. This month, we discuss the spectrum of gifting strategies, such as traditional or outright cash gifts, dealing with more complex assets, and gifting for families with young children. We also review the impact of charitable gifting on income taxes.
A recent CNBC article reveals just how concerned couples are about their student loan debt. The article 1 in 8 Divorces Is Caused by Student Loans is stunning and points out how these debts need to be talked about more seriously and more often.
This month, we look at the legal documents to keep you and your family safe and sound. We’ll dive into estate planning topics such as living trusts, wills, the variations on power of attorney (durable, nondurable, special, limited, springing, and medical), advanced medical directives, and protection plans for children.
This month we look into how to organize your finance records and cash flows, as well recovering important documents and unclaimed accounts. We dive into essential records: What are they, how long should they be kept, and where?
Throughout college, every student has a different level of financial independence. Whether you are supported by family, a part-time job, student loans, or any combination of the three, after graduation and becoming a young professional, the safety net tends to disappear.
The wealth management industry has become plagued by cookie cutter portfolios with a standard mix of 60% stocks and 40% bonds; the goal being to perform no better or worse than the guy next to you.
Buying and selling real estate is one of the most confusing and multi-pronged undertakings you’ll ever be involved with. Twelve Points breaks down the process for you with easy-to-understand discussions, including topics of credit scores, affordability,
Home ownership can seem like a daunting task, and trying to figure out where to start can be overwhelming. In this post, we will talk about how to set yourself up for success on your search for a new home.
Since the passing of the Tax Cuts & Jobs Act, there have been a number of comprehensive articles summarizing the year over year changes. While these pieces are informative, they often lack clear calls to action – specific planning tips that should be considered under the new
Learn strategies to minimize your contribution to the government as we explore the topics of paycheck savings, FSAs vs. HSAs, job changes, charitable donations, child-care reimbursement, avoiding the marriage tax in a given year, and renting vacation homes vs. owning them.
When you hear about the Federal Reserve it may be hard to imagine that their actions have a direct affect on you. The truth of the matter is that their policies, including those related to interest rates, are felt all the way down to the consumer level, for better or for worse.
Filing taxes can be an intimidating process and in the stress of it all, sometimes we can forget to do the obvious or skip over the basics, making it even harder on ourselves. If you file your own taxes the following three simple tips can save you time, headaches and even money in the long run.
Hope for the best, but prepare for the worst. This webinar focuses on the differences between term and permanent insurance, the factors that affect the cost of insurance policies, the ins and outs of disability insurance, and the tax advantages of having insurance.
Most people pride themselves on being the breadwinner for their family. They achieve great satisfaction from working hard to meet the financial needs of their spouse and children. These days, in many cases, both spouses share the responsibility of earning to support their kids.
Over my nearly twenty years in the financial services business I have seen countless instances where a failure to review and monitor life insurance policies has led to a rude awakening for a person or, worse yet, their family. Sadly, many individuals operate under the mistaken belief
While financial planning and investing services are the most prominent aspects of wealth management it’s important to note the smaller steps on the path to financial success. It is essential clients have their personal documents in order before financial planning occurs.
Financial document storage and organization can be overwhelming, especially when considering the choice between physical or cloud storage. We refrain from throwing anything away because we never really know when we might need to reference a certain document, and getting a new copy is often a time consuming inconvenience.
Few assets can bring a family together like a second home. Whether it is beachfront property on Cape Cod or a house on Lake Winnipesaukee, the second home is a source of tremendous joy for many families. Imagine all of the time spent at the beach, skiing or simply sitting
Good relationships are built on trust and communication. While this rings true for how you interact with your significant other, it also applies to your relationship with your financial advisor. The recent volatility in the market put relationships between advisors and their clients to the test
The current economic environment has caused many people to reconsider their personal finances and drastically change their spending and savings habits. Out of this economic malaise may come an opportunity to finally instill good habits in your teens that can carry them
Twelve Points recently celebrated National Estate Planning Week (October 19-25) by sharing five tips on social media. Many people assume that estate planning only applies to the very wealthy, but that is actually not the case.
Going to the dentist for a yearly checkup increases the chance of having healthy, strong teeth and gums. Equally important, poor dental health has been increasingly linked to a number of diseases, such as diabetes and heart disease
An estate takes lifetimes to build but can be lost in the blink of an eye. Most of us don’t imagine assets that took decades to accumulate being drained in a few short years, but all too often this is exactly what happens
