Dear Towerpoint,

Capital gains tax - nobody likes paying it.

However, with the passage of the Tax Cuts and Jobs Act (TCJA) of 2017, there is now a very tangible opportunity to deferreduce, and to some degree, eliminate having to pay federal capital gains tax on the sale of an asset that has grown in value. How? By investing in an investment vehicle known as a Qualified Opportunity Zone Fund.

Twelve percent (8,762, to be exact) of U.S. census tracts have been designated as Qualified Opportunity Zones (QOZs) by the Department of the Treasury, and there are a plethora of QOZ funds that have been created to invest in them. 

Not surprisingly, there are a host of economic considerations and risks that investors need to be acutely aware of when evaluating an investment in a QOZ fund. However, if you are holding a stock, bond, mutual fund, or piece of real estate primarily because you are looking to avoid paying the capital gains taxes associated with selling it, we believe exploring QOZs, and the funds that invest in them, would be a worthwhile investment of time for you.

At Towerpoint Wealth, we recognize the potential financial benefits, and understand the recent attention and momentum that QOZs have garnered over the past year, and have helped a number of qualified clients and prospective clients (in conjunction with their tax advisors) more closely evaluate the merits of Qualified Opportunity Zone investing. To further highlight and share our expertise in this burgeoning area, we just last week published a new white paper (Opportunity Knocks, found below) that discusses this tremendous opportunity. We encourage you to call or email us to discuss in greater detail how QOZ investing may complement your current financial and investment plan and strategy.

TPW Hosts Ice Cream Social at Shriner's Hospital

The Towerpoint Wealth family had a great time last week setting up an ice cream social for patients at the local Shriners Hospital for Children - Northern California. It was great putting a smile on the kids' faces with some fresh vanilla, chocolate, and strawberry ice cream from the best ice cream joint in Sacramento, Gunther's Ice Cream!

In addition to sharing ice cream and investment opportunities, we thought we we'd share a number of trending and notable events that have occurred over the past two weeks:

Lastly, please take three or four minutes to review the curated content found below, highlighted by:

  • Opportunity Knocks, our newly-published white paper on Qualified Opportunity Zones 
  • A snippet highlighting the ESG / socially responsible investing workshop we hosted last Wednesday at the John Natsoulas Gallery in Davis
  • Charity Miles - a great app to help raise money for charities while you walk, bike, or run!

As always, we encourage you to reach out to us ( with any questions, concerns, or needs you may have. The world continues to be an extremely complicated place, we are here for you, and look forward to connecting with, helping, and being a direct, fully independent, and objective expert financial resource for you.

- Joseph, Jonathan, and the entire Towerpoint Wealth team

Towerpoint Wealth Original Content
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We conducted a very well-received educational event at the John Natsoulas Gallery last night, combining both art and finance. The theme was ESG investing, more commonly known as socially ...
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ESG / Socially Responsible Investing
It has been called many things as its evolution continues, but lately, Environmental, Social, Governance (ESG) investing is simply being called a good idea.
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Towerpoint Wealth Favorite Articles
Why shell a boiled egg when you can squeeze it out, or use your fingernails on an orange when a knife is quicker? Here's how to make life in the kitchen much easier. Click HERE to read en...
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Towerpoint Wealth Favorite Apps
Charity Miles is a free app that enables you to earn money for charity whenever you walk, run or bike. Anytime. Anywhere. Since its founding in 2012, Charity Miles has helped earn nearly ...
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