Category Archives: Certified Financial Planning (CFP)
Tax Planning: The Difference Between Capital Gains and Dividends
Investopedia published an article that asks “Capital Gains vs. Dividend Income: What’s the Difference?” The article looks at the differences between capital gains and dividend income, and their tax implications. Capital is the initial sum invested. A capital gain is a profit you get when an investment is sold for a higher price than… Read More »
Here’s How You Know You’re an Adult: 10 Documents
Fifty is a little on the late side to start taking care of these important life matters. However, it is better late than never. It’s easy to put these tasks off, since the busyness of our day-to-day lives gives us a good reason to procrastinate on the larger issues, like death and our own… Read More »
What Family Caregivers Need to Know About Taxes
If you serve as a caregiver for a family member, you are probably spending a great deal of money out-of-pocket, in addition to sacrificing a substantial amount of your time to care for your loved one. Many caregivers spend more than $5, 000 a year for their loved ones, without reimbursement from Medicare or… Read More »
How to Spend Your Savings During Retirement
One of the best ways to make sure you have enough money to last you through retirement is to be savvy about how you spend your savings. Everyone’s situation is different, so there is no single formula that will apply to everyone, but it can be helpful to have some general guidelines on how… Read More »