Archive - 2017

1
Moving from “tax” prep to “life” prep
2
Five Easy Pieces of Investment Advice
3
Comparing Traditional to Evidence-Based Investing
4
4 Ways to Save on Taxes When You Fund Higher Education
5
Women, the Great Wealth Transfer, and Financial Planning

Moving from “tax” prep to “life” prep

At this time of year, everyone becomes a master at document gathering.  There is a shoe box or a filing system or a folder on your laptop to hold all the tax-related documents which are needed to complete your income tax returns.  It requires a diligent attitude to ensure nothing has been neglected or omitted which is important to the outcome of the bottom line.  Once the taxes have been submitted for the year, there is always a sigh of relief in getting to completion.

Before you pack everything up and put it away for another year, take a step …

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Five Easy Pieces of Investment Advice

by Eve Kaplan, CFP(R) Professional

Here are Five Easy Pieces of Investment Advice that can s-t-r-e-t-c-h your investment dollars. The first 3 “Pieces of Advice” are connected. It’s a good practice to verify if your broker or advisor is following these tips or not (I’m always amazed to see how many money managers disregard these commonsense ideas and cost their clients more money):

  1. Location, Location, Location

Different types of investments fit better in taxable accounts (funded with after-tax money) vs.  tax-deferred accounts (e.g. IRAs, 401ks) vs. accounts that never will be taxed (Roth IRAs or Roth 401ks). While one investor …

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Comparing Traditional to Evidence-Based Investing

Evidence-based investing integrates a similar methodology as the more widely known evidence-based medicine, which incorporates broadly accepted research with sound design to optimize the decision-making thought process for the best outcome for the patient. The Centre for Evidence-Based Medicine at Oxford in the United Kingdom has high praise for the process, noting that, “Evidence-Based Medicine is the conscientious, explicit, and …

The post Comparing Traditional to Evidence-Based Investing appeared first on Chamberlain Financial Planning & Wealth Management.…

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4 Ways to Save on Taxes When You Fund Higher Education

It is tax time – whether we like it or not! And you could save significant tax dollars if you recently funded your kids’ college education or your own. Here is what you need to know.

Your children are in college. You are determined to pay for their education. It is a lot of money! You wonder if Uncle Sam helps you here – I mean, in the form of tax incentives. Well, in fact, he does.

Thanks to the current laws, yes you could save on taxes when you pay for higher education. While the finest details are in …

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Women, the Great Wealth Transfer, and Financial Planning

In recent years there has been a lot of talk about ‘the great wealth transfer’ that is taking place—as time goes on women will control more money than before. Morningstar Canada recently published an article about this noting, “Because of longer life expectancies and advances in the workplace, women in North America are controlling an ever-growing share of wealth. According to a report by the BMO Wealth Institute, women in the United States currently control US$14 trillion – more than half the country’s personal wealth — and that figure is expected to grow to US$22 trillion by 2020.”

This …

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