CMP Financial Planning


Economic and Investment Update: First Quarter 2016

- Mar 16, 2016

Economic and Investment Update: First Quarter 2016 It doesn’t take a sophisticated investor to know that this past quarter has been a roller coaster ride for the stock market. US stocks are down a bit over 4% over the past 3 months (6% over the past year), but this is up from their 3-month low…

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Tax Help for Families with Disabilities

- Mar 15, 2016

Tax Help for Families with Disabilities Ohio families with individuals with disabilities will soon be able to experience tax relief for providing for their loved one. The federal Achieving a Better Life Experience (ABLE) Act, which allows a state to create tax-free savings accounts for individuals with disabilities, became law in December 2014. Subsequently, Ohio…

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Update: Congress ends one Social Security Maximization Strategy

- Dec 10, 2015

Update: Congress ends one Social Security Maximization Strategy The budget deal that was signed into law recently gets rid of one of the key strategies that has increased lifetime Social Security benefits by up to roughly $60,000 for some high-earning couples. The strategy known as “File and Suspend/Restricted Application” was applied when both spouses who worked under…

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Q4 Economic and Investment Update

- Dec 10, 2015

Q4 Economic and Investment Update According to John Waggoner, a market observer and contributing writer for Morningstar.com, there were three major financial stories for 2015.  First, there has been the tumbling price of oil, due to the enormous production by the US and Saudi Arabia at the same time that slowdowns in Europe and emerging…

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Ways to Simplify Your Financial Life

- Sep 10, 2015

Ways to Simplify Your Financial Life Who doesn’t want to simplify their life, particularly when it comes to their finances?   Consolidating and automating your financial chores can make sense because it reduces the time spent organizing and tracking financial records. Below are some tips to simplify your finances: Collapse the number of accounts you are…

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Q3 Economic and Investment Update  

- Sep 10, 2015

Q3 Economic and Investment Update This column is not much fun to write when the markets are volatile, and it feels like we are giving back all of the gains we experienced earlier this year! The good news is that US economic indicators aren’t showing signs of an imminent economic downturn. Looking at the returns…

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Managing Healthcare Costs in Retirement

- Jun 10, 2015

Managing Healthcare Costs in Retirement For those who are thinking about retirement, it is important to consider the impact that future health care costs will have on your budget. Although Medicare, the federal health insurance program for the elderly and disabled, will pick up most retirees’ medical costs once they turn age 65, the out-of-pocket…

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What Increased Longevity Means for Your Retirement

- Mar 10, 2015

What Increased Longevity Means for Your Retirement By Alissa Henry Good news! Older Americans are living longer than ever. However, that means retirees now need to save more than ever to make their retirement money last during these extra years. A leading membership-based organization for actuaries in the United States and Canada, Society of Actuaries,…

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Your Healthy Retirement: Low-Carb Diet that Embraces Fat

- Dec 10, 2014

Your Healthy Retirement: Low-Carb Diet that Embraces Fat By Alissa Henry Every year, losing weight tops the list of the most popular New Year’s Resolution. But what’s the best way to do it? There are countless diet options out there, but a new study says one diet is the most effective of all: The Low-Carb…

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Five Things To Do With A Tax Refund

- Mar 20, 2014

Five Things To Do With A Tax Refund by Alissa Henry It’s the most wonderful time of the year – tax refund season. A new Bankrate.com poll found that 80% of Americans expect to receive a check from Uncle Sam this year. In fact, the IRS says that for every dollar it collects, it returns…

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Surefire Ways to Increase Investment Returns!

- Sep 10, 2013

Surefire Ways to Increase Investment Returns! While academic research has shown it is difficult or impossible to beat market returns, often we can effectively improve our returns simply by reducing the taxes on our investment income and gains! The first step is to understand how tax treatment differs for each account type, especially when taking…

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Your Health in Retirement: How To Live To Be 100!

- Jun 15, 2013

Your Health in Retirement: How To Live To Be 100! by Alissa Henry If you’re hoping to celebrate your 100th birthday someday, you’re in luck! According to the latest Census Bureau data, a growing number of Americans are living to see their centenarian birthday. Brian O’Connell, writing for the digital financial media company “The Street”…

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Are Annuities Always a Bad Deal?

- Apr 23, 2013

Are Annuities Always a Bad Deal? An annuity is a contract between you (the annuity owner) and an insurance company. In return for your payment, the insurance company agrees to provide either a regular stream of income or a lump sum payout at some future time— often at retirement. Generally annuities have a bad reputation,…

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New Driver’s License Option: Next of Kin Notification

- Jun 05, 2012

Next of Kin Notification If you live in Ohio, then you may have noticed a new option the last time you renewed your Driver’s License: Next of Kin. One of the difficulties emergency personnel face is how to locate next of kin for a victim who is unconscious, dead or otherwise unable to answer questions….

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Gifting: A Win-Win Proposition

- Apr 23, 2012

A Win-Win Proposition Did you know that there’s a wealth-transfer technique you can use to reduce your taxable estate and keep more of your assets for your heirs? You can make annual gifts of up to $13,000 ($26,000 per married couple) to as many people as you wish without incurring federal gift taxes. An example:…

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Caring for Our Parents

- Feb 23, 2012

Caring for Our Parents By Alissa Henry More than 42 million Americans provide family caregiving for an adult who needs help with daily activities. An additional 61.6 million provide at least some care during the year. Are you prepared to take care of your parents? Lori Wengerd, owner of Home Care Assistance Columbus, says that…

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The Art of Asset Location

- Mar 23, 2011

The Art of Asset Location While academic research has shown that no manager can beat the market (not even on Wall Street!), we can, in effect, improve our returns by reducing taxes on our investment income and gains! Christine Benz has done a nice job of discussing this topic in her article What Goes Where?…

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Tips to Keep You Safe While Shopping Online

- Jan 23, 2011

Tips to Keep You Safe While Shopping Online by Alissa Griffith If you’re like millions of Americans this holiday season, you may be getting some of your shopping done online. Stay safe while doing so with the following tips: Update! The first thing you want to do is update your browser. Along with other benefits…

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