CMP Financial Planning

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Why My Wife and I Decided to Buy Long Term Care Insurance

- May 18, 2019

By Barry Jamieson I found out that my wife and I were approved for long-term care insurance coverage – hurrah!   We sailed past arduous medical interviews and a memory test and apparently passed with flying colors!  We have thus officially prepared for embarking on our–hopefully– long and happy journey through our golden years.  Why would I be so…

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Managing Your Digital Estate

- May 18, 2019

MBy Barry Jamieson, CFP®, MAThe best place to get started with taking care of your digital estate is by listing all of your accounts with your passwords, web addresses, etc., and creating a master file containing this information. Next you will want to store this file safely online. Services such as “Last Pass” and “Tru Key”…

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Should I Claim my Adult Child with a Disability as a Dependent?

- Mar 01, 2019

By Barry Jamieson In last month’s Disability Insights, various tax issues of particular importance to individuals and families with disabilities were discussed. In this article, we take a more in depth look at one of those topics addressed: the topic of claiming your adult child as a dependent.  When the Tax Cuts and Jobs Act passed…

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Special Bulletin Regarding the Stock Market

- Jan 01, 2019

While the Christmas holidays may provide us with many reasons for celebration, the precipitous volatility and decline of the stock market indexes is certainly not one of them. A typical 60/40 portfolio was down nearly 10% for the year as of Christmas, with much of that decrease occurring in December alone.  So please be forewarned that unless…

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Year-End Tax Planning

- Jan 01, 2019

 By Barry Jamieson, MA, CFP® With increases in the standard deduction ($24K for couples, $12K for singles) resulting from last year’s tax changes, it has become harder to take advantage of the tax breaks provided through itemized deductions. For those of you who are taking required minimum distributions, or RMDs, having the part of your distribution…

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Estimating Expenses for Your Special Needs Financial Plan

- Nov 23, 2018

By Barry Jamieson One of the more difficult tasks in establishing your special needs financial plan is estimating expenses of your adult child after he or she begins living independently from you. Much of the difficulty is the result of the uncertainty of not knowing precisely what kind of support will be needed when your…

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Creating a Special Needs Financial Plan

- Oct 29, 2018

Creating a special needs financial plan involves putting together two plans: one for the parent and one for the child with a disability. Because the combined financial plans take into account the needs and goals of both the parents and the adult child with a disability there is additional complexity in producing an overall projection…

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