CMP Financial Planning

Blog


Financial Plans Help Dentists Reduce Stress

- Nov 14, 2017

According to our survey of Ohio-based dental practitioners, dentists are stressed about their finances. Consider that of the 42 Ohio-area dentists we surveyed: 47% of dentists working with a financial planner cited being stressed about growing their practice compared to 70% of those who didn’t utilize financial professionals. 38% of dentists who worked with a…

Read More »

Equifax Security Breach

- Nov 14, 2017

  by Barry Jamieson, CFP®   Some of you have expressed concern about the Equifax hacking and have asked what precautions should be made in light of this latest security breach.  With this latest breach it should be clear that breaches of this magnitude will continue to be regular occurrences well into the future. While personal security…

Read More »

Quarterly Market/Economic Overview for the 3nd Quarter, 2017

- Oct 16, 2017

Stocks and politics here and globally seem to be running in parallel realities. In the political sphere, news of some crisis or political impasse, either in the US or around the world, grab our attention almost daily. The inability of governments to successfully address many of these events or issues would seemingly have a negative…

Read More »

August Economic Update

- Oct 02, 2017

The economy, unlike our political situation, keeps on chugging along, growing at an annual 2% clip.  Unemployment at 4.3% is at a 16 year low.  The positive stream of earning reports and economic news continues to support the stock market. The 2nd quarter saw US stocks rise by 3% and 8.9% YTD.  International stocks did…

Read More »

HSAs Double as Retirement Savings Vehicles!

- Oct 02, 2017

More Americans are participating in high deductible health insurance plans, making them eligible to also participate in a Health Savings Account (HSA). HSAs can be a super retirement savings vehicle. Here is why:  contributions are made tax free, they grow tax free, and withdrawals are tax free as long as they are made for  “qualified…

Read More »

Choosing a Corporate Trustee

- Jul 06, 2017

  For many parents choosing someone to look after their child with a disability is the most difficult part of their estate planning process. The chosen person must not only be responsible and committed to your child’s emotional and physical wellbeing but must also have the technical expertise to manage the child’s financial affairs. (The…

Read More »

Purchasing a Home For Your Family Member with Special Needs

- Jul 06, 2017

  As their child with a disability reaches adulthood, families give increased thought to their child’s housing needs.   Many families want to promote the maximum independence of their child while others are concerned for their loved one’s living arrangements after their own death.  In either case, home ownership can be a great way to provide…

Read More »

Quarterly Market/Economic Overview for the 1st Quarter, 2017

- May 01, 2017

The US and global stock markets continue to reach market highs. The US expansion is now in its eighth year. At the beginning of the first quarter market analysts were fixated on the next policy moves of the Trump administration. In anticipation of a more favorable business climate (e.g. Deregulation, lower taxes) stocks jumped higher….

Read More »

Social Security and Disability Planning

- May 01, 2017

If you have a special needs child who has a permanent disability, it is likely that social security benefits will be an important component of their special needs plan. Although in most cases Social Security benefit payments will need to be supplemented to pay for your adult child’s living expenses, particularly if they are living…

Read More »