Alimony also known as "spousal support" is money that one spouse pays another. Usually on a monthly basis for a set period of time.
Generally speaking, the spouse that receives alimony (usually the lower income spouse) pays taxes as ordinary income on the money received. The payor of alimony (usually the higher income spouse) gets a deduction on these payments.
Remember the movie Rocky?
Why did Rocky get up at 4:30 am, drink raw eggs and then go out in the cold and run?
Plain and simple, he had a goal. (and a burning desire) He knew, that if he did that consistently, went a little further or faster over time, he would get stronger and closer to his ultimate goal. Winning the heavyweight boxing title.
There are several ways to pay for a college education.
According to the College Board, the cost today for the 2016-2017 school year was $33,480 for a private school and $24,930 for an out-of-state student at a public school. Bear in mind, this is an average and some top schools are in the $50,000 + a year range.
As the cost of a college education continues to climb, many find themselves saddled with student loan debt and many times, not in a position to make these payments.
We all get these offers in the mail that at first glance, sound pretty good.
The way this credit card transfer offers work is this:
Last weekend, I was attempting to find a show a friend recommended On Demand.
Many of you know I specialize in Pre and Post-Divorce work.
When someone is contemplating divorce, they sometimes seek me out for some information and a conversation about the process and their options.
Last week, I was asked to attend a symposium in Boston to discuss how we could help improve the survival outcome of cancer patients.
As I lay on the table at physical therapy the other day, I took a deep breath as my therapist pulled my arm back. Three months in since my injury and the pain hasn't subsided much.
I started thinking about the similarities of healing from an injury and meeting your financial goals. Both have these things in common: