Most of you have probably not heard the term "Financial Toxicity". It's a term used to describe the financial issues one can face related to medical care. However, it goes further as there are many costs associated with treatment such as meals out, parking, and even housing costs while away getting treatment.
Most of our blogs deal with topics related to finance. Since we really care about the overall well-being of our clients here at FPS, we sometimes veer off in a more health related direction. Hey, if you are financially secure that is great but if you are too stressed to enjoy life what good is that? This is one reason you will find our weekly newsletter unlike any other newsle
Well, I'll tell you what it's not. It is not investing in the next hot stock (or Bitcoin). In fact, that's not really even investing. That's called speculation.
True financial planning is an ongoing disciplined process where you make logical and well thought out steps to help you achieve your financial goals.
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.