Tax treatment is an important driver of the returns on your portfolio. If you are implementing your personal finance plans yourself, you will need to understand the tax consequences. But even if you have professional advice, you should have a reasonable understanding of what is behind the advisors' recommendations. In order to do this, you will need some good resources explaining the tax system. In this article, I discuss "Tax Planning for You and Your Family (2014)" by KPMG, which is aimed at Canadians. I start off with some introductory remarks for non-Canadian readers.
Showing posts with label DIY. Show all posts
Showing posts with label DIY. Show all posts
Sunday, April 27, 2014
Thursday, April 17, 2014
Why You Should Consult With A Financial Planner - Or Not
One of the first decisions you have to make about your financial plans is whether to outsource your planning to a professional financial planner. Alternatively, you end up with a do-it-yourself (DIY) financial plan. Although my site is necessarily aimed at people interested in DIY, outside advice is probably a good idea for many people, and appears to be a necessity before undertaking big financial moves.
But even if you do seek professional help, you should understand enough about finances so that you can independently evaluate the advice your are given.
But even if you do seek professional help, you should understand enough about finances so that you can independently evaluate the advice your are given.
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