We all have important dates to remember in our lives such as birthdays and anniversaries. When it comes to investing for dividends, there are three key dates that everyone should memorize. The three dates are the date of declaration, date of record, and date of payment. Most investors buy stocks only for their cash dividends, this is especially true now because interest rates are so low and investors are hungry for yield. However, the next time you decide to buy a stock for its dividend, keep the following three dates in mind to ensure you get the cash you deserve.

Most investors focus only on their retirement accounts such as 401ks, IRAs and pensions and overlook another powerful savings vehicle - the taxable brokerage account. The taxable brokerage account is like a supercharged savings account; just like a savings account, your money is accessible at anytime, but unlike a savings account, you can use a taxable brokerage account to invest in anything such as stocks, bonds, real estate, commodities, etc. The real benefits of taxable brokerage accounts are when investors use the tax laws to their advantage. Below are three of the most commonly used tactics high income earners exercise to minimize and manage their taxes.

1. When should I use my emergency fund?
This is a fantastic question because I commonly write about how people should maintain an emergency fund commensurate with the nature of their jobs and their social safety nets. Just to recap, the more volatile your job or the less predictable your income, the larger your emergency fund should be. However, if you have a social safety net in that you have financially stable parents, close relatives, or friends who can help you financially if you are in a pinch, the smaller your emergency fund can be. Keep in mind that you can also use a Roth IRA to maintain your emergency fund because your contributions can be withdrawn at any time without tax or penalty. But when is it ok to use your emergency fund? Here is a short list to help you not feel guilty when dipping into your emergency fund: major car or house repairs, unexpected medical bills, job loss, death in the family, etc. A vacation does not qualify. Lastly, it should go without saying that if you deplete your emergency fund, your top priority should be to replenish it pronto.

1. What is a HSA and do I need one?