Ignoring IRS Notices Only Makes It Worse
Remember all those tax documents you get? The 1099s, W2s, K-1s? The IRS also receives a copy, and they can match it to what you report. Omit one and you’ll get a letter. We explain in this week’s Tax Tip.
Retirement: Proceed With Caution Before Relying on General Rules
There are so many “retirement rules of thumb” to help you save. However, the retirement YOU want may be quite different from the average. Consider your situation before taking generic advice. Read all about it in this week’s Financial Tip.
Consider Your Plan Before Customizing Your Insurance
Bil Lako, CFP®, and Troy Harmon, CFA, CVA, are joined by insurance expert Jim Crone, CLU®, CFS®, to discuss a case study of a couple who need insurance for protection purposes, but they are being offered a policy that is trying to accomplish too many goals and contains too many features. Jim explains that going back to the financial plan to determine the insurance need is the best strategy.
Market Roundup: Equities Surged During Week Until Friday’s Abrupt Decline
The indices kicked off the week with mixed action as the Dow Jones Industrial Average posted gains while the S&P 500 Index and NASDAQ dipped on a variety of economic news. New-home sales ticked up in October with sales rising 6.2% from the revised September rate and increased 18.7% from October 2016. New record levels were hit on Tuesday, as stocks stepped up on progress in the GOP tax bill.
Is it time to get out of the market and go to cash?
In today’s Marietta Daily Journal, Bil Lako, CFP®, provides his opinions on if it is time to get out of the market and go to cash. Spoiler Alert: The market’s fundamentals are solid.
Should You Buy Your Own Office Space?
Considering buying your office space? Consider the tax benefits, potential rental income, and your need for room to grow before you purchase. Read all about it in this week’s Business Tip.
Converted Your Traditional IRA to a Roth IRA? Worried You May Have Done it too Soon if Tax Reform Passes?
You can convert your traditional IRA to a Roth IRA this year, and if tax laws change in your favor, you can recharacterize the conversion for 2017 and then re-convert for 2018. We explain in this week’s Tax Tip.
Questions to Ask Before Buying That Thing You’ve Always Wanted
Yes, you want that Porsche. But before you fork over thousands of dollars, ask yourself a series of questions to help you decide if the purchase is really worth it. Learn more in this week’s Financial Tip.
Henssler Collects More than 2,900 Food Items for CFR Thanks for Giving Food Drive
Henssler staff donated more than 2,900 food items and more than 60 hours sorting and packing food for The Center for Family Resources 2017 Thanks for Giving food drive.
In the News: A Concentrated Position can be Detrimental to Your Portfolio
Bil Lako, CFP® explains that you actually want to owe a lot of tax on your investment portfolio because that means you’re making a lot of money.