If you’ve just discovered a BIG mistake on your tax return this year, we explain the steps to take to correct the situation QUICKLY in this week’s Tax Tip.
Investments in QOFs provide unique tax incentives that lawmakers designed to encourage taxpayers to participate in these funds. Learn more in this week’s Tax Tip.
In order to have sufficient income to last you for your entire retirement you first need to determine your retirement income needs. We explain in this week’s Financial Tip.
In order to make the best decisions possible for your company, you need to have complete and accurate information. We explain what to look at to determine your small business’s profitability in this week’s Business Tip.
There is no magic formula to determine how much you or your child should borrow for college. But there is such a thing as borrowing too much. We explain in this Question of the Week.
If you owed a large amount of money for your 2018 taxes, bumping up your withholding now could help avoid a similar fate next April. We explain in this week’s Tax Tip.
What does the future hold for Social Security and Medicare? In this week’s Financial Tip, we list highlights from the lengthy reports the Trustees of the Social Security and Medicare Trust Funds submit to Congress.
How you record a customer payment in QuickBooks depends on why and how you received it. We explain in this QuickBook’s Tip.
By: Tim O’Pry | Chief Security Officer Some may believe that if they restrict their personal use of the Internet they can limit what information about them can be stolen. After all, if we don’t post anything on social media or order anything online, we have nothing to worry about, right? While this might seem…
If you follow financial news, you’ve probably heard many references to “the Fed” along the lines of “the Fed held interest rates,” or “market watchers are wondering what the Fed will do next.” So what exactly is the Fed and what does it do? We explain in our Question of the Week.
If you’ve received notification that the government is about to file a tax lien or tax levy against you, you might have some questions. We explain the differences in this week’s Tax Tip.
Getting close to retiring, but not sure your income will meet your needs? Read tips on how to close your income gap in this week’s Financial Tip.
In this week’s Business Tip, we explain three things small businesses owners can do to start the 2019 tax year off on the right foot.
If you are due a tax refund, you can check the status online. We explain in this Question of the week.
Individuals and small businesses should consider various ways of starting off on the right foot for the 2019 tax year. We give you a list to follow in this week’s Tax Tip.
A financial crisis can be scary at any age, but this is especially true when you’re in your 40s or 50s. Regardless of how you got to this point, it’s important to develop a strategy that will help you re-establish financial stability. We explain in this week’s Financial Tip.
Does your business need a vCFO? Find out in this week’s Business Tip.
Are you going to start paying higher education costs? You might qualify for a tax credit. Find out in this week’s Tax Tip.
If you have a second home in a resort area, or if you have been considering acquiring a second home or vacation home, you may have questions about how rental income is taxed for a part-time vacation-home rental. We explain in this week’s Tax Tip.
Henssler Associate Michael Griffin, CFP®, answers our “Money Talks” question of the week, “Can I refinance my student loans?”
If you have a child or grandchild, you may want to consider opening a 529 Plan for future education costs. We explain the rules in this week’s Financial Tip.
Does your morning commute and cubicle have you contemplating self-employment? We list out some pros and cons of being your own boss in this week’s Business Tip.
According to Student Loan Hero, Americans owe more than $1.56 trillion in student loan debt. If you’re having trouble paying your student loans, we explain what to do in this Question of the Week.
If your tax refund is less than you anticipated, you are not alone. We explained what probably happened in this week’s Tax Tip.
How does your plan compare to the most recent survey results from the Plan Sponsor Council of America? Find out in this week’s Financial Tip.
Tax reform has brought about significant changes in the way that vehicle use is deducted for business purposes. Read more in this week’s Business Tip.
Repaying student loans is an important financial obligation. But doing so can take many years of dedication and sacrifice. We walk you through some options in this Question of the Week.
The federal income tax filing deadline for most individuals is Monday, April 15, 2019. We go over highlights in this week’s Tax Tip.
The FOMC has raised the funds rate nine times since December 2015, with four increases in 2018 alone. March projections suggest that there may be no rate increases in 2019 at all. We explain in this week’s Financial Tip.
If you use independent contractors for your business or rental, for each individual whom you pay $600 or more for the year, you are required to issue a Form 1099-MISC to avoid losing the deduction for their labor and expenses. We explain in this week’s Business Tip.
You thought you were getting a refund and SURPRISE…You Owe! If you owe the IRS, but can’t pay the bill, we explain your options in this Question of the Week.
The government shutdown earlier this year doesn’t mean your chances of getting audited are lower. Read this week’s Tax Tip to learn about some common IRS audit red flags.
Did you know that Social Security may pay benefits to your eligible family members when you die, helping to make their financial life easier? Take the quiz in this week’s Financial Tip to learn more.
By: Tim O’Pry | Chief Security Officer Another day, another few hundred million accounts compromised. Facebook is the most recent (as of late March 2019). This problem has become so common place that it hardly qualifies as news. What is different about this one is that it wasn’t criminals who broke into Facebook and obtained the data.
Whether you are filing taxes on your own or hiring a tax preparer, you’ll want to make sure you have all of your information organized to make the process of filing your taxes easier. We explain in this Question of the Week.
As part of the recent tax reform, the Tax Cuts and Jobs Act of 2017, the deduction for home mortgage interest and property taxes has undergone substantial alterations. These changes will impact most homeowners who itemize their deductions each year. We explain in this week’s Tax Tip.
With the cost of college continuing to increase year after year, for many families, financial aid can be the deciding factor in whether a child attends the college of his or her choice. We explain how you can compare financial aid packages in this week’s Financial Tip.
Before you start putting together an investment portfolio, you should consider a few of these well-recognized guidelines. We explain in this Question of the Week.
MARCH 2019. KENNESAW, Ga.— Henssler Financial is proud to announce that Managing Associate K.C. Smith, CFP®, and Research Analyst Nick Antonucci, CVA, have earned the Certified Exit Planning Advisor (CEPA) designation after completing The Exit Planning Institute’s intensive four-day executive MBA-style program. Smith and Antonucci join an elite group of business advisers who have received this designation and are a part of the Exit Planning Institute’s international community of CEPAs.
To ensure that you get through tax season without unnecessary costs and aggravation, read this week’s Tax Tip for a list of penalties the IRS most frequently assesses against taxpayers.
Before you purchase an investment property or rent out your own home, make sure you understand what’s involved. We explain in this week’s Financial Tip.
Financial ratios are used to measure a business’s condition and performance. They can help you evaluate your organization’s financial status and rate of success. They are also used by those evaluating your business for potential investment or lending opportunities. Generally speaking, there are four categories of financial ratios: liquidity, profitability, activity, and leverage. Your balance…
In today’s Marietta Daily Journal, Bil Lako, CFP® explains how a qualified charitable distribution can provide a significant savings over giving to charity after tax, as charitable deductions are “below the line” deductions. Read the Article This article is for demonstrative and academic purposes and is meant to provide valuable background information on particular investments, NOT a…
A DRIP automatically reinvests your shareholder dividends in more shares of the same company’s stock. When you are due a dividend, you are issued more shares of stock instead of a cash dividend payment. In some cases, the issuing company will cover the broker’s fees and may even provide the additional shares at a discounted…
Ever since tax reform was passed, over a year ago, taxpayers have been uncertain whether rental property will be classified as a trade or business for purposes of qualifying for the new IRC Sec 199A 20% pass-through deduction (commonly referred to as the 199A deduction). Finally, on January 18, 2019, the IRS issued a notice…
Investors who own shares of common stock have the right to vote in elections on certain corporate matters. Election outcomes can help determine the company’s short- and long-term profitability, and ultimately the stock price. The spring proxy season (generally April through June) is when many publicly traded corporations hold annual shareholder meetings. A smaller number…
You’ve worked your whole life building a business and the time has finally come: the time where you feel ready to enjoy the fruits of your labor and retire. But what happens to your business now? Do you want to pass it down to your children? Maybe you don’t have children. How can you exit…
To answer this question, you must decide how your money can work best for you. First, we always recommend you have an adequate emergency fund—this is money you put aside to cover your expenses in case you find yourself without an income stream (i.e., a job, scholarship) or to cover an unexpected large expense (i.e., car…
If you haven’t done so already, you’ll want to start pulling things together— that includes getting your hands on a copy of your 2017 tax return and gathering W-2s, 1099s, and deduction records. You’ll need these records whether you’re preparing your own return or paying someone else to prepare your tax return for you. Don’t…
You have until your tax return due date (not including extensions) to contribute up to $5,500 for 2018 ($6,500 if you were age 50 or older on December 31, 2018). For most taxpayers, the contribution deadline for 2018 is April 15, 2019 (April 17 for taxpayers who live in Maine or Massachusetts) You can contribute…
Many of the changes can affect the bottom line for the business as well as you as the business owner — some in a good way and some in a bad way. 1. The taxable income of a C corporation is now taxed at a flat 21% rate. Previously, the tax rates generally ranged from 15%…
There’s no way to know the answer to that without reviewing your individual circumstances and financial goals. However, if you are investing too conservatively, it can have a profound effect on your long-term financial security. How you should be investing depends on many factors, such as: How able are you to tolerate risk? How soon…
Welcome to 2019 and a delayed provision of the tax reform, also known as the Tax Cuts and Jobs Act (TCJA). For divorce agreements entered into after December 31, 2018, or pre-existing agreements that are modified after that date to expressly provide that alimony received is not included in the recipient’s income, alimony will no…
Money can be a sensitive subject to discuss, but you’ll need to talk to your parents about it in order to get to the root of their problems and come up with a solution. Before you start the conversation, consider the following four scenarios as signs that your parents might be experiencing financial challenges, and…
QuickBooks Online’s mobile app, available at the Apple App Store and Google Play, can do many of the same tasks that it performs on your office desktop. You can, for example: Check account balances. Add and edit estimates, invoices, and sales receipts. Add and edit customers, vendors, products, and services. Record invoice payments. One of…
Yes! Unless you absolutely cannot afford to set aside any dollars whatsoever, you should contribute to your employer’s 401(k) plan. A 401(k) plan is one of the most powerful tools you can use to save for your retirement. The first benefit is that your pre-tax contributions to a 401(k) plan are not taxed as current…
Tax time is just around the corner, and if you are like most taxpayers, you are finding yourself with the ominous chore of pulling together the records for your tax appointment. The difficultly of this task depends upon how well you maintained your tax records throughout the year. No matter how good your record keeping…
When saving for retirement, you’re probably aware of the benefits of using tax-preferred accounts such as 401(k)s and IRAs. But you may not be aware of another type of tax-preferred account that may prove very useful, not only during your working years but also in retirement: the health savings account (HSA). HSA in a Nutshell…
In today’s Marietta Daily Journal, Bil Lako, CFP®, explains that tax “audit triggers” are just actions that occur in your everyday life and in the course of doing business. Read the Article This article is for demonstrative and academic purposes and is meant to provide valuable background information on particular investments, NOT a recommendation to buy.…
By: Tim O’Pry | Chief Security Officer With the advent of the Internet of Things (internet connected devices), the average consumer is likely to have multiple devices in their home, office, or on their person that is capable of surreptitious surveillance and not be aware of it. One of the more high profile examples of…
In today’s Marietta Daily Journal, Bil Lako, CFP®, explains that for business owners, exiting a small business is a complicated process and one that should be planned for years in advance, not just in the short time leading up to retirement. Read the Article This article is for demonstrative and academic purposes and is meant to…
Entrepreneurs often shrug off the idea of obtaining an employer identification number, or EIN, believing that their small business really doesn’t need one. Though there are some cases where a solo business can get away with merely utilizing the business owner’s Social Security Number, doing so is not necessarily the best idea, even if you…
You may be able to deduct up to $2,500 each year from your gross income if you’ve paid interest on a qualified education loan for qualified higher education expenses during the year. To be eligible for the deduction, your modified adjusted gross income (MAGI) must fall below a threshold figure. For 2019, the deduction begins…
Gambling takes many forms: casino games, horse racing, sports book betting, lotto tickets, scratchers, bingo, etc. For virtually everyone, gambling is a recreational activity and, as such, is done for fun. For most gamblers, their losses for the year will exceed their winnings, and since losses in excess of winnings are not deductible, most gamblers…
As a retirement savings plan participant, you know that setting an accumulation goal is an important part of your overall strategy. In fact, over decades of conducting its annual Retirement Confidence Survey, the Employee Benefit Research Institute (EBRI) has found that goal setting is a key factor influencing overall retirement confidence. But for many, a…
By: Tim O’Pry, Chief Security Officer While the primary focus of these articles to date has been on cybersecurity, there is another aspect of protecting your information that is of equal importance: the regular and secure back up of your digital data (files, photos, etc.). While hacking gets the majority of the headlines, the average…
S corporation compensation requirements are often misunderstood and abused by owner-shareholders. An S corporation is a type of business structure in which the business does not pay income tax at the corporate level and instead distributes (passes through) the income, gains, losses, and deductions to the shareholders for inclusion on their income tax returns. If…
Vehicle expenses can take a big bite out of your budget. According to an AAA report, the average annual total cost of owning and operating a new vehicle in 2018 was $8,849. Fortunately, you may be able to save money by reducing three costs. Depreciation The loss of a vehicle’s value over time was the…
Generally, when financial advisors or the media talk about investment risk, their focus is on the historical price volatility of the asset or investment under discussion. Advisors label as aggressive or risky an investment that has been prone to wild price gyrations in the past. The presumed uncertainty and unpredictability of this investment’s future performance…
If you’re a small business owner, you want your organization to do far more than survive: you want it to thrive! Unfortunately, to make sure that customers are happy and the lights stay on there are a lot of details that need attention, and some end up being overlooked. The intricacies of accounting are neither…
1. Revolving Credit Can Make It Hard for You to Pay off Debt Credit cards allow you to spend money you don’t currently have, and to repay what you’ve spent over time instead of all at once. When you use a card, the balance you owe increases, and your remaining available credit decreases. As you…
While tax scams are especially prevalent during tax season, they can take place any time during the year. As a result, it’s in your best interest to always be vigilant so you don’t end up becoming the victim of a fraudulent tax scheme. Here are some of the more common scams to watch out for.…
Almost 100 million Americans, representing about 44% of U.S. households, owned mutual funds in 2018. Saving for retirement was the primary goal for 73% of investors; other goals included saving for college or a house, building an emergency fund, or providing current income.* Mutual funds offer a convenient way to participate in a broad range…
If you engage the services of an individual (independent contractor) in your business, other than one who meets the definition of an employee, and you pay him or her $600 or more for the calendar year, then you are required to issue that person a Form 1099-MISC to avoid penalties and the prospect of losing…
Debt consolidation can lead to an improvement in your credit rating by making your debt easier to manage. Sometimes, debt consolidation means taking a loan at a lower interest rate to pay off several smaller loans at higher interest rates. Making one payment instead of many may help you keep your debt under better control,…
Individuals with large estates generally want to gift portions of their estate to beneficiaries while they are still living, to avoid or lessen the estate tax when they pass away. That can be done through annual gifts (up to the inflation-adjusted annual limit for each gift recipient each year—$15,000 for 2019) and/or by utilizing the…
There’s no doubt about it—going through a divorce can be an emotionally trying time. Ironing out a divorce settlement, attending various court hearings, and dealing with competing attorneys can all weigh heavily on the parties involved. In addition to the emotional impact a divorce can have, it’s important to be aware of how your financial…
Is your debt-to-income ratio out of control? In today’s Marietta Daily Journal Bil Lako, CFP®, explains where you want to be and provides tips on how to lower that ratio. Read the Article This article is for demonstrative and academic purposes and is meant to provide valuable background information on particular investments, NOT a recommendation to…
Medicare Part B Premiums According to the Centers for Medicare & Medicaid Services (CMS), most people with Medicare who receive Social Security benefits will pay the standard monthly Part B premium of $135.50 in 2019. However, if your premiums are deducted from your Social Security benefits, and the increase in your benefit payments for 2019…
In today’s digital world, massive computer hacks and data breaches are common occurrences. And chances are, your personal or financial information is now susceptible to being used for credit fraud or identity theft. If you discover that you are the victim of either of these crimes, you should consider placing a credit freeze or fraud…
Tax reform eliminated the deduction for casualty losses but did retain a deduction for losses within a disaster area. With the wild fires in the west, hurricanes and flooding in the southeast and eastern seaboard we have had a number of presidentially declared disaster areas this year. If you were an unlucky victim and suffered…
1. Pausing Your Career to Care for Children First, women frequently step out of the workforce in their 20s, 30s, or 40s to care for children—a time when their job might just be kicking into high (or higher) gear. It’s a noble cause, of course. But consider this: A long break from the workforce can…
As it does annually around the end of the year, the IRS has announced the 2019 optional standard mileage rates. Thus, beginning on Jan. 1, 2019, the standard mileage rates for the use of a car (or a van, pickup or panel truck) are: 58 cents per mile for business miles driven (including a 26-cent-per-mile…
You are entitled to a free copy of your credit report every 12 months from each of the three nationwide credit reporting agencies: Experian, TransUnion, and Equifax. You are also entitled to a free report if: A company has taken adverse action against you, such as denying you credit, insurance, or employment (you must request a copy within…
The IRS recently announced that the tax credit for purchasing the popular Tesla is being phased out and that the credit will drop to $3,750 after December 31, 2018, and will drop again to $1,875 after June 30, 2019. Then, the credit will no longer be available for a Tesla after December 31, 2019. But…
Consider these four tips to help make the financial impact of the transition easier. 1. Do Your Homework Before you quit your current job, make sure that you clearly understand the steps involved in a career move, including the financial and personal consequences. How long will it take you to transition from one career to…
In today’s Marietta Daily Journal, Bil Lako, CFP®, explains that when small-business owners want to retire, it is not quite as easy as letting your boss know you will be leaving at the end of July. Read the Article This article is for demonstrative and academic purposes and is meant to provide valuable background information on…
By now, many New Year’s resolutions have already been made—and broken. Though they’re usually created with the best of intentions, they’re often just too ambitious to be realistic. For example, you might decide to learn more about QuickBooks Online and keep up with your accounting chores more conscientiously in 2019. That’s hard to quantify. How…
I’m a first-time homebuyer, and I don’t have a lot of cash to put down on a house. What type of mortgage would be best for me?
If you are a first-time homebuyer and don’t have a lot of money for a down payment on a home, you may want to consider obtaining a mortgage through a government mortgage lending program such as those offered through the Federal Housing Administration (FHA) and the Department of Veterans Affairs, formerly known as the Veterans…
It’s almost impossible to overstate the importance of taking the time to plan your estate. Nevertheless, it’s surprising how many American adults haven’t done so. You might think that those who are rich and famous would be way ahead of the curve when it comes to planning their estates properly, considering the resources and lawyers…
The probability of needing long-term care is growing. According to the U.S. Department of Health and Human Services, Americans turning age 65 today have nearly a 70% chance of needing some type of long-term care services in their remaining years.¹ There are many reasons why you may need long-term care, but one of the growing…
A Lease is a Legally Binding Contract Simply put, yes. You can get out of a car lease, but it won’t be cheap. A lease is a contract, which means it’s a legally binding agreement. Some contracts contain loopholes or escape clauses. However, leasing companies pay attorneys big money for these carefully drafted, loophole-free agreements.…
You probably feel comfortable talking to your teen about things like school, sports, and clothing. But how do you feel about talking about money? While it may be a tricky topic to broach, odds are that your teenager will rely on you to learn basic financial management skills. And the teenage years can be a…
Did you take on a large amount of debt to pay for college, and are you struggling to pay it off? If so, you are not alone. According to the Federal Reserve, 20% of individuals with outstanding student loans were behind on their payments in 2017.1 You may want to consider requesting a deferment or forbearance…
The tax benefits associated with charitable giving could potentially enhance your ability to give and should be considered as part of your year-end tax planning. Tax Deduction for Charitable Gifts If you itemize deductions on your federal income tax return, you can generally deduct your gifts to qualified charities. This may also help you potentially…
If you’re a small-business owner, you probably pour your heart, soul, and nearly all your money into your business. When it comes to retirement planning, do you cross your fingers and hope your business will provide the nest egg you’ll need to live comfortably? What if you become ill and have to sell your business…
In today’s Marietta Daily Journal, Bil Lako, CFP®, explains that if you own stocks or mutual funds, there are some moves at year-end that might help your financial situation. Read the Article This article is for demonstrative and academic purposes and is meant to provide valuable background information on particular investments, NOT a recommendation to buy.…
Yes, you can borrow money from your wholly owned business. Generally speaking, the terms of the loan must be reasonable and must be properly documented. Otherwise, you run the risk that the IRS could reclassify the proceeds of the loan as compensation or dividends, leaving you with an unanticipated tax bill. Troubles may arise if…
When you apply for an auto insurance policy, don’t be surprised to find questions about your credit on the insurance company’s application. In addition to the other information you provide, the company may use your credit information as part of its applicant-screening process. But are insurance companies being too nosy and intrusive when they request…
There is no straightforward answer because some deductions are above the line, others must be itemized, some must exceed a threshold amount before being deductible, and certain ones are not deductible for alternative minimum tax purposes, while business deductions can offset both income and self-employment tax. In other words, there are many factors to consider,…
Although most people who marry hope their unions will last forever, about 50% of first marriages in the United States end in divorce.1 Individuals age 50 and older are still less likely to get divorced than those who are younger. Even so, the divorce rate for Americans under age 40 has declined since 1990, while it…
By: Tim O’Pry | Chief Security Officer Over the years (decades), I have been asked for tips on everything from starting a business to the perfunctory cocktail question of, “What do you do?”. Regardless of the question, the answer is the same: I manage failure points. That answer tends to end most casual cocktail conversation…
If you are a business owner who is accustomed to treating clients to sporting events, golf getaways, concerts and the like, you were no doubt saddened by the part of the tax reform that passed last December that did away with the business-related deductions for entertainment, amusement or recreation expenses, beginning in 2018. You can…
Individual crowdsourcing (also known as personal crowdsourcing) refers to a process of raising money for a personal cause or project using an online platform such as GoFundMe. But how exactly does the process work? Here are some answers to common questions about individual crowdsourcing. What causes can be supported via individual crowdsourcing? Individual crowdsourcing can…
Your refund is the amount that your pre-payments (withheld income tax, estimated tax payments, and certain credits) exceed your tax liability, and if the pre-payment also got reduced, you could be in for an unpleasant surprise at tax time. So, why would the pre-payments, particularly withholding, be less? Simply because the current W-4 form on…
December and January are the perfect months to look back at what you earned, saved, and spent, as W-2s, account statements, and other year-end financial summaries roll in. How much have you saved? If you resolved last year to save more or you set a specific financial goal (for example, saving 15% of your income…
In today’s Marietta Daily Journal, Bil Lako, CFP®, explains how easy it is for the charitably inclined to establish their own donor-advised fund to increase the impact of their giving. Read the Article This article is for demonstrative and academic purposes and is meant to provide valuable background information on particular investments, NOT a recommendation to…
We’re in a bit of a transitional period with business bill-paying. Some paper bills still come via the U.S. Mail, however you may also be getting some through email. Others don’t come at all: You might get a reminder email, but you have to go to the vendor’s site to make a payment. How do…
If you are employed by a government or not-for-profit organization, you may be able to receive loan forgiveness under the Public Service Loan Forgiveness (PSLF) Program. The PSLF, which began in 2007, forgives the remaining balance on federal Direct Loans after you have made 120 monthly payments under a qualifying repayment plan while working full-time…
Receiving notification from the Internal Revenue Service that there’s some kind of problem is one of the most bone-chilling situations an American taxpayer can experience. Just receiving an envelope with a return address from the IRS can strike fear. There are many different reasons that the IRS might reach out, but some are more common…
An estate plan is a map that explains how you want your personal and financial affairs to be handled in the event of your incapacity or death. Due to its importance and because circumstances change over time, you should periodically review your estate plan and update it as needed. When should you review your estate…
Make absolutely no mistake about it: Not only is employee burnout very real, it’s probably costing your business a lot more money than you realize. It’s also not a problem that you’re necessarily going to be able to buy your way out of, either. According to one recent study, a massive 70% of the workforce…
What’s the severance package? Most early retirement offers include a severance package that is based on your annual salary and years of service at the company. For example, your employer might offer you one or two weeks’ salary (or even a month’s salary) for each year of service. Make sure that the severance package will…
In today’s Marietta Daily Journal: How does one account for market return when building a portfolio? Bil Lako, CFP® says ask yourself, “What is your overall tolerance for risk?” and then build the portfolio from there. Read the Article This article is for demonstrative and academic purposes and is meant to provide valuable background information on…
By: Tim O’Pry | Chief Security Officer In an October 2018 speech, Apple CEO Tim Cook spoke on what he believes are the wonders and dangers of technology. A summary of that speech was detailed in this INC online article and the one statement they identified as among the more significant was: “Our own information,…
Unlike a C corporation, which itself pays the tax on its taxable income, an S corporation does not directly pay taxes on its income; instead, its income, losses, deductions, and credits are distributed across its shareholders’ individual tax returns on a pro rata basis. These distributions are not subject to self-employment (Social Security and Medicare)…
Typically, lenders require a down payment of 20% of the home’s purchase price. However, some special mortgage programs allow you to purchase a home with no down payment, such as Veterans Administration (VA) mortgages (if you are a qualified veteran) and no-down-payment or 100% financing mortgage programs. VA mortgage terms are generally favorable when compared…
The most recent data from the IRS on individual tax returns indicates that of 131 million returns filed, about 5 million were expected to be amended. This comes to less than 4 percent, but that projection still affects a significant number of taxpayers. Filing an amended tax return can be a hassle that you definitely…
Review Your Game Plan You haven’t saved enough for retirement…or college. Your credit card debt is spiraling. You’ve been blindsided by unexpected expenses. When your finances hit a rough patch, call a time out and review your game plan. Rethink your strategy to account for changes in your personal life, the economy, or market conditions.…
In today’s Marietta Daily Journal, Bil Lako, CFP®, explains that when people care about a cause, they donate regardless of the potential tax benefit. But, people still ask about charitable tax deductions because they want to know how to make the most of their finances. Read the Article This article is for demonstrative and academic purposes…
Very few people think that starting a new business is easy. But at the same time, there are few first-time entrepreneurs who realize just how involved things are from the moment you start trying to bring that idea that previously only existed in your head into the real world. There’s a massive amount of commitment…
Your spending plan is essentially your budget. By using a more positive name, you can escape the feeling of restriction that often accompanies the term budget. Your spending plan is a tool to help you achieve financial goals that otherwise might seem impossible to reach. It is a way to take charge of your spending…
Recently, as part of the Economic Growth, Regulatory Relief, and Consumer Protection Act of 2018, Congress made several changes to credit rules that benefit consumers. Under the new law, consumers are now allowed to “freeze” and “unfreeze” their credit reports free of charge at all three of the major credit reporting bureaus, Equifax, Experian, and…
How long would it take you to determine: What your total expenses for this quarter are? Whether or not your business is profitable as of today? How much you’ve sold every month this year? Which invoices are overdue? If you’re using QuickBooks Online, you can get answers to all those questions—and more—in the time it…
The Affordable Care Act (Obamacare) included a “shared responsibility payment,” which in reality is a penalty for not having health insurance. Along with this penalty came a whole slew of exemptions from the penalty, including some that were designated as “hardship” exemptions. However, the hardship relief from the penalty required pre-approval from the government health…
The biggest names in technology powered stock market gains and bouts of volatility in 2017, and the trend continued into 2018. The S&P Information Technology sector index posted a 13.19% total return from January through July 2018, compared with 6.47% for the broader S&P 500 index.1 Wall Street analysts and the business media often refer…
In today’s Marietta Daily Journal we explain that while getting the employer match is important, that should really be the bare minimum you save. Read the Article This article is for demonstrative and academic purposes and is meant to provide valuable background information on particular investments, NOT a recommendation to buy. The investments referenced within this…
In the past, the business use of a vehicle was determined either by using the standard mileage rate for business or using actual expenses plus vehicle depreciation limited by the luxury auto caps. That continues to be the case, except the luxury auto depreciation limit has been substantially increased. In addition, there are other changes…
Ultimately, an employer is offering a good insurance benefit package if it’s one that appeals to you and meets your needs. But here are some specific things you might look for. Perhaps the most important piece is the health insurance offered. You’ll want coverage that adequately meets your medical needs. Hopefully, it will also allow…
This year’s wildfires, record rains, flooding, tornadoes, hurricanes and potential for earthquakes should all act as reminders that you should be prepared for a disaster. Sure, it will take some effort on your part and you may never be affected by a disaster, but if you are, you will sure wish you had been prepared.…
If you’re saving for a child’s college education, at some point you’ll want to familiarize yourself with a college net price calculator, which is an invaluable tool for estimating financial aid and measuring a college’s affordability. Available on every college website, a net price calculator gives families an estimate of how much grant aid a…
In today’s Marietta Daily Journal, Bil Lako, CFP®, explains that while a 401(k) is a solid start for retirement, investing doesn’t end there. you may also want to save for other goals, so you still need to understand what you’re doing. Read the Article This article is for demonstrative and academic purposes and is meant to…
Comparatively speaking, of all the different types of life insurance available, term is usually the least expensive. Generally, term life insurance provides protection for a stated or defined period of time, usually from one year to 30 years. If you die during the coverage term, your beneficiary receives the death benefit from the policy. But…
Some years back, it was not uncommon for parents to put their investments in their dependent children’s names to take advantage of their children’s lower tax rates. Although the Uniform Gift to Minors Act legally made a child the owner of money put into his or her name, this didn’t stop parents from routinely putting…
By: Tim O’Pry | Chief Security Officer In our Cybersecurity 101 seminar we discussed the top 3½ things you should do to improve your security online. One of these was to regularly monitor your credit using Credit Karma so you would know if your credit score was changing and more importantly if someone had queried…
In today’s Marietta Daily Journal: Death can be expensive. Bil Lako, CFP®, explains why you need to plan for liquidity in your estate, especially if there are illiquid assets you intend your heirs to keep. Read the Article This article is for demonstrative and academic purposes and is meant to provide valuable background information on particular…
What is the Medicare Open Enrollment Period? The Medicare Open Enrollment Period is the time during which people with Medicare can make new choices and pick plans that work best for them. Each year, Medicare plan costs and coverage typically change. In addition, your health-care needs may have changed over the past year. The Open…
The most important attribute of a cash reserve is its availability in time of sudden need. And while a federally insured savings account is considered one of the safest places to put money being reserved for emergencies, when interest rates are low, you may want to consider other alternatives. When selecting ways to invest your…
Although Congress has been promising to repeal the alternative minimum tax (AMT), they failed to do that when they passed tax reform in 2017. Instead, they lessened the effects of the AMT by increasing AMT exemptions (an amount of income exempt from AMT taxation) and raising the income thresholds for when the exemptions are phased…
Take some time now to review and understand the below risks before your journey takes an unplanned detour. 1. Traveling Aimlessly Setting out on an adventure without a definitive destination can be exciting, but probably not when it comes to saving for retirement. As you begin your retirement strategy, one of the first steps you’ll…
If you’re already using QuickBooks Online, you know how much impact its bookkeeping abilities have had on your company’s accounting operations. You’re saving time, which in-turn saves money, and you’re reducing errors. When a customer or vendor calls with a question, or you yourself need to track down a critical detail to solve a problem,…
For the 2019-2020 school year, the federal government’s financial aid form, the FAFSA, can be filed as early as October 1, 2018. It relies on current asset information and two-year-old income information from your 2017 tax return, which means you’ll have the income data you need when you sit down to complete the form. This…
Blockchain is a data structure used to create a digital ledger shared among a distributed network of computers. It was initially designed for the peer-to-peer exchange of the virtual currency bitcoin. However, businesses are now developing and testing some potentially game-changing blockchain applications. According to a recent survey of executives across a variety of industries,…
The Tax Cuts and Jobs Act has left many of today’s businesses with big questions. Incorporation remains a hot topic, but this law is shaking things up. It’s quick to assume your company should be one or the other, but without careful consideration of the facts, your organization may end up facing financial loss, hefty…
Without an adequate emergency fund, a period of crisis could be financially devastating. Many financial professionals suggest that you set aside three to six months’ worth of living expenses for emergencies. The actual amount, however, should be based on your individual circumstances. Do you have a mortgage? Do you have short-term and long-term disability protection? Other…
If you have an IRA account or are considering one, there are a number of potential missteps you will want to avoid. Some of them can lead to unwanted taxes and penalties, and of course, we are talking about your retirement funding, so it is an important issue. Here are a number of issues to…
The transition into retirement is when you are changing from your full-time working years to your retirement years. If retirement is approaching, you may have to make numerous decisions. Questions you might be asking yourself: Can you afford to retire? What about early retirement—is it a possibility? If you want to continue working, are there…
A health savings account (HSA) is a tax-advantaged account that you can establish and contribute to if you are enrolled in a high-deductible health plan (HDHP). Because you shoulder a greater portion of your health-care costs, you’ll usually pay a much lower premium for an HDHP than you would pay for traditional health insurance. This…
In the last few years, it’s become common for consumers to ditch cable television in favor of streaming services and devices. Many affordable streaming options are available, making it easier for consumers to give up cable without necessarily sacrificing their favorite shows. But there are some drawbacks to relying exclusively on streaming services for television…
The dust has not yet settled from the Tax Cuts and Jobs Act (TCJA), passed into law in December 2017, and the House Ways and Means Committee is already considering another round of tax changes. The committee chair, Kevin Brady, Republican from Texas, wants to include input from stakeholders such as business groups, think tanks…
Not all plans offer hardship withdrawals, but the ones that do will be required to comply for plan years beginning in 2019. In order to take a hardship withdrawal from a 401(k) or similar plan, a plan participant must demonstrate an “immediate and heavy financial need,” as defined by the IRS. (For details, visit the…
In today’s Marietta Daily Journal, Bil Lako, CFP®, explains why you probably shouldn’t compare your portfolio’s performance to the S&P 500 Index. Read the Article This article is for demonstrative and academic purposes and is meant to provide valuable background information on particular investments, NOT a recommendation to buy. The investments referenced within this article may currently…
By: Tim O’Pry | Chief Security Officer The vast majority of mobile devices today are either from Apple (iPhone and iPad), which all run Apple’s proprietary iOS, or they are running a version of Android from Google. Most security researchers consider the Apple iOS to be far more secure than Android for the following primary…
Taxpayers with higher 1040 taxable incomes who are self-employed but are not “specified service businesses” may find it beneficial to structure new businesses, or restructure an existing business, as an S corporation to avoid taxable income limitations that apply to the new 20% Sec. 199A pass-through deduction. To make up for the tax reform’s reduction…
Taxes are similar to vehicles, in that they sometimes need a check-up to make sure they are performing as expected. That is especially true for 2018, with all of the changes brought about by tax reform. One area of major concern is the amount of taxes individuals are withholding from their wages. Tax reform was…
Outstanding student loan debt in the United States has tripled over the last decade, surpassing both auto and credit card debt to take second place behind housing debt as the most common type of household debt.1 Today, more than 44 million Americans collectively owe more than $1.4 trillion in student debt.2 Here are some strategies to pay…
Chief Investment Officer Troy Harmon, CFA, CVA, is joined by Managing Associate D.J. Barker, CWS®, and Senior Associate Jarrett McKenzie, CFP®, CWS®, to take a deeper look at a common investor sentiment about not keeping up with market performance. They discuss the faults with the S&P 500 index as a benchmark, the problems with chasing returns and portfolio risk.
One advantage of term life insurance is that it is generally the most cost-effective way to achieve the maximum life insurance protection you can afford. Many people first purchase term life insurance to protect their family’s financial interests after a significant life event, such as getting married or the birth of a child. You may…
If an error appears on your credit report, you should contact the credit bureau and request a reinvestigation of the disputed information. If the error is not removed, you have the right to add a 100-word consumer statement to your credit bureau file to explain your side of the story. The three major credit reporting…
A frequent question is whether inheritances are taxable. This is a frequently misunderstood question related to taxation and can be complicated. When someone passes away, all of their assets will be subject to inheritance taxation, and whatever is left over after paying the inheritance tax passes to the decedent’s beneficiaries. Sound bleak? Don’t worry, very…
According to the most recent Congressional Budget Office (CBO) projection, the federal budget deficit for fiscal year 2018 (which ends on September 30) will reach $793 billion, or 3.9% of gross domestic product (GDP). This figure is $230 billion larger than the CBO previously estimated in June 2017, largely because legislation enacted since then reduced…
It’s exciting to discover an opportunity to expand the size or scope of your business, and sometimes more workers are needed to make that happen. In the fourth quarter of 2017, 32% of small-business owners said they intend to increase the number of jobs in their companies over the next 12 months.1 How do you…
To fully understand the impact of the law changes, we need to compare the prior tax law to the new tax reform. Under prior law, a taxpayer could deduct the interest he or she paid on up to $1 million of acquisition debt and $100,000 of equity debt secured by the taxpayer’s primary home and/or…
The New York Stock Exchange Group averaged more than 5.7 million trades per day in 2017, with an average of almost 1.5 billion shares changing hands.1 Many of these trades are more complex than most investors need to consider, but it may be helpful to understand some basic terms and types of trades. Bid and ask: The…
Nothing is 100% safe—and the sooner you understand that when it comes to all things on the Internet, the safer you’ll be.
In today’s Marietta Daily Journal, Bil Lako, CFP®, discusses the trend of college students overborrowing on student loans to cover lifestyle costs beyond tuition and education expenses. The numbers are shocking! Read the Article This article is for demonstrative and academic purposes and is meant to provide valuable background information on particular investments, NOT a recommendation…
Unfortunately, it’s also easy to overlook some important details and steps when you’re starting a small business. By being aware of a few of the most common legal and compliance mistakes made by small business owners when starting out, you can be better prepared for future success. 1. Misclassifying Employees as Independent Contractors Regulators are coming…
Your credit report contains information about your past and present credit transactions. It’s used primarily by potential lenders to evaluate your creditworthiness. So if you’re about to apply for credit, especially for something significant like a mortgage, you’ll want to get and review a copy of your credit report. You Can See What They See:…
Gift taxes were created to prevent wealthy taxpayers from transferring their estates to their beneficiaries via gifts and thus avoid estate taxes when they pass away. But that does not mean only wealthy taxpayers need to be concerned with the gift tax provisions as, under many circumstances, even lower-income taxpayers may find they are liable…
The term “COBRA” is commonly used to refer to certain provisions of Title X of the Consolidated Omnibus Budget Reconciliation Act of 1986. This law provides an opportunity for employees and their dependents who have been covered by an employer-sponsored health insurance plan to continue coverage under circumstances where such coverage might otherwise have been…
QuickBooks Online’s Dashboard, the first screen you see when you log in, provides an effective overview of your company’s finances. It contains at-a-glance information about your recent expenses, your sales, and the status of your invoices. It displays a simple Profit and Loss graph and a list of your account balances. Scroll down and click…
Your actual student loan payments aren’t deductible, but the interest portion might be, thanks to the student loan interest deduction. In 2018, the maximum deduction is $2,500. You don’t need to itemize to claim this deduction. To qualify, you must meet a few requirements: First, the student loan on which you’re paying interest must be…
The tax treatment of awards received as the result of a lawsuit could result in taxable or non-taxable income, depending upon a number of issues. The laws are often complex and sometimes seemingly discriminatory. The actual taxation of an award is primarily based on the following factors: The nature of the legal action, The type…
Retirement plans established under Section 403(b) of the Internal Revenue Code, commonly referred to as “403(b) plans or “tax-sheltered annuities,” have become a popular type of employer-sponsored retirement plan. What is a 403(b) plan? A 403(b) plan is a retirement savings plan, sponsored by a tax-exempt organization or public school, that offers significant tax benefits…
In today’s Marietta Daily Journal, Bil Lako, CFP®, explains why it is important for both spouses to develop a fundamental understanding of your finances should something happen to the other spouse. Read the Article This article is for demonstrative and academic purposes and is meant to provide valuable background information on particular investments, NOT a recommendation…
The Tax Cuts and Jobs Act that was passed last year included a new tax credit for employers that allows them to claim a credit based on wages paid to qualifying employees while they are on family and medical leave. To qualify for the credit, an employer must have a written policy that provides at…
It’s a good idea to close redundant or unused accounts you do not consider necessary. Here are a few reasons why: If credit is easily available, you may be tempted to use it. Any impulsive purchases could quickly mount up and result in serious debt problems. Open accounts may be used fraudulently if your account…
This is a common question: How long must taxpayers keep copies of their tax returns and supporting documents? Generally, taxpayers should hold on to their tax records for at least 3 years after the due date of the return to which those records apply. However, if the original return was filed later than the due…
There are two types of rollovers: direct and indirect. A direct rollover is paid from your plan directly to your IRA or to your new employer’s retirement plan. The funds are never payable to you. An indirect (60-day) rollover is a payment made to you that you later roll over to an IRA or an…
Most small business owners are an expert in their field, but not necessarily in the accounting aspects of building a business. And, with this comes a few common mistakes. Yet, even simple small business accounting mistakes can prove to be financially limiting and costly down the road. With the help of an accounting professional, it…
Your 20s 1. Living beyond your means. It’s tempting to splurge on gadgets, entertainment, and travel, but if you can’t pay for most of your wants up front, then you need to rein in your lifestyle, especially if you have student loans to repay. 2. Not paying yourself first. Save a portion of every paycheck first and…
In addition to the below, there may also be tax benefits under state law. Mortgage Interest Deduction One of the most important tax benefits of owning a home is that you may be able to deduct the mortgage interest you pay. If you itemize deductions on your federal income tax return, you can deduct the…
Each year, the Employee Benefit Research Institute (EBRI) conducts its Retirement Confidence Survey to assess both worker and retiree confidence in financial aspects of retirement. In 2018, as in years past, retirees expressed a higher level of confidence than today’s workers (perhaps because “retirement” is less of an abstract concept to those actually living it).…
When you sell your business to a family member, your objective may be to keep the business within the family and make it as easy as possible for your relative to make the purchase. When you sell your business to nonfamily, however, your primary objective may be to get the highest possible price for the…
To the federal government the annual cost of college means the cost of attendance. Twice per year, the federal government calculates the cost of attendance for each college, adjusts the figure for inflation, and, if you or your child is applying for financial aid, uses this number to determine the financial need. Five categories of…
If you have received an IRS envelope from the Internal Revenue Service (IRS) in your mailbox that does not contain a refund check, it will probably cause an increase your heart rate likely increased. But Don’t panic, though; most of the issues in these letters can be dealt with simply and painlessly. Every year, the…
Planning for marriage should involve more than just picking out invitations and deciding whether you should serve chicken or fish at the reception. More importantly, you’ll want to take a look at how marriage will impact your financial situation. And while there are a number of issues you’ll need to think about, careful planning can…
You know you should have a budget. You’re aware that it can help you stay on track with your company’s income and expenses throughout the year. Maybe you’ve even tried to make one before, but you got discouraged by the mechanics or by the difficulty of estimating money in and out for the next 12…
Tax deductions and credits are terms often used together when talking about taxes. While you probably know that they can lower your tax liability, you might wonder about the difference between the two. A tax deduction reduces your taxable income, so when you calculate your tax liability, you’re doing so against a lower amount. Essentially,…
There are TV ads, telemarketing phone calls and sales people at your front door all promoting the benefits of solar power, and one of the key considerations and a frequently mentioned benefit is the 30% federal tax credit. What isn’t included in the ads—and something most potential buyers are unaware of—is that the solar credit…
No, you don’t. A bequest is a gift left to you in a decedent’s Will. You may not want the gift for a variety of reasons. For example, it may be a burden on you, or it may result in adverse tax consequences for you. Whatever your reason for not wanting the bequest, you can…
The good news: Home-office deduction is still allowed for self-employed taxpayers. The bad news: It’s no longer available for employees, at least for 2018 through 2025. Read all about the changes in this week’s Business Tip.
Years ago, to prevent parents from transferring their investment accounts into their children’s name to avoid taxes, Congress created what is referred to as the kiddie tax. This counteracted the strategy of taking income from the parents’ higher tax bracket and shifting it to their children’s lower tax bracket. The kiddie tax plugged that tax…
One way is to call your existing lender and try to negotiate a lower rate. Often, the threat of losing a customer and the associated income from your finance charges can inspire a card company to accept a lower interest rate and keep the relationship. Negotiation is most effective if you have a stable payment…
Many people had their first experience with saving for the future as children when they received a U.S. savings bond as a gift. Savings bonds are issued by the U.S. Treasury Department. However, unlike Treasury bills, notes, and bonds, they are not traded on the open market, and are sold almost exclusively to individuals. EE…
Want to control how your heirs spend their assets, minimize estate taxes, and possibly avoid probate? Trusts are very flexible tools to accomplish a bunch of wishes. We explain in this week’s Financial Tip.
In today’s Marietta Daily Journal, Bil Lako, CFP®, describes how your time horizon and risk tolerance for investing are intricately linked, and what to do when time horizons change. Read the Article This article is for demonstrative and academic purposes and is meant to provide valuable background information on particular investments, NOT a recommendation to…
Unlike T-Bills, notes, and bonds, U.S. savings bonds are not traded on the open market, and are sold almost exclusively to individuals. Learn more about them in this Financial Tip.
Buying a house? Lenders use formulas based on your gross monthly income, your housing expenses, and your long-term debt to determine how large of a mortgage you qualify for. Read all about it in this Question of the Week.
If you have your money professionally managed, the Tax Cuts and Jobs Act took away the itemized deduction you took for those management fees. Learn more in this week’s Tax Tip.
The holiday-shortened trading day was marked by a significant sell-off in the final hour of trading that left the S&P 500 0.49% lower on the day. Information Technology found its way to the bottom of the sectors, losing 1.37% while the otherwise lackluster Telecommunication Services sector charged ahead, gaining 1.16% on the day.
It was a late afternoon rally in U.S. equities after futures were pressured into the open with the S&P 500 finishing up 0.31%. Participation was broad, but led by Technology.
In today’s Marietta Daily Journal, Bil Lako, CFP®, explains how you can profit from your business, minimize your capital gains, and benefit a charity by creating a charitable trust. Read the Article This article is for demonstrative and academic purposes and is meant to provide valuable background information on particular investments, NOT a recommendation to buy.…
We tease that the Tax Cuts and Jobs Act was the employment act for accountants…it’s funny because it’s true, especially when it comes to choosing your accounting method for businesses. Find out why in this week’s Business Tip.
Indices closed with gains on Thursday. Stocks stepped up on a variety of news. U.S. GDP growth slowed slightly in the first quarter. Real GDP grew 2% versus 2.9% in the fourth quarter and the 2.2% and 2.3% growth reported for the prior two months.
Making one debt payment instead of many may help you keep your debt under better control, but you may end up paying more in interest over time. We explain in this Question of the Week.
Indices closed in red territory on Wednesday. Financial brands led the way lower on the S&P 500 amid continued trade tussling.
Now that the fog of 2017’s taxes are behind you, did you talk to your C.P.A. about 2018? Some significant rules have changed, especially itemized deductions. Better take a look at your taxes now! We explain in this week’s Tax Tip.
IRAs were meant to fund your retirement, so the IRS penalizes you if you withdraw from your account prior to age 59½. Learn the details in this week’s Financial Tip.
Brands such as Boeing and Intel stood out among decliners on Monday. Indices closed in red territory as trade tensions ramped up.
Indices ended mixed on Friday. The Dow and S&P 500 stepped up while the Nasdaq shed some points. On another note, oil prices jumped up after OPEC reached an agreement to increase output.
You might just think invoices are so you can get paid, but your accounting forms also contribute to your business’s image. We explain how you can personalize them in this QuickBooks Tip.
In today’s Marietta Daily Journal, Bil Lako, CFP®, explains the may options of group health care coverage.Recent graduates who are accepting jobs might think that they’ve got an easy ride since their new employer offers a group health plan. Truth is, navigating the options in group health plans can be complicated. Read the Article This…
Stocks traded into red territory on Thursday amid continuing China trade tensions and other economic news. Initial jobless claims decreased last week. Department of Labor details showed new claims fell by 3,000 to 218,000 in the week ended June 16.
When investors think of stocks, they often think of them increasing or decreasing in price. However, some companies share their earnings with shareholders in the form of dividends. Read all about it in this week’s Question of the Week.
Indices ended the session mixed on Wednesday. The Dow closed slightly in the red zone, the S&P 500 rebounded and the Nasdaq traded to a new record level. Moves were mixed on a variety of economic news.
Divorce in your future? Tax reform changed a lot of things, including how alimony is treated on your income tax return. Learn more in this week’s Tax Tip.
Indices closed in the red zone on Tuesday. Boeing, DowDuPont, and Caterpillar led decliners on the Dow. Stocks slipped amid continuing trade tensions.
Love & Marriage: it starts with mapping out your financial future together. Being on the same page is a step to making it a partnership that will last! We explain in this week’s Financial Tip.
Indices closed out the session with mixed moves on Monday. The Dow and S&P 500 shed some points while the Nasdaq ended fractionally in the green. Moves were mixed amid continuing trade tensions between the U.S. and China.
How do you determine if the world of self-employment is a pipe dream or an idea worth pursuing? We list out some advantages and disadvantages in this week’s Business Tip.
In today’s Marietta Daily Journal, Bil Lako, CFP®, explains that money is worth more today than an identical amount in the future because of its potential earning capacity. This is how you balance saving for retirement while you still have debt to pay off. Read the Article This article is for demonstrative and academic purposes and…
Indices ended the trading session mixed on Thursday. The Dow closed fractionally lower while the S&P 500 and Nasdaq added some points. Utilities brands led gains on the S&P 500. Market moves were mixed on a variety of economic news.
Stressed out about your student loans? Take a look at the several income-driven repayment plans offered by the federal government. We explain in this Question of the Week.
Indices ended trading in the red zone on Wednesday. Stocks slipped amid the approval of the AT&T — Time Warner acquisition. The decision impacted brands such as CVS, who tacked on over 3% today, and may clear the path for the $69 billion CVS and Aetna acquisition.
Despite your Social Security benefit coming from a tax on your earnings, once you’re receiving benefits, you may have to pay tax on them! We explain in this week’s Tax Tip.
Indices closed with mixed moves on Tuesday. The Dow ended fractionally in the red while the S&P 500 and Nasdaq stepped up. Market results were mixed following the summit between President Donald Trump and North Korean leader Kim Jong Un.
Confidence in retirement savings is up in 2018, but health care costs and Social Security still remain a concern. Learn more in this week’s Financial Tip.
Indices closed in the green zone on Monday. Brands posted slight gains ahead of the Trump-Kim summit in Singapore.
Indices closed trading with slight gains on Friday. Stocks such as UnitedHealth and Home Depot led advancers on the Dow.
Have you “migrated to the cloud?” No, not your family photos or back up files—your small business accounting! Learn more in this week’s Business Tip.
Indices closed out mixed on Thursday. The Dow ended the session in the green zone. The S&P 500 and Nasdaq shed some points. Energy brands led advancers while technology stocks took a breather.
Is the new-car smell worth it, or do you want someone else to take the depreciation hit? We explain points to consider as you shop for a vehicle in our Question of the Week.
Indices closed with gains on Wednesday. Dow brands led the way up while the Nasdaq hit a new record level for the third straight session.
The Affordable Care Act imposed a “share-responsibility payment” on taxpayers who did not sign up for minimum essential health coverage. This is eliminated in 2019. Read all about it in this week’s Tax Tip.
Indices closed with mixed moves on Tuesday. The Dow ended in the red zone while the S&P 500 and Nasdaq added some points. Michael Kors Holdings stood out among advancers.
Even when most of a married couple’s retirement assets reside in different accounts, it’s still possible to craft a unified retirement strategy. We explain in this week’s Financial Tip.
Indices closed well into the green zone on Monday. Merck, Walmart, and Home Depot led advancers on the Dow. All-time highs from Apple, Amazon, and Microsoft led the Nasdaq up to a new record level. Stocks advanced in the wake of stronger-than-expected payroll additions for May.
Indices ended trading with gains on Friday. Nasdaq brands led the upswing. Stocks stepped up on stronger-than-anticipated monthly employment details.
Tax reform made some sweeping changes to the tax brackets, withholding tables and deductions. You may need to prepare to NOT receive a refund! We explain in this week’s Tax Tip.
Indices landed in the red on Thursday. Procter & Gamble and Caterpillar led decliners on the Dow. Stocks slipped amid news the U.S. plans to impose steel tariffs on Europe, Canada, and Mexico.
If you listen to business news, you’ve surely come across GDP—gross domestic product. Learn why it is such an important economic measure in this week’s Financial Tip.
Indices closed in green territory on Wednesday. Brands rebounded up off Tuesday’s drop. Financials, materials and energy stocks led the upswing on a variety of economic news.
Indices landed in the red zone on Tuesday. Financial brands including Goldman Sachs, J.P. Morgan, Citigroup, and Bank of America led the downswing. Stocks traded lower amid political uncertainty in Italy and a drop in crude oil prices.
Your temporary summer staff may be entitled to employee benefits if they work enough hours for your company. We explain in this week’s Business Tip.
In today’s Marietta Daily Journal, we explain how you can direct the money you’d pay in state income tax to fund rural hospitals in Georgia and get credit for a charitable donation on your federal returns. Read the Article This article is for demonstrative and academic purposes and is meant to provide valuable background information on…
You have a choice: the fraud protection that comes with a credit card, or the money management inherent to a debit card. Pick your plastic! Learn more in our Question of the Week.
Tax reform made a bunch of changes that affect nearly every taxpayer. Learn some of the new rules you need to factor in to your mid-year tax planning in this week’s Tax Tip.
Is your child around 17 years old? Time to have the talk….the talk about the Cost of College, and what it means to borrow money. We explain in this week’s Financial Tip.
Indices ended mixed on Friday. The Dow closed slightly in the green, led up by Boeing and Caterpillar. The S&P 500 and Nasdaq traded fractionally lower. Energy and financial brands dipped.
In todau’s Marietta Daily Journal: Bil Lako, CFP®, explains while we prefer to see companies invest in more innovation, research and development, and new product offerings, that stock buyback programs are not a bad thing. Read the Article This article is for demonstrative and academic purposes and is meant to provide valuable background information on particular…
When valuing a business, the calculations may assume the business will grow at a steady rate forever—and that’s a bold assumption! Read why in this week’s Business Tip.
Brands such as Cisco and Walmart traded lower on Thursday. Stocks dipped amid a variety of economic news. In earnings moves, Walmart shed 2% today in the wake of its quarterly results.
When you bought a computer from the big-box store, did the cashier try to sell you an extended warranty? Find out if it’s worth it in this week’s Question of the Week.
Nike and General Electric led advancers on Wednesday. Stocks stepped up amid a variety of economic news. Crude oil prices slipped. West Texas Intermediate crude shed 0.60% today to settle at $70.89 a barrel.
An individual can protect up to $11.18 million from the generation-skipping transfer tax, but unlike estate tax, it’s not portable between spouses. We explain in this week’s Tax Tip.
Indices closed in the red zone on Tuesday. Healthcare and technology brands led the retreat. Stocks slipped amid trade, growth, and geopolitical stress.
Most people will receive Social Security benefits at some point in their lifetimes, but how much do you know about this important source of income? Take this quiz to learn more.
In todya’s Marietta Daily Journal, Bil Lako, CFP®, explains while we prefer to see companies invest in more innovation, research and development, and new product offerings, that stock buyback programs are not a bad thing. Read the Article This article is for demonstrative and academic purposes and is meant to provide valuable background information on…
Almost every business wants to be paid as soon as possible. For business owners, QuickBooks has tools to help your customers pay easily and on time! Learn more in this QuickBooks Tip.
Indices closed in the green on Thursday. Brands advanced on a variety of economic news. Initial jobless claims held steady.
When you have extra cash on hand, take a look at what your debt is costing you. You might find a use for that cash! We explain in our Question of the Week.
Stocks stepped up on Wednesday. Energy brands such as Chevron and Exxon Mobil posted gains on a jump in crude oil prices.
The tax reform laws increased how much you can save to an ABLE account for individuals who are blind or disabled. We explain in this week’s Tax Tip.
Indices closed with mixed moves on Tuesday. Trading was flat, the Dow and Nasdaq tacked on fractional gains while the S&P 500 shaved a few points.
Despite its reputation, there is little reason for most people to avoid probate. However, be aware that the average process takes six to nine months to complete. Learn more in this Financial Tip.
Indices closed in the green zone on Monday. Technology brands led the advance on a variety of economic news.
Indices closed in the green zone on Friday. Apple gains led a rebounding technology sector.
You need credit but you have no credit, so no one will extend you credit. There are ways out of this vicious cycle that will help you build a good credit history. Learn more in this Question of the Week.
Bil Lako, CFP®, explains how one leading economic indicator doesn’t always mean the economy is doomed. Read more in today’s Marietta Daily Journal. This article is for demonstrative and academic purposes and is meant to provide valuable background information on particular investments, NOT a recommendation to buy. The investments referenced within this article may currently…
Indices ended mixed on Thursday. The Dow rebounded well up from early lows to close with slight gains. The S&P 500 and Nasdaq shed some points.
Being an efficient CEO involves a lot more than just “having a vision” or “barking orders.” Learn the three “P’s” of great leadership in this week’s Business Tip.
Indices closed in red territory on Wednesday. Stocks slipped on the release of commentary from the latest FOMC meeting. The Fed held steady on interest rates, which will remain in a range between 1.5% and 1.75%.
Just because your cryptocurrency is anonymous doesn’t mean you may not owe taxes on your investment or transactions. We explain in this week’s Tax Tip.
Indices ended trading mixed on Tuesday. The Dow closed in the red zone. The S&P 500 and Nasdaq stepped up. Tech brands including Intel, Apple and Microsoft posted gains.
Despite proposals to the contrary, the tax reform law did not radically change the tax breaks for higher education. Read the changes that were made in this week’s Financial Tip.
Indices landed in the red zone on Monday. Stocks such as Boeing and Microsoft traded lower on a variety of economic news.
It’s your money and your financial future you’re watching decline. Bil Lako, CFP®, explains that it’s the actions that you take during that volatility that define you as an investor. Read more in today’s Marietta Daily Journal This article is for demonstrative and academic purposes and is meant to provide valuable background information on particular…
Having to choose between an HMO and a PPO? The differences come down to flexibility and cost. We explain in our Question of the Week.
Section 1031 exchanges, also known as like-kind exchanges, are now limited to real estate. We explain in this week’s Business Tip.
Indices ticked up on Thursday. Technology brands such as Microsoft and Intel jumped up in the wake of favorable quarterly data from Facebook. The social media giant tacked on 10% today after posting stronger-than-anticipated first-quarter earnings and revenue.
Indices ended the session mixed on Wednesday. The Dow added slight gains led up by Boeing. The S&P 500 ticked up while the Nasdaq shed some points.
Are your itemized deductions typically roughly equal to the new standard deduction amount? If so, think about using a tax strategy known as bunching. Learn more in this week’s Tax Tip.
Congratulations to Roger Tutterow, Ph.D., who was appointed as the Henssler Financial Endowed Chair at Kennesaw State University. Read the Article
Indices closed in the red zone on Tuesday. Brands such as Apple, 3M and Caterpillar led decliners amid a variety of economic news.
No matter how you leave your job, you’ll be entitled to your vested 401(k) balance. What you do next with your money has different tax consequences. We explain in this week’s Financial Tip.
Indices closed out mixed on Monday. The Dow and Nasdaq ended the session fractionally lower while the S&P 500 added marginal gains. Trading was fairly flat amid a variety of economic news. Google parent Alphabet reported quarterly details.
U.S. stocks slid into negative territory on Friday, but all three major indices posted gains for the week. Apple lead the declines falling more than 4% after analyst reports suggested smartphone sales could slow in the coming months.
In today’s Marietta Daily Journal, Bil Lako, CFP®, explains that during volatile market movements, you don’t have to change your portfolio, but you do have an opportunity to use volatility to your advantage. Read the Article
“To rent or to own,” that is the question! Each has its advantages. On one hand you have the ease of relocating, on the other, equity! We explain in this week’s Question of the Week.
Consumer Staples stocks tumbled Thursday, pulling the S&P 500 Index lower as investors showed signs of fatigue after three straight days of gains. Investors were jarred by the weak performance of some of the world’s biggest consumer product companies that reported earnings results.
Let’s be clear. Business losses are allowed in 2018. “Excessive business losses” are treated as net operating losses. Learn more in this week’s Business Tip.
Markets closed the day mixed but essentially flat as the Nasdaq Composite (+0.19%) and S&P 500 (+0.08%) inched higher while the Dow Jones Industrial Average (-0.16%) finished slightly lower.
Nine out of 10 taxpayers typically receive refunds in fewer than 21 days when they use e-file with direct deposit. Where is your refund? Learn how to find out in this week’s Tax Tip.
With today’s gains, major indices have closed higher in eight out of the past 11 trading sessions, but volumes have been light, suggesting some investors are remaining on the sidelines as geopolitical tensions simmer.
Did you know your Social Security benefits can be taxable? Yes, if you have significant income as much as 85% of your benefit could be taxable. We explain in this week’s Financial Tip.
Stocks rose broadly on Monday with all eleven sectors finishing the day higher and more than half rising at least 1%. Investors brushed off the multi-national missile strike against Syria, instead devoting their attention toward corporate earnings and economic releases.
Stocks fell on Friday as banks continued the new earnings season with less-than-stellar results. Though headline numbers were strong, the finer details left much to be desired and led to big names such as Wells Fargo, Citigroup, PNC, and JP Morgan falling on the day.
W-2 W-4. Nope, not R2-D2’s cousin. Something much scarier: Tax Forms related to income. Good news is they’re pretty innocuous. We explain the difference in this week’s Question of the Week.
In today’s Marietta Daily Journal, Bil Lako, CFP®, explains why a stock market decline isn’t necessarily a bad thing. Read the Article
Stocks more than recouped Wednesday’s losses with the S&P 500 even turning positive for 2018, leaving just the Dow in negative territory for the year. A calming of geopolitical tensions and the start of earnings season drove investors to buy stocks sending the Dow nearly 300 points higher.
Some of the most common stressors encountered by entrepreneurs involve tax liabilities. We give tips that every entrepreneur needs to know in this week’s Business Tip.
Volatility rules again as stocks change course, falling after yesterday’s gain. With news of military tensions in the Middle East, inflation on the rise and political turmoil in Washington, the stock market gave back some of the gains it garnered yesterday, falling 0.55%.
Don’t have the cash to pay the IRS? You have a few options to pay what you owe. Whatever you do, don’t ignore your tax liability!
When two become one, you need to communicate clearly because the financial decisions that you make now can have a lasting impact on your future. Learn more in this week’s Financial Tip.
U.S. Stocks moved higher Tuesday following comments from Chinese President Xi Jinping that seemed to soothe investor fears of a potential trade war. Speaking at an economic summit, Mr. Xi expressed his commitment to economic liberalization as well as increased protection for intellectual property.
Stocks traded higher throughout much of the day before strong selling in the final hour pared back much of the day’s gains after reports that federal investigators searched the office and home of President Trump’s long-time lawyer, Michael Cohen.
WordPress is an award-winning web software, used by millions of webmasters worldwide for building their website or blog. SiteGround is proud to host this particular WordPress installation and provide users with multiple resources to facilitate the management of their WP websites: WordPress is considered an easy to work with software. Yet, if you are a…
Stocks traded markedly lower on Friday after President Trump asked the U.S. Trade Representative to consider $100 billion worth of additional tariffs on China, while a poor jobs report was also released in the pre-market hours.
Credit cards out of control? If you’re not paying them off every month, we have some tips to help you pay off that balance in our Question of the Week.
In today’s Marietta Daily Journal, Bil Lako, CFP®, explains that just because you don’t have a tax problem because of the $11.21 million estate tax exclusion doesn’t mean you don’t have an estate plan problem. Read the Article
Stocks picked up where they left off Wednesday, posting gains for a third consecutive day Thursday, the first such occurrence in a month.
Entertaining clients is going to get much more expensive for businesses thanks to the Tax Cuts and Jobs Act. Maybe hold off on buying those concert tickets for your client. Read all about it in this week’s Business Tip.
In the overnight session, U.S. indices looked poised for further pain, but staged a notable comeback. China announced retaliatory tariffs against the United States, and the initial reaction saw many industrial heavyweights opening down significantly, with the announced tariffs affecting soybeans, beef, tobacco, and most notably aircraft among other products.
Living and working abroad? The Tax Cuts and Jobs Act still affected you—especially if you have ownership in a foreign corporation. We explain in this week’s Tax Tip.
It was “risk on” again Tuesday as stocks rebounded from Monday’s selloff with all 11 sectors moving higher. For much of the day, stocks teetered between gains and losses before rallying late in the day. The Dow rose almost 400 points or 1.6%, while the S&P 500 and Nasdaq rose 1.3% and 1% respectively.
Unreimbursed business expenses were part of those miscellaneous itemized deductions that were eliminated with tax reform. Will this hurt you? Find out in this week’s Tax Tip.
The first trading day of April was one marked by heavy selling across U.S. equity markets with all major indices off more than 2%. The Nasdaq 100 dipped negative year to date for the first time in 2018, and 10 of 11 S&P sectors are lower on the year.
Where do you even start your retirement budget? Setting a retirement income goal is a good place. We offer four points to consider when setting your goal in this week’s Financial Tip.
Have a home equity line of credit? In today’s Marietta Daily Journal, Bil Lako, CFP®, explains why you should talk to your tax consultant TODAY to understand how it will affect your taxes next year. Read the Artcile
As a small business owner, if you have qualified business income, you may qualify for a nice tax break thanks to the Tax Cuts and Jobs Act. We explain in this week’s Business Tip.
Markets posted a solid finish to close out what was otherwise a volatile first quarter of 2018. A rebound in Technology stocks led major indices higher but it wasn’t enough to pull the Dow and S&P 500 out of negative territory for the first quarter.
The estate tax exclusion for 2018 is $11,180,000 for individuals and $22,400,000 for married couples—and the portability provision is still in place! Learn more in this week’s Estate Planning Tip.
Beginning in 2018 Roth conversions of a Traditional IRA cannot be undone. Once a conversion is made, you will have to live with the tax consequences. Learn more in this Tax Tip.
Indices landed in the red zone on Tuesday. Technology brands including Microsoft, Facebook, Apple, and Amazon led the way lower in turbulent trading.
You’re committed. You’re ready to do it. Let’s create a budget! Uh… where do you start? We have some tips for you in this week’s Financial Tip.
Indices closed with gains on Monday. Technology and financial brands led the way up as trade war concerns eased.
QuickBooks contains tools to help you record the hours employees spend doing work for customers, so you can bill them for services rendered. Learn how in this QuickBooks Tip.
Today’s Marietta Daily Journal: Despite being a conservative investor, Bil Lako, CFP®, takes a look at the phenomenon that is Bitcoin. Read the Article
Indices landed in red territory on Friday. Stocks dipped as potential trade war concerns ramped up. Facebook traded lower for a fifth straight session.
Indices closed in the red zone on Thursday. Stocks such as Caterpillar, 3M, and Boeing dipped after President Trump announced a trade action against China that could be worth $60 billion.
For tax years 2018 through 2025, the Tax Cuts and Jobs Act has suspended the itemized deduction for personal casualty and theft losses—but there is an exception. We explain in this week’s Insurance Tip.
Indices closed fractionally in red territory on Wednesday. Stocks traded marginally lower in the wake of news from the Federal Reserve’s two-day meeting. The FOMC agreed to boost the target range for the Fed funds rate by 25 basis points to 1.5% to 1.75%, as anticipated.
The IRS and the State Department have established procedures for denying passport applications or revoking previously issued passports for taxpayers who have a seriously delinquent tax debt. Read more in this Tax Tip.
Indices closed with gains on Tuesday. Brands such as Nike, Boeing, and Intel advanced on a variety of economic news.
Even though retirement may be 10 years away, you still have your work cut out for you before the big day. Considering these points now will make the transition that much easier. We explain in this week’s Financial Tip.
Concerned about the cost of the Special Counsel investigating Trump? Sean Hannity’s adviser Bil Lako, CFP®, explains who is actually paying for it. Read the Article
Stocks slipped on Monday. Brands such as Caterpillar, DowDuPont, Google, and Facebook traded lower on a variety of economic news. Facebook dipped 6.77% today in the wake of news that as many as 50 million of its users may have had their data compromised.
Indices traded into the green zone on Friday. Walmart and American Express led Dow advancers. Stocks stepped up amid a variety of economic news.
In today’s Marietta Daily Journal, Bil Lako, CFP®, explains when it is and when it isn’t the IRS calling you. Read the Article
If you are a business owner and you are also the chief innovator and top salesman, you may want to consider how this might negatively affect your future. We explain in this Business Tip.
Indices ended trading mixed on Thursday. The Dow stepped up while the S&P 500 and Nasdaq shed some points. UnitedHealth and McDonald’s led advancers on the Dow.
Gene W. Henssler, Ph.D., was recognized by Barron’s Magazine “Top 1,200 Financial Advisors.” Barron’s published their annual state-by-state listing of financial advisors in the March 10, 2018 issue. Coming in at No. 7 this year, Dr. Henssler has made the Georgia list since 2014. See the List Barron’s 2018 “Top 1,200 Financial Advisors” published in…
If you think that your auto insurance costs are higher than normal, there may be some ways to help lower your premiums. We explain in this Insurance Tip.
Indices closed in the red zone on Wednesday. Stocks such as Boeing and DowDuPont dipped on a variety of economic news.
The tax reform law didn’t outlaw business losses. It just limits your losses. Excess losses are treated as a net operating loss (NOL) and carried forward to the next year’s return. We explain in this week’s Tax Tip.
Indices landed in the red zone on Tuesday. Early market momentum faded following news of Secretary of State, Rex Tillerson’s ouster.
They say, “less is more,” and sometimes in retirement, that is true. Downsizing can be a savvy financial move. We explain in this week’s Financial Tip.
Indices closed trading with gains on Friday. Intel, Chevron and Caterpillar led advancers on the Dow while Lam Research and Wynn Resorts stepped up on the S&P 500.
As a business owner, your people are a great investment. Consider keeping your employees healthy and happy with a wellness program. We explain in this week’s Business Tip.
In today’s Marietta Daily Journal, Bil Lako, CFP®, shows the possible impact the Tax Cuts and Jobs Act could have on the tax treatment of alimony payments. Read the Article
Indices stepped up on Thursday. Brands advanced following the release of tariff details. President Trump announced a 25% tariff on imported steel and a 10% levy on non-American aluminum.
Being prepared to weather a storm isn’t just financial advice—it’s actual preparedness for your family and home to withstand power outages, downed trees and flooding. Learn more in this week’s Insurance Tip.
Indices ended trading with mixed moves on Wednesday. The Dow and S&P 500 closed in red territory while the Nasdaq added points. Exxon Mobil, Caterpillar and General Electric led decliners on the Dow.
Tax filing season is here again. If you haven’t done so already, you’ll want to start pulling things together: The filing deadline for most individuals is Tuesday, April 17, 2018. Read more in this week’s Tax Tip.
Indices closed with gains on Tuesday. Brands including General Motors, Netflix and Amazon stepped up on a variety of economic news.
Working in retirement to keep your mind active? Depending on your age, earnings from work may affect the amount of your Social Security benefit. We explain in this week’s Financial Tip.
Indices closed in the green zone on Monday. General Electric, McDonald’s and Caterpillar led advancers on the Dow. Stocks stepped up amid a variety of economic news.
Indices ended trading with mixed moves on Friday. The Dow shed some points. The S&P 500 and Nasdaq stepped up. McDonald’s and Caterpillar led Dow decliners while healthcare brands such as Universal Health Services and Perrigo ramped up.
In today’s Marietta Daily Journal, Bil Lako, CFP®, discusses how the corporate tax cuts in the Tax Cuts and Jobs Act may affect the economy. Read the Article
Small businesses have several options for deducting the purchase of equipment on their taxes. Which one do you choose? Depends on how big of a deduction is needed, and when. We explain in this week’s Business Tip.
Indices closed in red territory on Thursday. Stocks slipped amid investor concern over new steel and aluminum tariffs announced by President Trump. Steel brands on the other hand, including U.S. Steel and AK Steel Holding, gained on the news.
Settling an estate can be a difficult and time-consuming job that could take several months to more than a year to complete. Learn all about it in this Estate Planning Tip.
Those who track mileage for work will be glad to know the IRS adjusted the 2018 standard mileage rate for inflation. Read more in this week’s Tax Tip.
Stocks ended trading in the red zone on Wednesday. Caterpillar led decliners on the Dow amid a variety of economic news. Fourth-quarter gross domestic product was revised.
Indices traded into the red zone on Tuesday. Walt Disney and Nike led decliners on the Dow. Stocks dipped on a variety of economic news.
The Office of Financial Readiness now offers a new military retirement system that blends a defined benefit annuity with a defined contribution plan. Read all about it in this week’s Financial Tip.
Indices closed with gains on Friday. Technology brands including Intel, Microsoft, Hewlett-Packard and IBM stepped up. Stocks rallied on a variety of economic news.
In today’s Marietta Daily Journal, Bil Lako, CFP®, explains the changes the Tax Cuts and Jobs Act made to Alternative Minimum Tax. Read the Article
Business owners: Read nine key ways to create an effective budget that can spur and guide the growth of your company in this week’s Business Tip.
Medical advances increase the chances that you will survive a serious illness that in the past may have killed you. But what are your chances of surviving financially, as well? Learn more in this week’s Insurance Tip.
Indices ended trading in the red zone on Wednesday. Walmart stood out among decliners. Brands initially stepped up but momentum quickly faded following the release of minutes from the Federal Reserve’s January meeting.
With the Tax Cuts and Jobs Act, Congress has yanked the rug out from under those with equity debt on their homes. (It’s no longer deductible!) We explain in this week’s Tax Tip.
Indices closed in red territory on Tuesday. Walmart led decliners on the Dow. Tech sector brands advanced, lessening the Nasdaq’s downswing. Stocks rebounded somewhat off early lows.
If you are subject to AMT, you may see your AMT calculations more closely resemble your standard tax liability calculations because of the changes to how your standard tax liability is calculated and the higher exemptions for AMT. Read the Article on Sean Hannity’s website This article is for demonstrative and academic purposes and is…
Roth IRAs and 529 plans have a similar tax modus operandi: both are funded with after-tax dollars and contributions accumulate tax deferred. But should you use a Roth IRA to save money for college? We explain in this week’s Financial Tip.
Indices closed with mixed moves on Friday. The Dow and S&P 500 posted slight gains while the Nasdaq shed some points. Trading was mixed on a variety of economic news.
Are you considering buying a business? Make sure you do your due diligence by looking at the value of the intangible assets. Learn more in this Business Tip.
In today’s Marietta Daily Journal, Bil Lako, CFP®, explains that personal casualty losses are no longer deductible unless it is the result of a presidentially declared disaster for tax years beginning in 2018. Read the Article
The best time to plan for your parents’ aging is when they are relatively healthy; otherwise, you may find yourself making critical decisions on their behalf during a crisis. We explain in this week’s Estate Planning Tip.
Indices closed with gains on Thursday. The Dow, S&P 500 and Nasdaq stepped up for the fifth straight session. Brands such as Boeing, Cisco Systems and Apple led advancers on the Dow. Stocks gained on a variety of economic news.
Indices landed in the green zone on Wednesday. The Dow rebounded from early session lows. Brands such as Nike, Cisco Systems, and JPMorgan Chase stepped up. Stocks gained on a variety of economic news.
Those with substantial medical bills will be delighted to learn that medical deductions were retained in the Tax Cuts and Jobs Act, and the AGI floor was lowered to 7.5% for 2017 and 2018. We explain in this week’s Tax Tip.
Indices closed with slight gains on Tuesday. The Dow ended in the green zone, rebounding up off early low levels. Brands such as GNC Holdings, Under Armour, and AmerisourceBergen led advancers.
Bil Lako, CFP®, Sean Hannity’s financial expert, explains why a pullback in the stock market is a good opportunity for investors. Read the Article
The equity in your home could be one of your largest assets, especially if your mortgage has been paid down over the years or paid off. We explain in this week’s Financial Tip.
Indices closed in green territory on Monday. Brands such as Apple, Boeing, and American Express led advancers.
Indices closed with gains on Friday. The Dow added 330 points in a late afternoon rally as brands rebounded from early lows.
The Tax Cuts and Jobs Act made some significant changes for businesses, including lower corporate tax rates, provisions for pass-through entities, expanded Section 179 expensing and bonus depreciations, and provisions for foreign income. We explain in this week’s Business Tip.
In Today’s Marietta Daily Journal, Bil Lako, CFP®, explains the changes to the Kiddie Tax that discourages parents from shifting income-producing assets to a child. Read the Article
Indices closed considerably lower on Thursday. Industrials, financials and technology brands led decliners. The Dow and S&P 500 entered correction territory as concerns of rising interest rates and volatility impacted markets.
With the late passage of the Tax Cuts and Jobs Act, the IRS is scrambling to update withholding tables for employers. Keep an eye on your net pay. If the change is too radical you could end up owing tax. We explain in this week’s Tax Tip.
Indices landed in green territory on Tuesday. Brands such as Home Depot and DowDuPont led advancers on the Dow while companies such as Travelers and Exxon Mobil traded lower. Stocks rebounded on a variety of economic news.
529 Plan account owners can now transfer funds without federal tax consequences from a 529 plan to an ABLE account, a tax-advantaged account for disability-related expenses for individuals who become blind or disabled before age 26. We explain in this week’s Financial Tip.
Indices closed well into red territory on Monday. Exxon Mobil led the Dow’s 4.6% downswing on a drop in oil prices.
Indices closed trading considerably lower on Friday. The Dow dropped 666 points. Energy and technology stocks led the downswing. Brands such as Apple, Alphabet and Intel sold off despite the release of respectable employment data for January.
In today’s Marietta Daily Journal, Bil Lako, CFP® explains how businesses can upgrade their equipment and take a much larger tax write-off in 2018. Read the Article
Indices closed out with mixed moves on Thursday. The Dow stepped up while the S&P 500 and Nasdaq shed some points ahead of earnings from tech titans such as Apple, Alphabet, and Amazon.
As an entrepreneur, there’s nothing as exciting as opening the doors for the first time. Before the grand opening, here are few steps you need to do first. We explain in this week’s Business Tip.
Associate Malik Lee, CFP®, shares our fundamental investment philosophy, “the Ten Year Rule” with the Wall Street Journal. Read the Article
Indices rebounded up off back-to-back downswings on Wednesday. Stocks stepped up on a variety of economic news. Facebook declined in post-session trading despite the release of better-than-expected earnings and revenue estimates for the fourth quarter.
Not all long-term care recipients need a nursing home. Some may do just fine in an in-law suite, an assisted living facility or with a home health aide. We explain options in this week’s Insurance Tip.
Indices closed the session in red territory on Tuesday. 3M, Boeing, United Health and McDonald’s traded lower on the Dow. Meanwhile, crude oil took a breather. West Texas Intermediate crude dipped 1.85% today to settle at $64.35 a barrel. Energy brands such as Chevron and Exxon Mobil slipped on the news.
In retirement, your paychecks stop, but inflation can keep rising; therefore, your portfolio needs to maintain at least some growth potential. We explain in this week’s Financial Tip.
Indices closed in the red zone on Monday. Caterpillar and Apple led Dow decliners while utilities and energy sector brands lagged on the S&P 500.
Indices landed in new record territory on Friday. Brands stepped up on a variety of economic news. Intel tacked on 9.5% today after posting better-than-expected fourth-quarter earnings and revenue.
Henssler Associate Peter Lynch, explains the power of compounding interest on your retirement and overall finances. hensslervideo_personal_finance
If companies with intangible assets are being valued like the average industry participant, they may be undervalued. We explain in this week’s Business Tip.
With more than 70 private schools in Cobb County, Bil Lako, CFP®, explains how you can now use 529 Plan assets for tuition. Read the Article in today’s Marietta Daily Journal
Indices closed Thursday’s trading with mixed results. The Dow and S&P 500 moved up to new all-time heights while the Nasdaq ended fractionally in the red for the day. Brands such as 3M, Goldman Sachs, Boeing and United Technologies advanced on a variety of news.
If you own a business, offering group disability is an attractive benefit for your employees since the cost of group coverage is often less expensive than the cost of individual coverage. We explain in this week’s Insurance Tip.
Left with damage after Harvey, Irma, José, and Katia left? You may be able to deduct your casualty loss on your 2017 tax return. Learn more in this week’s Tax Tip.
Indices ended trading with mixed moves on Wednesday. The Dow closed at a new record level while the S&P 500 and Nasdaq shed some points. In earnings moves, General Electric reported fourth-quarter profit of 27 cents a share, two cents shy of forecasts.
Do you believe money is bad? Or that money makes the man? Maybe you believe that with money comes great power. How you view money influences your financial success. We explain in this week’s Financial Tip.
Indices closed with mixed moves on Tuesday. The Dow ended the trading session fractionally in the red. The S&P 500 and Nasdaq hit new record levels. Travelers and General Electric led advancers while Johnson & Johnson and Procter & Gamble lagged.
Indices closed in new record territory on Monday. Stocks stepped up as the Senate arrived at a deal to resume full government activity. Energy sector brands traded up to a 52-week peak level.
Indices closed with slight gains on Friday. The Dow added points while the S&P 500 and Nasdaq both ended trading at new record highs. Investors proceeded with caution amid concern of a potential federal government shutdown.
Does your accounting to-do list look like a clean slate, or are critical 2017 tasks still nagging? We share five reports you should run in January in this QuickBooks Tip.
In today’s Marietta Daily Journal, Bil Lako, CFP® explains how the loss of personal exemptions may affect families. Read the Article
Indices closed in the red zone on Thursday. Boeing led decliners on the Dow while Wal-Mart led advancers. Meanwhile, Morgan Stanley and BB&T Corp. stepped up after reporting better-than-expected quarterly details.
There are many factors to consider when you are planning for the potential for incapacity, even when you have substantial financial resources available for your long-term care. We explain this this Estate Planning Tip.
Indices ended trading at new record highs on Wednesday. The Dow closed above 26,000 for the first time.
If you schlep people around town as part of a ride-sharing service, you are considered self-employed and have a unique tax situation that warrants attention! We explain in this week’s Tax Tip.
Indices landed slightly to the red side on Tuesday. The Dow jumped above 26,000 for the first time before retreating for the session.
Bil Lako, CFP®, explains while everyone lost personal exemptions, many more taxpayers gained the child tax credit. Read the Article on Sean Hannity’s Website
Roughly 1.2 million baby boomers will retire this year. And next year. And the year after that, and so on. We take a look at what that may mean for our economy in this week’s Financial Tip.
QuickBooks Online does more than simply download financial transactions: It lets you define them in greater detail. We explain in this QuickBooks Tip.
Indices closed at new record levels on Friday. Stocks including Travelers, Merck, and Boeing led Dow advancers on a variety of economic news.
In today’s Marietta Daily Journal, Bil Lako, CFP®, explains how going forward, Traditional to Roth IRA conversions are a permanent decision for investors. Read the Article
Marriage, separation, divorce or widowed: Those are all highly emotional relationship events, and the last thing on your mind is probably your tax filing status. We explain what you need to know in this week’s Tax Tip.
Indices closed at all-time record levels on Thursday. Brands such as Chevron, General Electric, Caterpillar, and Boeing led the Dow’s ascent.
Indices closed in the red on Wednesday. Brands such as Intel and DowDuPont traded lower while General Electric and JPMorgan Chase led advancers.
There are many reasons to refinance your home besides getting a lower interest rate. We explore the reasons in this week’s Financial Tip.
Indices closed at new record levels on Tuesday. Johnson & Johnson and Boeing led advancers on the Dow.
You heard the headline that “service businesses” weren’t eligible for a 20% deduction on pass-through income, however, you can still get the deduction if your joint taxable income is less than $315,000. We explain in this Business Tip.
The S&P 500 and Nasdaq traded up to new record highs on Monday. The Dow closed fractionally lower for the session.
In today’s Marietta Daily Journal, Bil Lako, CFP®, explains that some “specified service or trade businesses” can still qualify for the 20% deduction on qualified business income. Read the Article
The Dow closed well over the 25K mark on Thursday. The S&P 500 and Nasdaq also traded up to new all-time highs. Brands such as International Business Machines and DowDuPont led advancers on the Dow. Stocks gained on a variety of economic news.
Not all loan interest is the same! The rules for deducting interest on your taxes depend on whether the loan proceeds are used for personal, investment, or business activities. We explain in this week’s Tax Tip.
Indices closed well into green territory on Wednesday. Technology brands led the Dow, S&P 500 and Nasdaq to new all-time record levels. Stocks stepped up on a variety of economic news.
Compounding happens when you earn returns on your invested money and then you reinvest your returns so that money can also earn returns. It seems magical the longer you let it ride! Learn more in this week’s Financial Tip.
Indices landed in the green zone on Tuesday. The S&P 500 and Nasdaq closed at new record highs while brands such as General Electric, Apple, and Chevron led advancers on the Dow.
Hannity finance expert and Principal of Henssler Financial, Bil Lako, CFP®, weighs in on the new tax bill. Read the Article
Indices closed in the red zone on Friday. Stocks including Apple, Amazon, and Goldman Sachs slipped on the final trading day of 2017.
Employers who misclassify workers as independent contractors can end up with substantial tax bills
and face penalties for failing to pay employment taxes and not filing the required tax forms. Read more in this week’s Business Tip.
In today’s Marietta Daily Journal, Bil Lako, CFP®, delves into the 20% deduction for pass-through businesses. Read the Article
Smokers may be tempted to make false statements on life insurance applications to ensure acceptance or lower premiums. Doing so may result in policy termination or refusal to pay claims. We explain in this week’s Insurance Tip.
Indices closed trading with gains on Thursday. The Dow hit an all-time record level for the 71st time this year, led higher by UnitedHealth and Caterpillar.
There are far more issues related to gambling than you might imagine, and they may be impacting your taxes more than you know. We explain in this week’s Tax Tip.
Indices closed in green territory on Wednesday. Stocks stepped up in late afternoon trading. Healthcare and technology stocks led advancers while energy brands dipped on a decline in the price of crude oil.
The amount of risk in your portfolio should reflect your ability to endure periods of market
volatility, both financially and emotionally. Learn what questions to ask yourself in this week’s Financial Tip.
Indices closed slightly in the red zone on Friday. Brands including Nike, UnitedHealth Group, and JPMorgan Chase shed some points. Indices were up for the week but down for the session on a variety of economic news.
In today’s Marietta Daily Journal, Bil Lako, CFP®, delves into the Tax Reform Bill and how to navigate going forward. Read the Article
When a closely held business is involved, it can be challenging for parents to achieve a distribution of their assets that is equitable. Learn why in this week’s Business Tip.
A 2% cost-of-living increase for 2018 Social Security benefits will cause more people to pay higher monthly Medicare Part B premiums. Learn more in this week’s Insurance Tip.
Indices closed trading with gains on Thursday. Financial and energy brands led the advance. Stocks such as Goldman Sachs and Chevron stepped up on tax cut optimism.
Indices closed slightly in the red on Wednesday. Market moves were mixed as the Republican tax overhaul passed its final vote. Meanwhile, existing-home sales jumped up in November.
There are many tax-related issues that could apply to the sale of a home. Don’t be surprised
by the home-sale gain exclusion. Read all about it in this week’s Tax tip.
Indices landed in the red zone on Tuesday. The Dow dipped on news of the House of Representatives passage of GOP tax legislation. Meanwhile, Apple pressured tech sector moves.
We all dream about winning Power Ball, but a significant financial windfall is not as simple as deciding how to spend the money. We explain in this week’s Financial Tip.
Major indices closed trading at all-time record levels on Friday. Technology and financial stocks led the advance. Brands including Microsoft, Intel, and JPMorgan Chase posted gains.
In today’s Marietta Daily Journal: Bil Lako, CFP®, had a chance to interview Shari Martin from the Cobb Community Foundation on how they assist philanthropic individuals, families, businesses and organizations with donor-advised funds. Read the Article
If your business is online—let’s face it, most business are—you’re not immune to a data breach. Protect your customer data not only with a firewall but a cyber insurance policy as well. Learn more in this week’s Business Tip.
Indices closed in the red zone on Thursday. Early market momentum faded as the session progressed. Stocks slipped on a variety of economic news. Initial jobless claims decreased last week.
We warned you! Tax laws do change, and we’re approaching what could be a BIG change. Thankfully there is still time and moves to make that may reduce your 2017 tax bill. Read all about it in this week’s Tax Tip.
Indices closed out mildly mixed on Wednesday. The Dow and Nasdaq posted gains on policy commentary from the Federal Reserve meeting while the S&P 500 landed slightly in the red zone. As anticipated, the Federal Open Market Committee lifted the target range for the fed funds rate by 25 basis points to 1.25% to 1.5%.
Baby boomers are turning 70½ at a fast clip—about 10,000 per day! If you’re a baby boomer, it’s time to take required minimum distributions seriously because penalties are steep!
Indices ended trading with mixed moves on Tuesday. The Dow and S&P 500 closed at new record highs for the third straight session while the Nasdaq shed some points. Telecom and financial brands led the way up on a variety of economic news.
Indices closed with gains on Monday. The Dow and S&P 500 hit new record levels. Technology and energy brands led advancers. Apple tacked on nearly 2% today after announcing plans to acquire music ID app Shazam.
Indices closed at new record heights on Friday. Brands such as Microsoft and Electronic Arts ticked up on stronger-than-expected jobs data for November. Department of Labor figures showed U.S. employers added 228,000 jobs last month. The results exceeded estimates of 190,000.
Key Performance Indicators help business owners know how their company is performing, and they can be used as a guiding point for every decision made within the company. We explain in this week’s Business Tip.
In todya’s Marietta Daily Journal, Bil Lako, CFP®, explains how you have to understand what you’re protecting before you buy a souped-up insurance policy to cover it. Spoiler Alert: It starts with your financial plan! Read the Article
Indices closed with gains on Thursday. Technology brands such as Facebook, Alphabet, and Apple advanced on a variety of economic news.
If you find that you still have money left over in your FSA as the end of the year approaches, there are a number of ways to spend down your account balance. We explain in this week’s Insurance Tip.
Indices traded with mixed moves on Wednesday. The Dow closed in the red. The S&P 500 ended the session fractionally lower and the Nasdaq posted slight gains on a rebound in technology brands.
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.
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.
Indices closed in the red zone on Tuesday. Early market momentum faded in afternoon trading. Technology brands including Facebook, Snap and Alphabet ticked up while Walt Disney and AT&T shed some points.
Indices ended trading in red territory on Friday. Stocks rebounded up off session lows to close in the red zone for the day. Technology brands such as Apple, Facebook, and Alphabet sold off. Meanwhile, energy sector brands including Exxon Mobil and Schlumberger ticked up on a jump in crude oil prices.
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. Read the Article
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.
Indices ended trading in the green zone on Thursday. The Dow closed above 24,000 for the first time and the S&P 500 climbed to a new record level. Technology brands including Facebook, Apple, and Microsoft rebounded from Wednesday’s dip. Meanwhile, crude oil prices ticked up on OPEC news.
The Dow closed at a new record peak on Wednesday while the Nasdaq and S&P 500 shed some points. Financial shares led advancers while technology brands sold off. Moves were mixed on a variety of economic news.
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.
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.
Indices closed at new record levels on Tuesday. Stocks stepped up on news of progress in the GOP tax bill. Meanwhile, consumer confidence was up in November.
Indices closed with mixed results on Monday. The Dow posted gains while the S&P 500 and Nasdaq shed some points. Moves were mixed on a variety of economic news. Amazon tacked on 0.83% in the wake of Cyber Monday.
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.
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. Read the Article
While it is included in many health care plans, you may be able to buy a separate prescription drug plan, especially if you spend a lot of money on your medications. We explain in this week’s Insurance Tip.
It’s almost year-end! If you want to improve your tax situation for 2017, learn 10 potential tax moves in this week’s Tax Tip.
The Social Security Administration has stopped mailing Social Security Statements to individuals under age 60, but you can get your statement online. Learn more in this week’s Financial Tip.
The reality is that each week there is another high-profile story like the incidents at Equifax, Target, and Yahoo. Unfortunately, there are many more that never make the headlines. The fact is business is online these days, from receiving eStatements from Schwab to buying your movie tickets for Friday night. One thing is clear: You…
Before you spend sleepless nights crunching numbers for your business, understand the basics of bookkeeping. Learn more in this Business Tip.
In today’s Marietta Daily Journal, Bil Lako, CFP®, explains why it is essential to pass family assets to the heirs in a specific way, but to also educate the heirs on how to protect their inheritance moving forward. Read the Article
Not all proceeds from a life insurance policy qualify for favorable tax treatment. We explain in this week’s Insurance Tip.
Indices closed in red territory on Wednesday. Energy brands such as Marathon Petroleum, Exxon Mobil, and ConocoPhillips traded lower on a slip in crude oil prices.
Is a reverse mortgage too good to be true? It really depends. The devil is in the details. We explain in this week’s Tax Tip.
Indices ended trading in red territory on Tuesday. Brands such as Apple and General Electric dipped amid a variety of economic news.
If a sharknado struck your home tomorrow, would you lose all of your important documents? Learn what to do in this week’s Financial Tip.
Indices closed with slight gains on Monday. Walmart and Procter & Gamble led consumer-discretionary advancers on the Dow amid a variety of economic news.
Indices ended trading mixed on Friday. The Dow and S&P 500 closed in the red zone while the Nasdaq ticked up slightly. Moves were mixed on a variety of economic news.
In today’s Marietta Daily Journal, Bil Lako, CFP®, discusses some critical estate planning documents that you’ll need if ever incapacitated. Read the Article
QuickBooks statements provide an overview of every transaction that has occurred during a specified period of time. Learn more in this QuickBooks Tip.
Indices landed in red territory on Thursday. Technology brands including Alphabet, Microsoft, Facebook, and Intel traded lower.
Health Insurance is complicated. We break down the basics and explain some terms you’ll encounter in this week’s Insurance Tip.
Indices closed at new heights on Wednesday. Small gains led to record highs for the Dow, S&P 500 and Nasdaq. A jump among technology brands bolstered a dip in financials.
We all appreciate the sacrifices the military makes, even the IRS. Service members are eligible for some tax breaks. We explain in this week’s Tax Tip.
A spouse’s death can be overwhelming. It’s important to take certain steps to move on financially. We explain in this week’s Financial Tip.
Indices landed in new record territory on Monday. Energy stocks ramped up amid an increase in crude oil prices.
Hiring a disadvantaged individual can be a win-win situation thanks to the Work Opportunity Tax Credit.
In today’s Marietta Daily Journal, Bil Lako, CFP®, explains insuring your most valuable asset: your ability to earn a living. Read the Article
Individuals seeking coverage through the Health Insurance Marketplace have a shortened window to enroll in a plan. Learn more in this week’s Insurance Tip.
Indices closed out mixed on Wednesday. The Dow and S&P 500 stepped up while the Nasdaq shed some points. Moves were mixed in the wake of comments from the Federal Open Market Committee’s two-day meeting.
Headed to the casino? Remember, the tax code requires all gambling winnings to be reported. We explain in this week’s Tax Tip.
Did you know you can borrow too much money for college? Learn the general guidelines for borrowing in this week’s Financial Tip.
Indices closed in the red zone on Monday. Merck led decliners while Apple led advancers. Other healthcare brands such as Johnson & Johnson, Pfizer, and Amgen traded lower as well. Meanwhile, Apple tacked on 2.30% today following news of strong demand for the iPhone X.
The Henssler Staff collected diapers for the Ninth Annual Cobb County Diaper Day held at Glover Park in the Marietta Square. Employees maximized their purchases, finding deals online and in stores to donate a total of 4,737 diapers.
Indices closed with gains on Friday. Technology brands such as Alphabet, Amazon, and Microsoft led Nasdaq advancers in the wake of favorable earnings details.
Henssler Associate Malik Lee, CFP®, helps explain how to improve your credit score. Read the Article
Your business’s cash flow is essential to your long-term success. Read tips on how to enhance it in this week’s Business Tip.
In today’s Marietta Daily Journal, Bil Lako, CFP®, shares information on recouping your losses if you were affected by hurricanes. Read the Article
Our “Marathon Month” helped employees stay active and generated more than $1,500 for The Center for Family Resources. Read the Article
Indices closed with mixed moves on Thursday. The Dow and S&P 500 traded into the green zone while the Nasdaq shed some points. Brands such as DowDuPont and Nike posted gains on a variety of economic news.
“It won’t happen to me” Fact: You’re more likely to become disabled than you realize. Disability insurance can help. We explain how in this week’s Insurance Tip.
Indices closed in the red zone on Wednesday. Boeing led decliners on the Dow. Brands such as Chipotle and Advanced Micro Devices fell following the release of less-than-stellar earnings details.
If you are donating a substantial amount of property or items to a charity, an appraisal may be required. Read all about it in this week’s Tax Tip.
Caterpillar and 3M gains led the Dow to a new record close on Tuesday. Both companies moved up on favorable quarterly details.
A Will is so much more than a list of who gets what when you’re gone. Learn what it can do in this week’s Financial Tip.
Indices closed in red territory on Monday. Technology brands including Facebook, Amazon, and Netflix sold off. General Electric led decliners on the Dow.
Indices ended trading at new record levels on Friday. The Dow and S&P 500 have posted six straight weeks of gains. Industrial brands led the ascent.
In today’s Marietta Daily Journal, Bil Lako, CFP®, highlights some financial issues that may arise when one spouse retires early. Read the Article
QuickBooks provides numerous ways to learn about your company’s health. Income Tracker is one of the most effective. We explain in this QuickBooks Tip.
Celebrated for their outstanding work, seven associates from Henssler Financial received the 2017 Five Star Wealth Manager award by Five Star Professional. The list of winners published in the October issue of Atlanta Magazine.
If your apartment burns down, your landlord’s insurance only covers the structure, not your stuff! We explain in this week’s Insurance Tip.
Indices ended trading at record high levels on Wednesday. The Dow closed above 23,000 for the first time on a variety of economic news. IBM tacked on 9% today following the release of better-than-expected third-quarter details late Tuesday.
Henssler challenges staff to Marathon Month with proceeds going to The Center for Family Resources.
If you volunteered for a charity in the aftermath of Hurricane Harvey or Irma, you may qualify for some tax breaks. Learn more in this week’s Tax Tip.
The Dow and S&P 500 closed at new record levels on Tuesday. Healthcare brands such as UnitedHeath Group and Johnson & Johnson posted gains following the release of quarterly details.
If you can’t max out your 401(k), you should at least try to contribute up to the limit your employer will match. Learn why in this week’s Financial Tip.
Indices closed Monday’s session at new record heights. Apple led Dow advancers. Energy brands such as Chevron, Exxon Mobil, and ConocoPhillips posted gains on a jump in crude oil prices.
Indices traded into green territory on Friday. Brands posted slight gains on a variety of economic news. Consumer prices ticked up in September.
In today’s Marietta Daily Journal, Bil Lako, CFP® explains how the decision to take Social Security comes back to your financial plan. Read the Article
In many cases, an individual 401(k) plan may offer a better combination of benefits than SEP or SIMPLE plans. Learn more in this week’s Business Tip.
Indices closed in the red zone on Thursday. Financial and energy brands traded lower on earnings details and a slide in crude oil.
Check out your hurricane relief charities before you donate! Fraudsters will solicit on behalf of a fake charity. We explain in this special Tax Tip.
Indices ended the session at new record heights on Wednesday. Consumer staples brands including Johnson & Johnson, Kroger, and Colgate-Palmolive led advancers. Stocks stepped up following the release of minutes from the September Federal Reserve meeting.
If you were a victim of the recent hurricanes, you may be able to recoup some of your loss through a tax deduction. We explain in this week’s Tax Tip.
Stocks closed the trading session with gains on Tuesday. The Dow hit a new record level, led up by Walmart. Other consumer brands such as Target, Costco Wholesale, and Kroger stepped up as well.
You just came into some money. Do you save for retirement or pay down debt? It’s a common quandary many face. Learn strategies in this week’s Financial Tip.
In today’s Marietta Daily Journal, Bil Lako, CFP®, explains the cost of capital for your business. Read the Article
Stocks stepped up to new record highs on Thursday. Consumer staples brands led gains amid a variety of economic news. Weekly jobless claims declined last week.
Indices closed at record level heights on Wednesday. Stocks stepped up on a variety of economic news. Services industry activity jumped up in September.
Medicare open enrollment begins October 15. Changes you make now take effect January 1, 2018. Learn more on this week’s Insurance Tip.
Indices traded up to new record heights on Tuesday. Consumer brands including Walmart, Procter & Gamble, and Anheuser-Busch posted gains. On another note, U.S. automakers reported stronger-than-anticipated sales for September.
Indices closed in green territory on Monday. Brands such as Goldman Sachs and Walt Disney led advancers on the Dow. Health care stocks including Johnson & Johnson, UnitedHealth Group, and Merck stepped up as well. Brands gained amid a variety of economic news.
Indices ended trading in the green zone on Friday. Stocks posted gains on a variety of economic news. Personal income took a breather in August.
In today’s Marietta Daily Journal: With so much online these days, Bil Lako, CFP® explains how to you protect your information. Read the Article
The IRS provides tax incentives for businesses that produce their goods and services domestically. Learn more in this week’s Business Tip.
Indices closed with gains on Thursday. Brands such as McDonald’s, Home Depot and Coca-Cola led Dow advancers. Stocks stepped up on a variety of economic news.