Tax Consequences of Losing Your Job
If you have lost your job, there are a number of tax issues you may encounter. How you deal with these issues can profoundly impact your taxes and finances.
In the News: Financial plan adjustments during a forced retirement
In the Marietta Daily Journal, Bil Lako, CFP®, explains how the life curveball of a forced retirement is not unique to our current environment. An employer may downsize or be sold, health could change, or you could lose career opportunities to younger employees.
Seven Experts from Henssler Financial Named to Atlanta’s Five Star Wealth Manager List
OCTOBER 2020. KENNESAW, Ga.— Recognized for their outstanding service, seven financial professionals from Henssler Financial were named to the 2020 Atlanta Five Star Wealth Manager list by Five Star Professional. The list of winners published in the October 2020 issue of Atlanta Magazine. Gene W. Henssler, Ph.D., William G. Lako, Jr., CFP®; Jennifer J. Thomas,…
Deducting Health Insurance: Special Rule for Self-Employed Taxpayers
Are you self-employed? You may be able to deduct 100% of the insurance premiums paid at the end of the year without itemizing deductions.
Student Loan Relief Extended Through End of 2020
Federal student loan relief was extended through December 31, 2020. Additionally, no interest will accumulate on the loans — the interest rate will remain at 0% through 2020.
Is a Living Trust Appropriate for You?
You have probably heard others discussing living trusts but may not understand the reasons for them or whether you should have one.
Planning Priorities: Refinancing in Today’s Low Interest Rate Environment
Senior Associate Jarrett McKenzie, CFP®, CWS®, explores some of the opportunities today’s low interest rate environment offers homeowners.
Financial Plan Adjustments During a Forced Retirement
The Money Talks” hosts provide planning advice for a couple where COVID-19 layoffs forced one spouse into early retirement. While they can make it work on one salary, they have realized her retirement might last 30 years.
SBA Issues a Simplified PPP Loan-Forgiveness Application
The original PPP loan forgiveness application practically required an accounting degree to figure it out. We explain the SBA’s new simplified form: SBA Form 3508EZ.
In the News: Determining your retirement withdrawal rate
In the Marietta Daily Journal, Bil Lako, CFP®, recommends calculating your retirement withdrawals based on your liquidity needs, not your age or some other market factor.