Trust Basics
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 the News: You can accept risk when you have time, but what happens when time changes?
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.
How much house can I afford?
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.
So Long To The Tax Deduction For Investment Expenses
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.
In the News: Creating a Philanthropic Legacy with an Income Stream for You
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.
Choosing Your Accounting Method Under New Tax Laws
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.
Will debt consolidation hurt or help my credit rating?
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.
Preparing Taxes for 2018 and Beyond
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.
Distributions from Traditional IRAs: Prior to Age 59½
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.
QuickBooks Tip: Customizing QuickBooks’ Forms
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.