Gambling Income and Losses
Gambling winnings are reported as income, while gambling losses are deducted on Schedule A. If you scored big at the casino, read this week’s Tax Tip.
Investor, Know Thyself: How Your Biases Can Affect Investment Decisions
Over the past few decades, a field has emerged that examines how human psychological factors influence economic and financial decisions. Understanding these biases may help you avoid questionable calls in the heat of the financial moment.
Affect Your Taxes with Gains, Losses
Bil Lako, CFP®, explains how recognizing your capital losses may improve your tax situation. Read the Article in Today’s Marietta Daily Journal
NQDC Plans: Funding Options
Business owners have several options when funding nonqualified deferred compensation plans. Learn all about it in this week’s Business Tip.
Commercial General Liability (CGL)
Who can be covered by a commercial general liability policy depends on the type of business. Learn what we mean in this week’s Insurance Tip.
Getting Around the Kiddie Tax
Saving for your children’s education in their name? Don’t be deterred by the Kiddie Tax. Read more in this week’s Tax Tip.
IRA and Retirement Plan Limits for 2015
The income limits for deductible traditional IRA contributions has increased for 2015. Learn more in this Financial Tip.
In the News: What if You Lived? A Horror Story
In this week’s Marietta Daily Journal, Bil Lako, CFP® discusses how you might have an emergency fund that will get you through a crisis. Financially, you’re prepared … but are you really?
Open Enrollment Season Is Here: Give Your Benefits a Check Up
It’s open enrollment season for most employer-provided health care plans. Learn how to evaluate your options in this week’s Insurance Tip.
Charity Purchases and Auctions
Won an item at a charity auction? Only part of your winning bid may be tax deductible. Read more in this Tax Tip.