Taking Advantage of Back-door Roth IRAs
High-income earners can still fund a Roth IRA because there are no income limits for traditional IRA conversions. We explain in this week’s Tax Tip.
Is it possible to name a charity as the beneficiary of my life insurance policy?
If you’re charitably inclined, you can use life insurance to benefit your favorite non-profit. Read all about it in this week’s Insurance Tip.
Hobbies and Income Tax
Make a few bucks on the side doing what you love? The tax treatment of hobbies is quite different than a business. We explain in this week’s Tax Tip.
Pretax, Roth or After-Tax Contributions: Which Should You Choose?
Saving for retirement is key, but should you save pretax or after-tax dollars? We explain in this week’s Financial Tip.
Tax Loss Harvesting: More than Just Selling the Losers
In today’s Marietta Daily Journal, Bil Lako, CFP® explains the risks to tax loss harvesting and why you need an expert’s help. Read the Article
Small Business Reminder: De Minimis Expense Election Required
Businesses have until Dec. 31 to adopt the de minimis expense election. Learn more in this week’s Business Tip.
Seniors Beware, Affordable Care Act Will Be Cutting Your Medical Deductions
In 2017, seniors will only be able to allow a medical expense deduction that exceeds 10% of their AGI. Read all about it in this week’s Insurance Tip.
Don’t Miss out on the Electric Vehicle Credit
Looking for a new car? You still may be able to take advantage of the electrical vehicle credit worth as much as $7,500. Learn more in this week’s Tax Tip.
Strategies in Tax Loss Harvesting
Principal Jennifer Thomas, CFP® and Managing Associate K.C. Smith, CFP® discuss a case study about tax loss selling, and how selling some positions in your portfolio can help your tax situation.
Business Owners: Don't be Left Holding the Tax Bag
There are substantial penalties if you fail to file a correct 1099-MISC for independent contractors by the due date. We explain in this week’s Business Tip.