Cryptocurrency Taxation
Do I have to pay income tax on my cryptocurrency (“Crypto”) transactions? Will my Crypto transactions be reported to me? Over the past couple of years, we have heard these questions, and others like them, quite frequently. If you disposed of your Crypto during the year from a taxable account, the short answer is yes. […]
Investing vs Gambling: What’s the Difference?
Gambling has never been so popular and accessible as it is today. Sports gambling is now legal in over half of the US. And if you live in one of the states, like Ohio, where it recently became legal, this is no news to you. Like gambling, investing has also grown in accessibility with the […]
Highlights of the SECURE 2.0 Act
The SECURE 2.0 Act of 2022 (“Act”) was signed into law by President Biden on December 29th, 2022. The Act contains over 90 new provisions to offer more flexibility and incentives for those saving for retirement. Some provisions have already taken effect (starting 1/1/2023) while others will go into effect in 2024, 2025, or later. […]
Financial Habits and Lifestyle Creep
In our last blog, we encouraged you to start the new year off right by setting a few financial goals for yourself. Setting personal financial goals is so important, but, just like fitness goals, they can get pushed to the back burner of life. Time moves quickly. In the blink of an eye, you have […]
Setting Financial Goals in 2023
It is that time of year when you begin setting goals for the new year. In addition to starting a new exercise journey or diet, consider adding some financial goals! The first step in adding a financial New Year’s resolution is determining your short-term and long-term goals. Do you want to save for an extra […]
Net Unrealized Appreciation: Company Retirement Plans with Company Stock
Many employees who work for publicly traded companies have the option of purchasing their company stock within their retirement plan. This turns out to be a win-win scenario for the employee and the company. The employee gets ownership in their employer stock and is connected to, in a sense, the profits and losses of the […]
Common Investor Mistakes – Part 3: Put Your Money to Work!
In Part 1 of this series, we discussed Emotional Trading and the behavior and cognitive biases displayed when making this mistake. In Part 2, we expanded on that discussion, going through Risk Tolerance, which is the foundation of portfolio construction and can help you avoid making emotional trading decisions. In Part 3 of this series, […]
THOR Featured In The Cincinnati Business Courier
Jim Gore was recently interviewed by Steve Watkins of the Cincinnati Business Courier. Click here to read the full article.
IRS Inflation Adjustments for 2023
2022 has been a challenging year for most of us. The cost of everything has gone up – our decades high inflation rate is at 8.2% – while our stock portfolios are down. The Internal Revenue Service (“IRS”) recently issued its 2023 annual inflation adjustments for certain tax provisions. When most people think of the […]
Save on Taxes in a Negative Calendar Year
With both the stock market and fixed income market well into the red for the year, the capital loss deduction should be heavily utilized this upcoming tax season. How it works A net capital loss occurs when realized capital losses exceed realized capital gains for the year. The key here is that a position has […]