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 […]
Value vs Growth: What is the Difference?
Value vs Growth is a common theme in the investing world. Commonly investors will bucket a stock into either growth or value. The problem with this practice is that value and growth are not mutually exclusive. Growth and valuation are two separate considerations in evaluating a company or a stock. If a company exhibits high […]
Maximizing the Savings Power of your 401(k)
If you contribute to a 401(k), it is likely that you are familiar with the benefits of saving to a workplace savings plan and are at least somewhat aware of your salary deferral limit. What most do not realize is that you may be able to sock away more, and even more strategically, than you […]
Financial To-Do’s When Starting A New Job
Starting a new job and/or switching careers can be a financial stressor in people’s lives. Outlined below are some of the most important financial to-do’s when starting a new job: Enroll in new employer sponsored retirement plans 1. Savings strategy Your first step in enrolling in a new retirement plan is to assess your […]
Common Investor Mistakes – Pt. 2: Risk Tolerance
This is Part 2 of my series on common investor mistakes. In Part 1, I went into detail about the common investor mistake of Emotional Trading. This blog expands on that topic by talking about risk tolerance and portfolio construction which can influence people making emotional trading decisions. First, let us start by defining […]
Importance of Beneficiary Designations
If you own a life insurance policy, annuity contract or individual retirement account, or are a participant in a company sponsored retirement plan (collectively “Accounts”), you are probably familiar with the term beneficiary designations. Beneficiary designations allow an individual to direct assets from an Account directly to a named beneficiary upon the death of the […]
Retirement Savings Strategy – Do I Need One?
I have so many competing financial needs and I don’t know how to prioritize them. Where should I allocate my discretionary funds – debt, college education, retirement savings? Help me! We hear this plea often. The answer to the above dilemma is best solved with the development and implementation of a holistic financial plan. While […]
No, Social Security Will Not Run Out
Dispelling the myth most Americans believe One of the key assumptions we account for in our clients’ financial plans is Social Security. 96% of the American workforce pays into Social Security and virtually 100% are familiar with the topic. However, there has been much doubt as to the reliability of receiving these benefits in the […]