When to Expect Your 1099
If you receive income from investments, dividends, education savings plans, or contract work, you’re undoubtedly familiar with IRS Form 1099. By the time April 15th rolls around, you might have even collected a hefty stack. However, what might be less clear is when you should expect to receive them. Some insist that the deadline is […]
2024 Year End Tax Planning
As with every year, it makes sense to consider tax planning moves before the end of the year that can help lower your tax bill for 2024. With this being a presidential election year, planning takes on even more importance. The general strategy of deferring income into next year and accelerating deductions into this year […]
Can I Sleep at Night?
Since the dawn of behavioral finance, many traditional economic theories have taken a backseat because of practical shortcomings. Individuals are not rational economic beings and instead make emotional decisions that are suboptimal. One practical decision-making tool that I would espouse to individuals is what I will call the sound sleep principle. When faced with tough […]
The Stressors of Parenting: Easing Financial Worry
“Powerlessness” is a word that the Surgeon General, Dr. Vivek H. Murthy, used recently to describe the modern role of parenting. Anyone who is a parent can tell you that the parenting journey, while filled with boundless joy, can also be unpredictable and stressful. In acknowledging the increasing and unpredictable stress that comes with parenting […]
The Value of a Financial Plan
There is a meaningful adage attributed to Benjamin Franklin that states “If you fail to plan, you are planning to fail.” This is true of many things in life but how significant is it to have a financial plan? Isn’t it sufficient to do the best we can when it comes to things like savings […]
10 Rules of Investing – Part 3
In the first two parts of this series (Part 1 & Part 2), we explored six of Bob Farrell’s rules of investing, highlighting the importance of market cycles, sentiment, and valuation. As we delve into the final segment, we’ll examine rules 7 through 10, which offer insights into market breadth, consensus views, and the phases […]
Why Rules of Thumb Are Out of Style
There seems to be a plethora of financial ratios and rules of thumb whenever you are searching the web for an answer to a personal finance related topic. Here are some common financial rules of thumb that you may have seen or heard of: Save 10% of your income Have 3 to 6 months of […]
10 Rules of Investing – Part 2
Back in April, my THOR colleague, Drew Woodard, began a blog series where he discusses Bob Farrell’s 10 Rules of Investing. Bob Farrell was a pioneer in market psychology and sentiment, and he believed there was more to a stock’s performance than just the financial statements. At THOR, we focus on fundamentals, but we also […]
10 Rules of Investing – Part 1
After studying under Benjamin Graham, known as the “father of value investing,” at Columbia University in the late 1950s, Bob Farrell began his career as an analyst at Merrill Lynch. Following a distinguished tenure as one of Wall Street’s leading analysts, Farrell ascended to the position of chief market strategist at Merrill Lynch. During the […]
IRA Contributions
The 2023 tax season is almost complete – your tax return is due to be filed by Monday, April 15th unless you extend your return. But, if you have not yet filed your return, you still have a chance to have an impact on your taxes and/or your savings plan. Let us go over some […]