Month: August 2020

IRS Releases 2020 “Dirty Dozen” Tax Scams

Each year the IRS releases a Top 12 or “Dirty Dozen” tax frauds and scams they are seeing in an effort to warn taxpayers of things to be on the lookout for.  I read this each year and the list includes several of the usual suspects but also has some new additions.  You can read the entire IRS list here (IRS Dirty Dozen 2020), but I wanted to highlight a couple of items that I believe are most relevant to our readers…

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Achieving Peak Performance: Financial Lessons We Can Learn From Athletes

Athletes are often treated like superheroes. For good reason, too – they undergo rigorous training, develop astounding mental strength and achieve what we call mental and physical peak performance. Studies even show that student-athletes are more likely to have better academic and behavioral performance.1

Today, though, we aren’t talking about physical fitness. We’re talking about financial fitness — the mindset with which you approach your finances actually isn’t so different from an athlete’s approach to their sport. 

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Mortgage Refinancing: How the Market Downturn Has Provided an Interesting Opportunity

As of July 30, the national average rate for a 30-year mortgage has fallen to 2.99%, with an average of 0.8 points paid, while 15-year fixed rates have fallen even further with an average of 2.51% and .7 points paid, according to data from Freddie Mac.1 Mortgage rates have plunged to the lowest levels in decades, and continue to remain near historic lows, driving purchase demand over 20 percent above a year ago. Real estate is one of the bright spots in the economy, with strong demand and modest slowdown in home prices heading into the late summer. Home sales should remain strong the next few months into the fall.

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3 Questions to Ask Your Advisor During Times of Volatility

As we’re nearing our way towards the end of 2020, it’s now a great time to consider a few questions to ask your advisor. After facing the quickest drawdown in US market history, we’ve certainly recovered in a similar fashion. While we have made headway in a positive direction, there is still expected volatility on our horizon. Consider these three questions…

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Selling a Business? Watch Out for These Four Big Mistakes

Successful entrepreneurs spend much of their lives building valuable companies, and ultimately, many of them end up selling those businesses. It is very common for the business to be the most valuable asset a business owner has. When selling the business, it is likely that the company will attract a higher valuation if the business owner has made the business ready for sale and is also prepared for the sales process. However, if business owners make big mistakes when selling, or their business is not ready for sale, they risk not receiving the amount of money for their business that they probably deserve, given their efforts over years and decades. If you are a business owner, we know which outcome you probably prefer, and with that in mind, here are four types of mistakes that can lower the value of your business or possibly derail a sale— along with advice on how to avoid them.1

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Hear How Atlanta Financial Makes Life’s Journey Richer

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