We are excited to welcome Andrew Jahns and Becky Garrett to the Timothy Financial team in 2013. Andrew Jahns Andrew Jahns joined the Timothy Financial team in February as an Associate Financial Planner and will play an important role in supporting Timothy Financial clients through the planning process. Prior to joining Timothy Financial, Andrew worked [...]

Mark Berg was recently quoted in a November 21 article in U.S. News & World Report. The article discusses how to maximize the federal tax benefits of 529 plans by 1) scheduling regular contributions 2) combining federal tax benefits with state tax deductions 3) not limiting investments during poor stock market years and lastly 4) [...]

Timothy Financial is proud to announce that Hoan Taussig has been named a 2012 FIVE STAR Wealth Manager, which was published in the November 2012 issue of Chicago Magazine. After a thorough review of criteria ranging from Customer Service, Integrity, Knowledge/Expertise, with adjustments to reflect inputs from peers, regulatory compliance reviews and Blue Ribbon Panel [...]

At Timothy Financial Counsel, we have a lot to be thankful for.  Most of all we are thankful for our families.  Our families always come first whether it’s baseball games, piano recitals or preschool graduations.  We are also thankful that we can give back to the community. Timothy Financial Counsel is proud to be a [...]

For 2012, the federal income tax rate on long-term capital gains and qualified dividends is 0% for taxpayers in the 10% to 15% federal income tax rate brackets.  This applies to you if your taxable income (including long-term capital gains and qualified dividends) does not exceed $70,700 if you are married and filing jointly ($35,350 [...]

People living in New Jersey, New York city and surrounding areas are recovering from under the worst storm ever to hit the U.S. north of the Carolinas.  The rest of the country has been looking at terrible pictures of the flooding and property damage caused by Hurricane Sandy. Continuing power outages for more than 8 million [...]

After the Supreme Court ruling upholding the recent Health Care Act, everybody is required to buy health insurance.  Or are they? People who earn less than $9,500 are exempt from the requirement; above those income levels, you would have to pay a tax that depends on your income level.  There is a phase-in of rates [...]

An interesting quote by Jean-Paul Kauffmann reminds us that we live in an uncertain world so no amount of technical research can provide an analyst all the right answers: “The economy depends about as much on economists as the weather does on weather forecasters.”  

What do the weather forecast and the daily stock market movements have in common (sounds like an introduction to a bad joke, right)? To illustrate, let me quote a portion from a column I read this week by Vitaliy Katsenelson, the CIO of Investment Management Associates. “Serious business news that lacked sensationalism, and thus ratings, has been replaced by a new [...]

By now, you’ve probably heard that the Standard & Poor’s debt rating agency has downgraded all U.S. government debt with more than a year of maturity, from the top AAA rating down to AA+.  To put that in perspective, now only 17 countries enjoy the AAA rating on their government bonds.  Typically, that means that [...]