• Focus on finance: Tax law updates for 2013

    Question: What can you tell me about the American Taxpayer Relief Act that recently was signed?

    Answer: The American Taxpayer Relief Act of 2012 was signed into law Jan 2. It includes key provisions that will affect many households.

    The Bush-era tax cuts are permanent with the exception of a new top rate of 39.6 percent for taxable income levels of $450,000 for joint filers and $400,000 for single filers.

  • Simple vs. compound interest

    Question: What is the difference between simple and compound interest?

    Answer: Whether you are investing or borrowing money you will more than likely have to deal with some form of interest. Your decision on how to invest or how to borrow should include a basic understanding on the difference of each and the impact they can have on your savings or debt. 

  • Richards wins Ray Kroc Award
  • Small business funding: Where to go when the bank says no

    Question: Do I have any other options for a service oriented small business loan if the bank says no?

    Answer: Service businesses make up a significant part of the economy, especially with laid off workers and other corporate refuges setting up shop as consultants. But try getting a loan to fund one.

    Jeff Goldstein, a former Procter & Gamble brand manager and Cincinnati-based business consultant, learned that lesson the hard way when he needed a bank loan to buy a market research firm.

  • Local gun sales spike

    Hardin County residents are locked and loaded.

    Sales throughout the county show a dramatic increase in the number of firearms sold by sporting goods stores, pawn shops and gun stores.

    Ron Timmer, manager of Kwick-Kash Pawn Shop on North Dixie Boulevard in Radcliff, said he has seen the national trend of a spike in firearms and ammunition sales reach Hardin County.

    “You wouldn’t believe it, that’s how much it’s increased,” he said.

  • Ten steps to financial fitness

    Question: It is New Year’s resolution time. Now that I am older my resolution is moving away from the “get physically fit” arena and moving more towards the “get financially fit” arena. Can you give me some advice that is easy to follow and can set me on the right track for 2013?

    Answer: As we look back on 2012 we may soon realize there were many areas that we made significant progress and some areas we still need to improve.

  • Business boom: Local fitness centers expect membership spike

    Area gyms and trainers are preparing for the new year, which annually brings in a slew of new members trying to lose holiday pounds and get started on New Year’s resolutions.

    A few new businesses in the county will be part of the local rush to the treadmills for the first time.

    VIP Fitness owner Randy Campbell said he dislikes when he hears some people in the fitness industry say they hate when people trying to keep new resolutions rush to the gym, only to stop coming soon after.

  • With gifts unwrapped, it's time for returns

    As much a part of the holidays as twinkling lights and shiny ornaments, the trip to the store after Christmas to take back unwanted gifts is a ritual that wraps up the season.

    But today isn’t the day of store returns like is popularly thought, said George Ramsden, the manager of J.C. Penney in Towne Mall.

  • What type of life insurance is best?

    Question: How do I know what type of life insurance will serve my needs best?

    Answer: You can use life insurance to pay for final expenses, estate taxes, or leave an estate for the use of your heirs. Here are some policy types to choose from:

  • Focus on finance: Small businesses’ credit profiles improving: Is yours?

    Question: As a small business owner it hasn’t been easy since the recession hit, but I can honestly say the situation forced me to really monitor my credit very closely. Has that been the norm with other small business owners?