Insider Guide

June, 2023

One year at our new office


We just celebrated one year at our new office, and of course we had to do something fun to honor this special day. We delivered Ray’s Donuts to all of our neighbors. If you have not been to our new office in Woodstock, please come see us – and it would be a great opportunity to have your annual meeting with your advisor! Click the link below to schedule time with your advisor.


Tax loss carry forward (TLC)

Your CPA should be tracking your Tax loss carry forward (TLC) for you. If you are switching CPA’s you will need to make sure your new CPA gets this information from your previous year’s tax return (or that you provide this data to your new CPA). If you file your own taxes, then this is something that you need to keep up with yourself.

Below are the bullet points according to the article by Freshbooks titled, “Tax Loss Carry forward (TLC): Definition, Overview & Example”

One method that taxpayers can take advantage of is a tax loss carry-forward (TLC).

But what exactly is a TLC? And how can it be used to offset your taxable income? 

  • A TLC is a method that taxpayers can use to reduce their tax liability.
  • It works by using a taxable loss in excess of gains in a given year and carrying it forward to future tax years.
  • Any capital losses that exceed a year’s worth of capital gains can be used to offset ordinary taxable income. This is up to $3,000 in any future tax year.
  • This can be done for an indefinite period until it has been exhausted.

For business owners or self-employed individuals: 

  • Net operating losses (NOLs) are losses that are incurred in business pursuits.
  • NOL can only offset other business or self-employment income, not Earned Income.

client survey

If you have not yet completed our client survey, it is simply 4 questions to help us serve you better.  We want to know what we are doing well and how we can improve your client experience. In the past, these surveys have really helped us to celebrate our team and make positive changes to our processes, communication, and overall client satisfaction.  We always appreciate your feedback! Look for the email in your inbox from Team GIA titled, “We need your feedback!”

Are your goals on track?

Can you believe that we are almost half way through 2023?  School is out and summer is here.  As you reach the half-way mark, it is a great time to reassess your goals. Are you on track to reach your 2023 goals?  Are there ways you can amp up your financial goals, for example by increasing your 401k contribution by 1%? Could you increase your investments by another $100 a month?  If you have the margin, these small changes might make a big impact in helping you reach your long-term goals.  

Blog Update

Our latest blog, “IRAs made simple: The difference between Roth and Traditional” shares about the two most popular types of Individual Retirement Accounts. While both offer valuable benefits, there are some important differences to consider.

The Money PIG Podcast-11

Check out one of our newest episodes from The Money PIG Podcast hosted by our very own Reid Trego. This episode features practical wisdom from Justin Pitcock, CFP® professional, on the topic “What can I do with cash right now?” Click the button below to listen.

nourish to flourish

with Tara Bruce

Hopefully you are not going through any really challenging situations currently, but if you are, then I hope this little nugget of wisdom can be helpful to you. Einstein once said, “No problem can be solved from the same level of consciousness that created it.”

Have you ever experienced someone who is constantly complaining about something, and yet they do not offer to become a part of the solution? That is because in a state of complaining you may be operating at the same level of consciousness that created the problem to begin with. Negativity begets negativity and there is truth to the phrase — “You always find what you are looking for.” If you are looking for problems, you will find them. however, if you are looking for something to celebrate, you may also find it! It is for you to choose what you will speak and how you will live your days — and hence your life.

Sometimes in life a curve ball is coming directly at you, and you have to decide what you are going to do. How you respond is up to you. Your response is always in your control and no matter who or what caused the problem, your reaction to it is your freedom. If you look at the situation from a higher point of view you might see an opportunity to look within yourself and heal deep seated wounds, offer grace and forgiveness, or to stand up for yourself by speaking your truth. You have the choice to be grateful, and to continue operating out of your loving character regardless of what is happening around you.

Summer fun

School is out! If you have children or grandkids and are looking for fun summer activities near Woodstock, GA – check out this fun list of activities below.

Butterfly Festival
Chattahoochee Nature Center – Roswell, GA
Saturday, June 3 | 9AM-3PM & Sunday, June 4 | 12-5PM
>>Visit with LIVE butterflies at the Butterfly Encounter.
>>Meet with pollinator experts and educators.
>> Take part in the Migration Game throughout the festival and learn about monarch migration.
>> Enjoy tasty food and live entertainment.
For tickets please click here, or to check out other events at the Chattahoochee Nature Center.

Family Fun Night – Woodstock, GA
Woodstock City Church is sponsoring Downtown Woodstock’s Family Fun Nights throughout the summer!
Each month, Family Fun Night will feature a theme with activities around downtown, a costume contest, a trivia contest, and a free movie on the Woodstock Arts Event Green!

June 15

Downtown Camp Out – Movie: Up

July 20

Return to Hogwarts – Movie: Harry Potter and the Sorcerer’s Stone

Cool off this Summer

Margaritaville at Lanier Islands
The water park at Margaritaville at Lanier Islands opens every May as another way to enjoy the lake with mat racing slides, a zipline and water activities for little ones.

Marina Station Water Park
Jump and splash at Marina Station Water Park, part of The Ridges Resort on Lake Chatuge in Hiawassee. Fun for all ages, the inflatable water park has twists, turns, climbing mountains, monkey bars, cliff points, swings and slides.

Plan a road trip to see quirky landmarks

by Exploregeorgia

Georgia has some truly unique attractions that are worth a road trip in their own right. There are quirky artist havens like Pasaquan in Buena Vista and Summerville’s Paradise Garden, created by Howard Finster, one of America’s most widely known and prolific self-taught artists.

The Ashburn Peanut is a beloved landmark for those driving south along I-75.

The Doll’s Head Trail is a funky Atlanta hike, and the faces carved into trees on St. Simons Island make for a mystical treasure hunt.

Disclosure – All investment carries risk, and we cannot guarantee performance or results. The ideas and guides shared are based on our experience, and may not apply to your unique situation. The information about tax loss carry-forward should not be seen as tax advice and is provided for information only – you should speak to your CPA for specific advice regarding your situation. GIA does not earn any compensation from any of the non-GIA links provided. Please consider your specific health and wellness situation to determine what is good for you. Please contact us for any questions relating to the content above, or to discuss your specific situation.

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By Published On: June 2nd, 2023

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About the Author: Tara Bruce

Tara Bruce
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