Welcome to OMC Financial Services, LTD.

Donations for Haiti Can Be Deducted on 2009 Federal Tax Return 05/03/10
Say what you will about the government, but sometimes it actually get things right. Case in point: the Haiti Assistance Income Tax Incentive Act. We are all familiar with the tragedy that has befallen Haiti. In order to... More

Credit-Card Accountability 05/03/10
The second phase of the Credit Card Accountability, Responsibility and Disclosure Act of 2009, or Credit CARD Act, went into effect on Feb. 22, 2010. As the broadest of the four phases, this round addresses 22 significant changes... More

2008 Stimulus Package 06/03/08
Everyone is talking about the stimulus package and how the first of the checks have been sent out. The conventional thought is that everything will somehow be fixed in the economy by putting extra cash into it. Well, maybe yes,... More

Good record keeping is essential 05/12/08
Here we are! Another year that we are making all sorts of promises about how we are going to improve our life. Well, if you are like me, record keeping is one of the big ones and by no means is it a small task, especially when it... More

Market Corrections are Opportunities 12/31/07
It's hard to sit on your hands when you see sectors such as energy, basic materials, industrial minerals and gold moving to record highs. Even though we recently had a severe correction in the financial and housing stocks, these... More

Understanding interest rates can minimize bond investment risk 08/06/07
From July 2007 Empire Monthly Bonds are misunderstood by the average investor. People in the industry think that bonds are an essential part of alleviating volatility in a portfolio. (We sure all know what volatility means!) The... More

Lock Your Door! 06/05/07
Most people lock their houses when they leave. Just about everyone's valuables are in their home and by locking the door, they are attempting to safeguard them from theft. But how do we protect the most valuable thing we own, our... More

AM FM Satellite? 06/05/07
Blackberrys, iPhones, iPods, MP3 and DVD players are now a part of our daily lives. Well so is radio. When TV's were first introduced people thought radio would become obsolete. Don't forget, most radios were plug ins and the car... More

Pass the Hot Potato - PLEASE! 06/05/07
I've never been one to shy away from controversy so bear with me. The topic: Social Security Reform. Social Security is an integral part of financial planning but most people don't begin to really focus on it until about 50. The... More

The wise move: Diversify your investments 01/31/07
Are you looking at your portfolio and wondering why your overall investment returns may not have matched the record returns of last year's stock market? Most of the indices returned double digits. Dow 16.29 percent Russell... More

Be sure to mind your 401 (K) 01/12/07
Okay, the year is almost over and when was the last time you paid any attention to your 401(k)? Not many people know, but 401(k)'s didn't begin until 1981 under President Reagan. Your 40l(k)is your golden egg. But many people still... More

Discipline is a Necessary Financial Tool for Women 12/19/06
At the end of the year, I thought it might be appropriate to visit some areas of financial planning that many women neglect. As we are all aware, women on average make less income over their lifetimes than do men. So, planning is... More