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The Welch Group

Flood Insurance Misconceptions

“Avoid This IRA Rollover Trap”

Reader Question: I was unaware of the once per year rule, and in 2016 I took a partial distribution simultaneously from two different IRAs: one Traditional and one Roth. I took these distributions twice within a six-month period in 2016. Both times, I returned the funds, to the penny, within 60 days, back into the […]

Your Identity Has Been Stolen, Now What?

Hurricane Aftermath: Misconceptions about Flood Insurance

The only thing worse than enduring significant damage in a hurricane is realizing that your insurance company won’t cover your claim. According to a Texas insurance group, only about 15 to 20 percent of homeowners in Houston and Corpus Christi are insured for flooding — everyone else was out of luck after Hurricane Harvey struck. […]

Your Identity Has Been Stolen: NOW WHAT?

The Equifax cyberbreach almost seems like an old news story but I assure you, the main plot is yet to unfold.  On July 29th, Equifax discovered hackers had stolen critical data of 143 million Americans.  Do you think you are one of the lucky ones who was not affected?  Probably not.  Think about it.  There […]

Reverse Mortgage Restrictions

New Restrictions on Reverse Mortgages and the Effect on Senior Citizens

The Department of Housing and Urban Development (HUD) has announced its intentions to change the requirements for its reverse mortgage program — specifically, to raise premiums and tighten up the limits on loans. But such a change could have tremendous ramifications for senior citizens, and there’s not much time to plan; the proposed revisions to […]

Prepaying Funeral Expenses

Quitting Smoking & Investing in Stocks

Thank You, Dad.

Recently, my father passed away one week shy of his 99th birthday.  Right up until his short hospital stay, he was living on his own, keeping his own yard, driving and coming into the office every day.    As I reflect on my best friend, I realize just how lucky I was to have him for […]