Year: 2023

New Year, New Resolutions: Setting Financial Goals for 2024

As 2023 comes to a close, it is important to review our financial goals and create a plan for success in 2024. The economic and financial markets underwent significant changes throughout the past year, so let’s get a head start for 2024 by considering the following financial resolutions: Live Beneath Your Means / Build an […]

6 Things I’m Teaching My Kids About Money

We’ve all heard it before. Most Schools just don’t do a great job preparing our children for their financial futures. So, we as parents must take the reins. But where to begin? What’s necessary for them to know before they fly out of the nest? 1. Budgeting and Saving One of the most important financial […]

3 Common Financial Habits of Wealthy Families

As a financial advisor, I often work with successful families who have achieved great wealth through different paths. However, there are some common financial habits that many of these families demonstrate, which seem to have helped them build a foundation for their success. Savings & Investing Take Priority One of the most common and significant […]

Alabama’s $150 Tax Rebate 2023

2023 Tax Rebate Eases The Stress of Holiday Debt: A recent survey by WalletHub indicated that nearly 25% of Americans still have holiday debt from last year. Additionally, almost half of them say they won’t pay off their purchases for this year by the bill due date. With inflation taking a bigger bite out of […]

Beware: Artificial Intelligence Used to Enhance Scams

In a world dominated by technological advancements, the increased use of artificial intelligence (AI) has not only transformed our daily lives but has also ushered in a new wave of sophisticated threats. The use of AI in scams presents an unprecedented danger to individuals everywhere. As AI continues to advance, so do the deceptive schemes […]

Managing Your Holiday Expenses

With the holidays just around the corner, it’s easy to get carried away by the excitement of the season and overspend. While this may bring short-term joy, overspending can lead to financial difficulties in the future, especially if you’re relying on credit cards. With credit card interest rates exceeding 20% and inflation continuing to be […]

2024 Tax Bracket and Contribution Limit Updates 

The Federal tax brackets are adjusted for inflation by the IRS each year. These adjustments are made to avoid putting taxpayers in higher tax brackets due to changes in the cost of living. Looking ahead to 2024, the adjustments will be less significant than those made in 2023. However, taxpayers will still experience a relatively […]

The Basics of Long-Term Care Insurance

Understanding Long-Term Care Insurance (LTCI) Long-term care insurance (LTCI) is an insurance policy that specifically covers expenses related to long-term care services for individuals who face difficulties in carrying out routine activities due to aging, illness, or injury. Unlike health insurance, Medicare, or Medicaid, LTCI caters to services such as in-home assistance, full-time care, and […]

Are Women Less Confident About Finances Than Men?

According to a recent study conducted by Northwestern Mutual, women belonging to the Gen X age group are significantly less confident about their finances than men in the same age group. Gen X includes people born between 1960 and 1980, which means they are now between the ages of 43 and 58 and are soon […]

Jefferson County Extends Property Tax Freeze Exemption

Jefferson County has announced an unprecedented extension to claim the property tax freeze exemption. The exemption freeze period will be valid for 2022 or 2023, depending on which tax year benefits the taxpayer the most. Put simply, this means your property tax value will be frozen at the lowest value when comparing 2022 and 2023 values.  This […]