Significant Changes to 529 Educational Savings Plans

529 Educational Savings Plan

One of the primary concerns for most, after saving for retirement, is education planning. Well, great news! The recently passed Secure Act 2.0 gives savers greater flexibility regarding how they allocate funds accumulated in 529 plans. We’ll review updates to Alabama’s CollegeCounts 529 Fund this week and follow up next week on increased options related […]

Is It Time to Evaluate Your Advisor?

Last year was a challenging year for investors, to say the least. The overall stock was on the cusp of a bear market, declining close to 18%. Unfortunately, the bond market did not do much better and was down almost 13%. Good financial management demands that you periodically review and monitor both your portfolio performance […]

Making Sense of Your 401(k) Options

For most participating in a company 401(k) plan, it can be difficult to confidently create a portfolio that aligns with one’s financial goals and objectives. The challenges vary from the confusion around expenses to the limited menu of stock and bond mutual fund options; not to mention the illusion of diversification. So how do you […]

Going on Vacation? Tips to Protect Your Home

feet dangling from a dock above the ocean at sunset

As Mayor for the City of Mountain Brook, I get calls and notices when we have the occasional home burglary. And as an owner of a financial advisory company, I see the monetary and emotional toll a home burglary has on the victim. As summer rolls in and we head into the vacation season, here […]

One Way to Combat Inflation? Make More Money

Over the past several weeks, we have seen financial media flood televisions and the internet with ways people can save/limit consumption to combat the adverse effects of inflation. While this is certainly a worthwhile exercise to make an immediate impact, I want to offer longer-term advice to help people maintain their quality of life and […]

New PPP Loans Focus on Smallest Business Owners

According to the Wall Street Journal, the federal government will offer a revised PPP (Paycheck Protection Program) loan program tailored specifically to small business owners with less than 20 employees.  The goal is to focus on access to PPP loans for small companies, including minority-owned businesses and businesses within underserved communities that may not have […]