Our Commentary

Charitable Giving with Confidence

One of the best things about being a financial advisor is working with amazingly generous people. Their generosity is displayed in many ways, from the giving of time, expertise, and money. Unfortunately, there are still many who are hesitant to give due to a lack of information about the charities themselves. If you are feeling […]

New Tax Break for Alabamians Over 65

A new tax law signed by Governor Kay Ivey in April of 2022 takes effect on January 1, 2023. The law offers a state income tax exemption of up to $6,000 per individual for distributions made from qualified retirement accounts, such as IRAs and employer-sponsored 401(k) plans, if the taxpayer is age 65 or older. […]

A Better Alabama Through the Gift of Education

The Number of Failing Schools in Alabama is Rising…How You Can Help a Child Get a Better Education and Not Cost You a Penny? For weekly insights, follow The Welch Group every Tuesday morning on WBRC Fox 6 for the Money Tuesday segment. The updated list of failing schools in Alabama is out, and it […]

Avoid the Double-Dip Minefield of Retirement Savings

In a recent survey from Allianz Life, 54% of adults have reduced or stopped their retirement savings. What’s more disturbing is that the research indicated that 43% are dipping into retirement savings to help pay bills and live a certain lifestyle. This can cause a ‘double-dip’ minefield for retirement savings. First, the stock market is […]

5 Reasons Why Healthcare Professionals Should Not Delay Retirement Planning

2022-11_5 Reasons Why Healthcare Professionals Should Not Delay Planning for Retirement

By The Welch Group As healthcare professionals continue to navigate the challenges of the pandemic, many are likely dreaming of a quiet and peaceful retirement. Unfortunately, more than 40% of healthcare workers reported that their financial situations have gotten worse since the onset of COVID-19. Even without factoring in COVID-19 stressors, physicians and healthcare professionals […]

Be Prepared for 2023 Tax Changes

While inflation continues to be a thorn in the side of consumers, recent tax adjustments by the Internal Revenue Service (IRS) to prevent what the Tax Foundation calls “bracket creep” will provide welcomed relief in 2023. According to the Foundation, bracket creep is defined as a “push into higher tax brackets or a reduction in […]

Eliminate Private Mortgage Insurance (PMI)

With inflation putting pressure on consumers, steps to relieve the strain and save money are at a premium. Well, good news!  Due to the rapid increase in home values over the last few years, many homeowners now have an opportunity to improve their cash flow by eliminating their Private Mortgage Insurance (PMI). With PMI costing […]

Holding Some Cash? Where to Invest it Now

It is no secret that the stock market and bond market have both taken big hits this year. The Federal Reserve is on a tear with raising interest rates in an effort to tamp down inflation. So far this year, the Fed has raised rates 5 times, but inflation continues to persist. Last week’s Consumer […]

The Time for Medicare Review is Now

Are you currently on Medicare or planning to enroll in Medicare this year? Now is the time to act because the open enrollment period is LIVE. It’s always a good rule of thumb to review your current plan to ensure you are on the best plan for your specific health and financial situation. Plus, making […]

3 Ways to Minimize Capital Gains Taxes

Got Capital Gains Tax - Here Are 4 Strategies to Reduce Your Liability

By The Welch Group As you plan out your comprehensive, diversified financial strategy, taxes will always be a consideration. Capital gains taxes are taxes you pay on the gains of your investments, such as if your home increases in equity or your investments increase. How much you pay in capital gains taxes depends on how […]