If you could give a child the gift of a great education at no cost to you, would you do it? If your answer is, “Of course I would!” then you need to learn more about the Alabama Accountability Act (AAA). The Alabama Accountability Act (AAA) AAA allows you to redirect a portion of your […]
The uncertainty in the current market environment gives us many things to think about, and it can be challenging to make sound financial judgments. With the continuous drumbeat of concern over political disputes, Federal Reserve monetary/interest rate policy, inflation, and Covid-19, it can be difficult to know how best to allocate ones’ capital. In times […]
A lot of people make donations to their favorite charity or religious organization. And in most cases, the individual writes a check and, hopefully, takes a charitable tax deduction when it is tax-filing time. An often-forgotten tax strategy is the Qualified Charitable Deduction (QCD). The QCD is a different take on securing a tax benefit […]
For the first time in over 100 years, the State of Alabama had more deaths than births for the calendar year 2020. The unofficial numbers are 57,641 births and 64,714 deaths, of which 7,182 deaths were attributed to COVID. In total, nearly 14,000 Alabamians have died by COVID. COVID deaths have devastated many families in […]
The housing market has gone through the roof over the past year. Home sales in hot markets often sell within the first day for prices well above the asking price. Guess what is next? Higher property taxes! Many people over the age of sixty-five don’t realize or forget that they are likely eligible for an exemption […]
On the popular social media site, Tik Tok, a recently circulated video has gained a lot of notice. Its premise is that a smart financial move is to take out a 30-year mortgage on your home instead of a 15-year mortgage and invest the difference. The video distinguishes between a 15- year mortgage and a […]
The catastrophic damage in Louisiana and throughout the Northeast caused by Hurricane Ida is an important reminder of the value of homeowners insurance. According to the Insurance Information Institute, 2019 reported that 5.1% of insured homes had a homeowner’s claim. 97% of those claims were attributed to property damage, and 3% were losses from liability […]
The eviction moratorium was established early in the Covid-19 pandemic to provide relief for those struggling to pay rent due to the impact of Covid related health and financial issues. The initial moratorium technically expired on July 31, 2021, but the Centers for Disease Control (CDC) attempted to extend it without the proper legal authority […]
Fidelity Investments recently completed a review of their 401(k) and IRA account holders and found that the number of accounts crossing above the $1 million value mark compared to 2020 rose by 74%…over 750,000 account holders. Can you use your 401(k) plan to become a millionaire? The answer is Yes, and to help you get […]
It was a blue-sky Colorado day as my clients were driving to the airport after a week of snow skiing when they hit a patch of ice, causing their car to veer into the oncoming lane. Fortunately, my clients and their children had buckled their seatbelts…unfortunately, the two ladies in the oncoming vehicle had not. […]