Our Commentary

Reader Question:  I have named two family members as beneficiaries in equal shares on my portfolio. I was advised to also name contingent beneficiaries. Will you explain what a contingent beneficiary is and what might happen if none are named? Also, I have named a different family member as POD on my savings accounts. Should […]

While the door has closed on many tax moves for 2015, several opportunities are still available for the savvy planner. Individuals Traditional IRA– You can contribute up to $5,500 to a Traditional IRA (and so can a non-working spouse!).  If you were age 50 or older last year, you can add an additional ‘catch-up’ contribution […]

Companies with 401k plans are increasingly offering employees a Roth investment option in addition to the regular (tax deductible) 401k.  With the Roth option, you don’t receive an income tax deduction and your money grows tax deferred just like your regular 401k investment.  However, at retirement, withdrawals from a Roth are tax free, whereas regular […]

It’s been a while since I’ve written a column espousing the advantages of using a college 529 plan to help fund a college education.  Recently I had a reader contest where I asked readers to submit their best money saving ideas to jump-start 2016.  One reader, Linda W., focused on this topic and it was […]

In my column two weeks ago, my colleagues provided 10 tips for jump-starting your finances for this year.  In this week’s column, readers have offered their own favorite ideas: For one month, I put all of my change in a jar.  For the month of December, I collected $46.16.  Linda M.  My comment: Congratulations, Linda!  […]

Take a moment to reflect on this past year.  What are some accomplishments that make you feel particularly happy?  Are there areas that you feel you could have done much better if you’d given them more focus?  Michelangelo famously said, “The greater danger for most of us lies not in setting our aim too high […]

Yep, the holidays are a busy time of year full of distractions that can easily draw you away from your financial game plan.  You do have one, right?  Here is a basket of tips from my colleagues at Rhinosure to give you a head start on your finances for 2016.  There’s even an opportunity for […]

It’s been almost ten years since the Federal Reserve has raised interest rates.  As the Fed cut rates in the aftermath of the Great Recession, retirees have suffered through historically low interest rates on savings instruments such as CDs, money market accounts and savings accounts. What does this one-quarter percent rate hike mean for investors […]

In last week’s column, I began with a list of strategies to help you save money on this year’s tax return.  Here is the rest of my list of the best ideas: Get a State Income Tax Credit and Give a Scholarship. You may be aware of the benefits under the Alabama Accountability Act but […]

As 2015 quickly comes to a close, now is the time to sit down and consider what you might do to reduce your April 15 tax bill. Tax Loss Harvesting. The stock market is relatively flat for the year but most investors will find both winners and losers within their investments.  Take a moment before […]