Blog

2020 was weird.  You do not need me to tell you, you have heard it more than enough.  Well, Required Minimum Distributions (RMD) were no exception.  If you have contributed to a deferred retirement account, the government eventually wants its taxes.  They get it through the RMD process which requires as you age to take some of your retirement out every year and pay the taxes

While part 1 of this blog outlined how need-based aid is determined from the FAFSA, this part talks about things to do long before getting to the FAFSA.

Heads up - most people spend more in these categories in retirement than they did before retirement.

Have you thought maybe this pandemic remote work is like a test drive for retirement – you are home a lot and maybe have some extra time to pursue your personal interests? 

When it comes to finances, sometimes it’s difficult to even know where to begin. There is so much that goes into how your family approaches finances, which is why we like to start our process with a Discovery meeting.

Having a child about to start college is a financially scary lifetime event.  As with many other things in life, ignorance makes it scarier and harder than it has to be.  There are really two different phases, one which the family has no control over, and the other that the family has much control over.  We’ll discuss both.

This is a continuation of my last blog about general financial advice vs personalized.  You can click here to read the last topic discussed.

You Should Save 10% for Retirement

STOP

Have you already filed your 2020 taxes?

Is your Adjusted Gross Income (AGI) in the neighborhood or $150k - $200k?  What?.....you don’t know this number off the top of your head???   j/k

If you have not filed your 2020 taxes and you think your AGI is in this vicinity you need to….

Entering 2021 suggests that income tax filing is not that far behind.  Congressional action increased the standard deduction driving many people to no longer itemize their deductions.  As a result, and depending on the state tax regime where you live, you may now be unable to deduct some of your charitable contributions and get the standard deduction.

Traditional stockbrokers and the media have long taught the public that the way to provide in retirement and leave something to your beneficiaries is to purchase income yielding stocks and bonds to live on, while leaving the original securities alone.  Our firm’s philosophy has always been (and what academics propose) not only is that inefficient for tax reasons but can also cause th

• Nick Saban
• Dabo Sweeney

These are the only active football coaches who have won multiple national championships.  When Alabama hired Nick Saban, there were only two active college football coaches with multiple national championships:  Bobby Bowden and Pete Carroll.  Bowden was two years away from retirement and Carroll was becoming mired in sca