How to Mitigate Taxes Under Biden’s Proposed Tax Law Changes

How to Mitigate Taxes Under Biden’s Proposed Tax Law Changes

Despite being in one of the lowest tax environments in history, I think it is safe to say that most Americans want to reduce their tax liability where they can and pay only what they owe. President Biden proposed sweeping tax law changes to tax rates and codes in April 2021 through the American Families […]

How to Use a Donor-Advised Fund to Minimize Taxes and Maximize Charitable Gifts

How to Use a Donor-Advised Fund to Minimize Taxes and Maximize Charitable Gifts

Being fortunate enough to use your financial resources to give charitably is a gift in itself. And if you are lucky enough to have reached this point in your financial journey, you have several options when considering how charitable giving fits into your financial plan. A donor-advised fund (“DAF”) can be part of a comprehensive […]

Want to Know When You Can Retire? Consider These Important Points

Want to Know When You Can Retire? Be Sure to Consider These Important Points

The decisions of when to retire, how to fund your retirement and what your retirement will look like are some of the most important questions you will answer in your lifetime. And the answers are both financial and non-financial. “When can I retire?” is one of the most common questions I hear from clients. It’s […]

The Importance of Talking About Money Shame for Financial Wellbeing

The Importance of Talking About Money Shame for Financial Wellbeing

For many of us, money can be a source of stress, anxiety, and even shame. In fact, I’d dare to say that we’ve all felt this way about our finances to some degree at one stage or another. So if you currently find yourself feeling ashamed of your financial situation or choices, the important thing […]

How to Make the Right Life Insurance Choices for You and Your Family

How to Make the Right Life Insurance Choices for You and Your Family

The purchase of life insurance is one of the most important protections that you can put in place to protect your family and the life you are building in the event that you pass away unexpectedly. It’s one of those things that people generally know they need, but don’t know when to purchase, or how […]

Inherited IRA Rules and their Financial and Tax Implications

Inherited IRA Rules and their Financial and Tax Implications

Over the next twenty years, younger generations are likely to inherit retirement accounts in large amounts. In fact, during those two decades, it is expected that Baby Boomers will transfer $30 trillion in wealth. Some of those assets will be in retirement accounts like 401(k)s and Individual Retirement Accounts (IRA). While the younger generation is […]

Take a Breath

We are now about 7 months from the beginning of “lockdown” that began in mid-March in Birmingham. The novel coronavirus and global pandemic have brought about such a swift change in just about every aspect of daily life, and there is little known about what the next 6 months to a year will hold. There […]