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Welch Investments

Is Your IRA Safe from Lawsuit?

That was a big unanswered question on the minds of financial advisors and many IRA owners throughout Alabama until recently.  Now advisors can confidently tell their clients that their IRA is protected against the claims of creditors. Unlike 401k and similar plans which are protected from creditors under federal law, IRAs, if protected at all, […]

6 Tips for Avoiding ID Theft

Advice for College Gradutes

What’s in Your Wallet? 6 Tips for avoiding ID Theft

She was pushing the grocery cart down the aisle with her purse in the upper basket. She looked away for just a moment to select an item from the shelf and someone stole her purse. He left his wallet on the passenger seat of his locked car while he ran back into the house to […]

“I Graduated from College, Now What?”

You just graduated from college?  Congratulations and welcome to the real world!  Just as leaving home and going to college was an abrupt change that required many adjustments on your part, so too will be the transition to getting a job and being fully responsible for your own financial wellbeing.  Here are some tips to […]

Are You On Track For Retirement?

“Retirement: Are You on Track?”

Even for millennials, retirement will be here before you know it.  So, how are you doing?  Yes, I mean you personally.  Below is a crude measuring stick you can use to see if you are on track for saving enough money so that you don’t have to take a huge cut in income during your […]

Tax Strategy for Those Age 70 and Older

“Age 70? Here’s a Little-Used Tax Strategy”

In 2015, Congress made permanent the law allowing Qualified Charitable Distributions (QCDs) which allows someone who is age 70½ or older to make Required Minimum Distributions (RMDs) directly to a qualified charity and exclude that distribution from income. As a reminder, when you turn age 70 ½, you must begin to take IRS-mandated minimum distributions […]

Money-Wise Even in Death