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Welch Investments
Stewart Welch, CFP

Welch Investments founder and managing partner Stewart Welch III, AEP, CFP®, is a weekly financial columnist for AL.com via The Birmingham News. All of his columns are archived here for your reading pleasure. Mr. Welch has co-authored numerous books and regularly appears on various TV and radio shows including FOX 6 (Birmingham, AL), CNN (NY), Fox News Network (NY), CNBC (NJ), and is often quoted in national press including The Wall Street Journal, Fortune, Money and TheStreet.com.

If you have a financial question to be answered in the weekly column, fill out this form. Consult your own professional legal, tax or financial advisor before acting upon this advice.

Avoid This IRA Rollover Trap

Reader Question: I was unaware of the once per year rule, and in 2016 I took a partial distribution simultaneously from two different IRAs: one Traditional and one Roth. I took these distributions twice within a six-month period in 2016. Both times, I returned the funds, to the penny, within 60 days, back into the […]

Hurricane Aftermath: Misconceptions about Flood Insurance

The only thing worse than enduring significant damage in a hurricane is realizing that your insurance company won’t cover your claim. According to a Texas insurance group, only about 15 to 20 percent of homeowners in Houston and Corpus Christi are insured for flooding — everyone else was out of luck after Hurricane Harvey struck. […]

Your Identity Has Been Stolen: NOW WHAT?

The Equifax cyberbreach almost seems like an old news story but I assure you, the main plot is yet to unfold.  On July 29th, Equifax discovered hackers had stolen critical data of 143 million Americans.  Do you think you are one of the lucky ones who was not affected?  Probably not.  Think about it.  There […]

New Restrictions on Reverse Mortgages and the Effect on Senior Citizens

The Department of Housing and Urban Development (HUD) has announced its intentions to change the requirements for its reverse mortgage program — specifically, to raise premiums and tighten up the limits on loans. But such a change could have tremendous ramifications for senior citizens, and there’s not much time to plan; the proposed revisions to […]

Thank You, Dad.

Recently, my father passed away one week shy of his 99th birthday.  Right up until his short hospital stay, he was living on his own, keeping his own yard, driving and coming into the office every day.    As I reflect on my best friend, I realize just how lucky I was to have him for […]

You’re a Smoker? Would You Rather Be a Millionaire?

I’m actually impressed by how many fewer people smoke today than a couple of decades ago.  Maybe the federal mandate requiring large-size warnings with all cigarette ads really did make a difference.  For those of you who still smoke, particularly younger folks, you’ll want to avoid New York City.  They just raised the price of […]

3 Steps to Getting Out of Debt

In spite of how much the general public dislikes the idea of debt, many people are collecting more of it every day. Excessive debt is one of the things that hinders financial success the most, so if you find yourself in this situation, there are three things you should do to get back on the […]

Help a Child Get a Better Education…for FREE

I was speaking with a mayoral candidate who wants to focus on improving education in the inner-city schools.  He said a high percentage of high school graduates scored less than 10% on math competency test.  And that’s just the tip of the iceberg.  A good education is the foundation for a better life and critical […]

DOW 25,000? Why Not?

In January of this year the Dow-Jones Industrial Average (DOW) crossed the historic 20,000 mark to much fanfare from Wall Street and the national media.  By traditional measures, and depending on who you listen to, the market today is either fully valued or overvalued.  The question I’m getting more often now is, “When are we […]

Should I Take an Early Withdrawal from My IRA?

Reader Question: My husband and I are in our mid-forties. I’ve been out of work since Oct 2015 and in November 2016 I taped into my IRA for $20,000. I’m still unemployed and in need of money for home improvements.  Will it be wise to get another $10,000 out of my IRA for my home? […]