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Is There An Elephant In Your Room?

Today’s guest blog is by Peggy Fortson, CLTC, LTCP, CSA – Long Term Choices, Inc.  Peggy Forston will be in the Bridgeworth Birmingham office for two sessions on Monday, April 30: 10:00 am and 2:00 pm. See the invite below to make a reservation. Seating is limited. That popular image of a behemoth nearly crowding …

Happy 20th Birthday, Roth IRA

Happy 20th Birthday, Roth IRA! On August 5th 1997, Bill Clinton signed the Tax Relief Act of 1997 into law. This new tax law created a new type of IRA for American savers. The IRA was named after Delaware Senator William V. Roth Jr and the Roth IRA became available in January 1998. To celebrate …

Reasons to Consider Gifting Appreciated Securities to Charity

With markets continuing to boom, many people are seeing their stocks and other securities gain value quickly. One way to best make use of that growth—and avoid tax penalties for it—is to gift appreciated securities directly to the charitable organization of your choice. It’s a great option and many simply overlook this special tax provision. …

Panini Pressed

“They” say I’m in the “sandwich generation,” the generation taking care of both our children at home and our aging parents. But “sandwich generation” does not paint a realistic picture for me. When I think of a sandwich, I think of a Dagwood type sandwich with fluffy bread piled high with meat, cheese, lettuce, tomatoes, …

Alabama Legislature Clarifies IRA Protections

Thanks to our legislature and our professional organization, the Financial Planning Association of North Central Alabama, investors of Alabama may now more clearly understand how their IRAs are protected from court settlements and creditors. About three years ago, as president of our local chapter, it was brought to my attention that the language that defines …