Topic: Investing

How will coronavirus (covid-19) impact the markets?
Coronavirus (Covid-19) and Your Investments

School of Financial Wellness

The coronavirus outbreak is only about two months old, so it is premature to discuss how this potential pandemic will play out.

Sidewalk with Facts (left) and annuities (right) person deciding which way to go - Annuities - Myth vs Fact presented by Meld University
Annuities: The Basics, and the 2 Biggest Myths

School of Saving and Investing

Annuities have gotten a great deal of attention in the media lately. In this article we examine the basics and the 2 biggest myths surrounding investing in annuities.

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Situational Investing – The Concept

School of Saving and Investing

Situational Investing – the concept is simple at first glance. People know they should invest according to their specific situation, but it not that simple.

College Savings Plan - 529 Plan - Educational IRA - UGMA - UTMA
College Savings 101: Which plan is right for you?

School of Saving and Investing

The multitude of college savings options can be overwhelming. There are a lot of plans available, each with their own set of pros and cons. So how do you create a strategy that maximizes your college savings?

street sign that says "are you ready" for retirement
2019 Contribution Limits Increase for 401(k), IRA and Related Retirement Plans

School of Saving and Investing

Those who participate in retirement plans, such as a 401(k), 403(b), most 4S7(b), and the Thrift Savings Plan, will be able to contribute more to their plan in 2019.

Sign from IRS Building that reads "Internal Revenue Service"
IRS Provides Guidelines for Safe-Harbor Hardship Distributions from 401(k) Plans

School of Saving and Investing

In its March 2, 2017 Employee Plan News publication, the IRS included their memorandum providing guidelines for examiners to determine if a section 401(k) plan hardship distribution is “deemed to be on account of an immediate and heavy financial need” under the safe-harbor standards.

Person holding piggy bank with 529 plan written on it with hundred dollar bills in the background.
State Tax Deduction or Credit for Contributions to a 529 Plan

School of Financial Wellness

As we approach year-end, don’t overlook the State tax deduction or credit for contributions to a 529 plan. You may be eligible for a lower Alabama taxes.