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Letter of the Month

Think back to the last time you went on a big vacation. Not a quick getaway, but an extended trip with flights, hotels, entertainment, and dining. More than likely, you spent hours and hours coming up with your budget, searching for flights, finding the right hotel, planning your excursions, etc. Therefore, when you arrived at your …

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Social Security Cutbacks

In March of 2020, the pandemic caused massive fluctuations in the stock market and created one of the fastest unemployment spikes in history. Against that grim backdrop, many people decided to claim their Social Security benefits early. Now, some think-tanks are estimating that the influx of new Social Security claimants, in addition to the reduced …

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A Year In Review and 2021 Outlook

The COVID-19 pandemic that arrived last year will likely make 2020 a year we will likely never forget. Enduring shutdowns, wearing face masks, and finding stores empty of necessities such as TP and hand sanitizer was reason alone to look forward to a new year. From a financial market perspective, 2020 witnessed a speeding up of …

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What to Do about Interest Rates?

Can interest rates get much lower? Those of you who were around during the late 1970’s and early 1980’s may have concluded that the current low rate situation is an anomaly . It is not . Click here for Exhibit A (also pictured below). Exhibit A. The aberration in interest rates occurred during the high …

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Brief Overview of Qualified Charitable Distributions (QCDs)

by Brooks Mosley, CPA  When planning your IRA withdrawal strategy, you may want to consider making charitable donations through a Qualified Charitable Distribution (QCD).  A QCD is a direct transfer of funds from your IRA custodian, payable to a qualified charity. QCDs can be counted toward satisfying your Required Minimum Distribution (RMD) for the year, if certain guidelines are met.  In addition to the benefits …

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SECURE Act Makes Changes for Retirees

by Brooks Mosley   As you probably remember, investors had a horrific month for US Stocks in December of 2018. However, a lot can change in just twelve months. So, what does 2020 hold? Unfortunately, I do not have an exact answer, but I do have some good news that is the result of a new Bi-Partisan Bill. (Yes, I did intend to write Bi-Partisan.)  On December 19, 2019, The SECURE Act was passed. This new legislation made some …

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A Quick Guide to Mississippi’s College Savings Plan

By Alan McCormick  With the month of August well underway, many of us are enjoying watching our children and grandchildren begin another school year, and if you are like me, you are probably also thinking about the big dreams that you have for them. We would all like to give the children in our lives the opportunity to attend college, but the rising cost …

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Social Security, Your Hidden Asset: Common Mistakes

A few weeks ago, we discussed the fundamental characteristics of Social Security, and we learned that it is a crucial retirement asset for most people. Despite its importance, Social Security candidates tend to make the same filing mistakes time and again. Today we will talk about a few common errors that individuals make during the filing process and how to make sure you get the most out of this retirement …

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Social Security, Your Hidden Asset: The Basics

According to the Urban Institute, the average couple receives $556,000 in lifetime Social Security benefits. This makes Social Security a huge hidden part of the retirement nest egg for most people. Social Security is both a great benefit and a one-time decision that many people get wrong. Today and in a follow-up article, we are going to talk about some of the best approaches to …

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