Why I Don’t Like Roth IRAs: Tax Season Lesson, Part 1

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Tax planning for clients during tax season always generates new strategies and ideas, as unique situations tend to get my analytical wheels turning. From a risk/reward wealth management perspective, I like to look at tax planning with the actual cost to the client in mind, including what is the best cash flow option, because the most tax efficient savings strategy …

3 Logical Insights Into the Notion of ‘Guaranteed’ Annuities

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“A lie gets halfway around the world before the truth has a chance to get its pants on.” -Winston Churchill.  AudreaAudrea attended the University of Alabama in Tuscaloosa, where she majored in one of the first approved financial planning programs taught at the University level. In 1998 Audrea graduated from The University of Alabama in Tuscaloosa with a Bachelor of …

What I Wish Every Prospect Had Considered Before Asking “Can I Retire?”

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As an experienced wealth manager and retirement planning advisor, I find it very challenging when a prospective client somehow thinks I can answer their “Can I retire?” question in an initial one- or two-hour meeting. I’m sure most fiduciary advisors have been asked the same question, which, as you know, entails a far deeper discussion, mostly driven by actions taken …

Playing to Win Still Matters in Football, the Markets and the Economy

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Has anyone noticed the fantastic few weeks of college football we’ve had so far this year? If you haven’t, you must not live in the South or have the pleasure of experiencing SEC football, or better yet, Alabama football. With a mounting total of 14 national championships, the University of Alabama’s football history is like no other program, especially in …

The 6 Elements of Portfolio Construction

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Read Andy’s article published by Advisor One discussing “The 6 Elements of Portfolio Construction”. By far, the hardest part of managing other people’s money is not just the research that goes into building a portfolio or picking the specific assets, but the psychology of how a client feels relative to the current marketplace and their specific goals, which are not …

Andy Gives a Presentation to UAB Periodontal Students

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In May, Andy was invited to give a presentation to the UAB Dental and Periodontal Residents regarding financial tips and information beneficial to decisions they will face, both personal and professional, once they are out of school and working.  Among the topics Andy explained were how to choose a mortgage and the options and benefits associated with each of them, …

Andy Quoted On “14 Tips to Help you Invest More in 2012”

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Andy was quoted in an article “14 Tips to Help you Invest More in 2012”. Becoming investment-wise applies even if you’re working with a financial planner.  Wealth management specialist and CPA Andrew Rice, Vice-President of Money Management Services, Inc. in Birmingham, Alabama, says his more knowledgeable clients do better in the market because their confidence allows them to handle more risk. Andy RiceAndy …

June Major Risks

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The markets will face three major events that could cause uncertainty to US markets in June.  Europe’s problems seem to be focused on the Greek Elections on 17th, then the FOMC meets on the 19th and 20th, with the Supreme Court likely to decide around the 25th the fate of the Health Care Bill.  The European event may the biggest …

Stocks Close Up as Wall Street Posts Another Good Week

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It was another exciting week on Wall Street as the majority of stocks continued to befuddle the most pessimistic pundits as stocks close up. During the holiday-shortened week, stocks took their cue from better-than-expected earnings reports and some unexpectedly strong economic data. It was the ‘bulls’ third-straight weekly win for the month of January and it’s the best start for …

Stocks Continue to Move Northward…

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Stocks Continue to Move Northward It was another interesting week in the market last week as stocks continue to move Northward even after Standard & Poor’s downgraded the credit ratings of France, Italy and seven other European countries on Friday, the U.S. stock market continued to trek even higher. These downgrades no doubt pose fresh challenges for Europe’s political leaders, and …