Posts from 2017

Written material is meant for general illustration and/or informational purposes only and it is not to be construed as tax, legal, or investment advice. Although the information has been gathered from sources believed to be reliable, please note that individual situations can vary, therefore, the information should be relied upon when coordinated with individual professional advice.

Five Tips for Keeping Your Financial Resolutions

Dec. 12, 2017 Article

With the New Year approaching, take time to make a list of your financial resolutions. Financial resolutions can be especially difficult to stick with because, like eating and exercising, our spending, saving and investing habits tend to be tied to our emotions more than our logic. Here are five tips for keeping your financial resolutions: 

Read More »

Leaving Your 401(k) to a Charity

Dec. 1, 2017 Article

An important part of establishing an IRA, 401(k), 403(b) or other qualified plan is naming a beneficiary. On the positive side, this helps ensure that upon your death, any remaining account balance will transfer directly to your heirs without going through probate. On the negative side, your heirs could lose up to 80 percent of the account’s balance to income and estate taxes, both federal and state.

Read More »

It's Not Strictly Business: How Entrepreneurs Balance Personal and Business Financial Planning

Nov. 3, 2017 Article

For many successful entrepreneurs, it can be difficult to tell where their business ends and their personal lives begin. These driven professionals spend almost every waking moment (and sometimes even sleeping ones) thinking about the how to take advantage of opportunities for growth or, conversely, how to overcome obstacles that may keep their companies from running smoothly. Entrepreneurs often come to feel that, as long as they stay focused on the business, many other issues – both personal and professional – will work themselves out.

Read More »

A Surprising Way Health Insurance Might Save Your Life

Oct. 2, 2017 Article

Back in May, an angry constituent asked Congressman Raul Labrador, an Idaho Republican, why he had voted for the House health care bill, which the constituent claimed would cause people to die for lack of Medicaid funding. The Freedom Caucus member shot back with a now infamous retort: “Nobody dies because they don’t have access to health care.”

Read More »

5 Simple Ways To Demolish Your Debt In 2017

Sep. 5, 2017 Article

Read More »

529 Plans: Prepaid Educational Arrangements

Aug. 1, 2017 Article

Read More »

Your One Stop Guide To Retirement Planning

Jul. 5, 2017 Article

Do you feel overwhelmed thinking about retirement planning? It's one of the most common topics we're asked about. One way to make it more manageable is to break it down into a series of decisions:

Read More »

7 Budget Tips To Help You Save Costs When You Travel

Jun. 1, 2017 Article

We wholeheartedly agree with the saying, “Travel is the only thing you buy which makes you richer”. However, bank accounts generally don’t. While we’d all love to spend our holidays in a luxurious coma, we find ourselves compromising on little things which our personal bottom line will be grateful for.

Read More »

Kelley & Mullis Wealth Management Announces New Financial Advisor

May. 15, 2017 Article

Birmingham, AL – Kelley & Mullis Wealth Management, one of the leading independently owned financial services firms in Birmingham, AL, announces the addition of Matt Fetner as Financial Advisor.

Read More »

Barron's Recognizes Kelley & Mullis Managing Partner in 2017 Top Financial Advisor Listings

May. 9, 2017 Article

Birmingham, Ala. – Michael Mullis, managing partner and wealth manager for Kelley & Mullis Wealth Management, was recognized as one of Barron’s 2017 “America’s Top 1,200 Financial Advisors” and ranked among the Top 10 financial advisors in Alabama.

Read More »

Why Your Budget Is Failing And How To Fix It

May. 2, 2017 Article

A recent survey by GOBankingRates cited creating and sticking to a budget as one of the top financial New Year’s resolutions for 2017. Yet as I talk to people, many have abandoned their budget. When I recently asked a friend why she ditched her budget, she told me that she just was not good at budgeting. I told her that maybe it was not that she was bad at budgeting, but she was using the wrong methods to budget. Intrigued, she asked for more details and I went into the top 7 reasons why I feel budgets fail:

Read More »

3 Ways You Can Lose Your Social Security Benefits

Apr. 3, 2017 Article

Tens of millions of Americans rely on their Social Security benefits, and many are in a position in which they can't really afford to lose their monthly checks. Yet there are a few situations in which the Social Security Administration can and will take away benefits for certain recipients. Below, we'll go through the situations where you risk losing your Social Security benefits so that you won't get surprised down the road.

Read More »

7 Reasons a Roth IRA May Be a Good Idea for You or Someone You Love

Mar. 6, 2017 Article

It’s almost tax time. During April, many people take advantage of the opportunity to reduce taxes by funding a Traditional IRA. While that makes sense for some Americans, others may benefit by contributing to a Roth IRA that offers no immediate tax break, but has other tax advantages, such as tax-free growth potential and tax-free income during retirement. Some people may realize the greatest benefit by having both types of IRAs.

Read More »

Health Savings Accounts

Feb. 6, 2017 Article

HSAs have the potential to fill gaps in insurance coverage during retirement or employment changes.

Read More »

Four Basic Estate Planning Documents

Jan. 4, 2017 Article

Being prepared for major life and death decisions requires thoughtful, thorough planning. When it comes to your estate, this involves an all-encompassing look at the decisions to be made, who makes them and how assets are divided. To get your estate in order, you will need to prepare four major documents.

Read More »