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2018 Summer Activities for Kids

Summer Activities for Wiregrass Kids

2018 Summer Activities for Kids

Now that school is officially out, are you looking for some fun summer activities to keep your kiddos entertained and engaged? No need to search out of town.  The Wiregrass area offers some great, affordable options right here in our own backyard!  Check these out!

Landmark Park – Summer Youth Programs

For More Info: (334) 794-3452

https://www.landmarkparkdothan.com/summer-camps/

 

Dothan Houston Library Summer Reading Program – Libraries Rock

For More Info: (334) 793-9767

https://www.dhcls.org/summer-reading-program/

 

SEACT Summer Theatre Camp

For More Info: (334) 794-0400

https://form.jotformpro.com/80186455884973

 

Dothan Lanes Kids Bowl FREE

For More Info: (334) 983-1585

https://www.kidsbowlfree.com/center.php?alley_id=37

 

Camp Choctaw, Playground Program and Youth Adventure Camp

For More Info: (334) 615-3700

http://www.dothan.org/index.aspx?NID=362

 

Bricks 4 Kidz – Lego Camp

For More Info: (334) 803-6882

https://my.bricks4kidz.com/index.php?action=location&location=364

 

Water World

For More Info: (334) 615-3750

 http://waterworlddothan.com/waterworld/

Keep Your Finances in Order When Divorcing Later in Life

Keep Your Finances in Order When Divorcing Later in Life

Divorcing later in life is becoming more commonplace among people 50 and over. Divorce among older couples has more than doubled since the 1990s. In 2015, 10 of 1,000 married people filed for divorce. Five of 1,000 married filed for divorce in 1990. The divorce rate for people 65 and older has tripled since 1990.[i]

For older couples thinking about “gray divorce,” ensuring your finances are in order may help ease the strain.

Here are four tips to help make it easier and less stressful:

  • Identify your individual incomes. The impact on older women may be especially difficult. Gray divorce forces many older women between the ages of 50-74 to continue full-time work, rather than retiring.[iii] Calculating future income and assets as a divorcee is important. Getting a divorce can devastate a couple’s finances.
    1. Determine income levels of each spouse. Divorced spouses will no longer be able to rely on their partners’ incomes. In gray divorces, men average income drops of 23%; women’s incomes drop by 41% on average.[ii]
  • Manage your retirement accounts
    1. Divorcing couples will also have to manage how they’ll divide their 401(k) and IRA accounts. After years in the workplace, many retirement accounts have grown substantially in size. Dividing those accounts while maintaining two households can get complicated and expensive. Often, workers listed their spouses as beneficiaries on retirement accounts and insurance policies.
  • Consider downsizing your home
    1. The home is one of the largest assets of older couples. It also generates some of the biggest expenses, especially if retirees maintain mortgage debt. Many older couples are going into retirement with mortgage debt, which can drain cash reserves. A better option might be downsizing to a smaller house or renting a place to offset the reduced household incomes.
  • Stay focused in more contentious divorces, long-time friendships can disintegrate and rifts can form in otherwise amicable families. Begin establishing relationships with your most trusted and loyal friends, which can help fortify your emotional stability and may help protect you against failing health from increased stress.  
  1. Overall, your individual needs and retirement goals will define the financial strategies you should address if divorcing later in life. If you have questions about the options available, or how a divorce could impact you financially, feel free to contact us.
  2. Sometimes divorces, even later in life, can get messy. While financial and budget management is important, guarding your emotional condition and ensuring you maintain a strong support network are important in sustaining long-term security and comfort. Establishing a firm emotional support system helps newly single individuals move forward and adapt to lifestyle changes.

Investment advisory services are offered through CapSouth Partners, Inc., dba CapSouth Wealth Management, an independent registered Investment Advisory firm. Information provided by sources deemed to be reliable. CapSouth does not guarantee the accuracy or completeness of the information.  This material has been prepared for planning purposes only and is not intended as specific tax or legal advice.  Tax and legal laws are often complex and frequently change.  Please consult your tax or legal advisor to discuss your specific situation before making any decisions that may have tax or legal consequences.

This article contains external links to third party content (content hosted on sites unaffiliated with CapSouth Partners). The policies and procedures governing these third party sites may differ from those effective on the CapSouth company website, as outlined in these Disclaimers. As such, CapSouth makes no representations whatsoever regarding any third party content/sites that may be accessible directly or indirectly from the CapSouth website. Linking to these third party sites in no way implies an endorsement or affiliation of any kind between CapSouth and any third party, including legal authorization to use any trademark, trade name, logo, or copyrighted materials belonging to either entity.

Investment & Wealth Management

 

[i] http://www.pewresearch.org/fact-tank/2017/03/09/led-by-baby-boomers-divorce-rates-climb-for-americas-50-population/

 

[ii] http://time.com/money/4229581/divorce-after-50/

[iii] http://www.cbsnews.com/news/the-devastation-of-divorce-for-older-women/

How to Get Prior-Year Tax Information

Prior-Year Tax Information

How to Get Prior-Year Tax Information

Tax day 2018 has passed—and for American taxpayers, it was one of the last reminders of 2017. The IRS instructs filers to retain tax information and supporting documents for at least the 3 previous years.

Taxpayers who used tax-filing software for the first time and who don’t have copies of their returns may order tax transcripts of previous-year returns from the IRS. The transcripts provide a summary of a tax return.

Taxpayers seeking to obtain transcripts need to have the amount of their adjusted gross income to validate their identities. For more information, go to Validating Your Electronically Filed Tax Return.

The IRS advises taxpayers to first check with the provider of the tax software they used or their tax preparer before contacting the agency for the information. The IRS charges a fee for providing prior-year returns. The transcripts, however, are free.

It takes 5-10 days to get tax transcripts ordered online or by phone after the IRS receives the request. It takes about 30 days to get tax transcripts ordered by mail and about 75 days for tax returns.

Here are 3 ways to order transcripts:

  1. Go to Get Transcript on the agency’s website.
  2. Taxpayers may call 800-908-9946.
  3. Taxpayers may use Form 4506-T or Form 4506T-EZ to order by mail.

Tip adapted from IRS.gov[I]

[i] https://www.irs.gov/newsroom/heres-how-to-get-prior-year-tax-information

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