Southern Advisors, Inc

09/25/2025

Dear Southern Advisors Family,

It is with heavy hearts that we share the news of the passing of our business partner and friend, Shawn Davenport. After a battle with dementia, Shawn went to be with the Lord on September 24, 2025.

Shawn was not only a trusted advisor, friend, and family-man, he was a person of deep faith, kindness, and integrity. We take comfort in knowing that he is now in the presence of our Savior, and we are grateful for the many ways he touched lives through his work.

While we grieve, we also celebrate the life of Shawn.

A celebration to honor Shawn’s life will be held on Sunday, September 28, 2025 with visitation at 1pm and service at 2pm. The visitation and service will be held at Darby Funeral Home 480 E Main Street Canton, GA 30114. All who wish to join in remembering and giving thanks for Shawn's life are warmly welcome.

We ask for your prayers for Shawn's family, our team, and all who loved him.

With gratitude,
Kevin Fuqua

10/04/2024

Let's Load a 53' Truck for Hurricane Relief.

Thankfully we have been supplied with plenty of water!

Here is a list of things they need:

PRAYERS!
Non-perishable foods (canned vegetables, oatmeal, breakfast bars, cereals, canned tuna, etc..)
Water flavor packets
Diapers/wipes
Feminine products
Baby Formula
Baby Bottles
Paper towels
Cleaning Supplies
Alcohol wipes
First aid kits
Latex gloves
Work gloves
Dog/Cat Food
Live Stock Feed
12V car batteries
House hold batteries (AA, AAA, C, D, 9V)
Flashlights
Empty gas cans

WE CANNOT ACCEPT CLOTHING OR FLAMMABLE PRODUCTS

If you are out and about this weekend and would like to donate, you can drop off at 7198 Reinhardt College Parkway Waleska, GA 30183, this weekend Friday-Monday 9am-5pm. If you need to come later or have any questions, please give AMANDA a call at 706-897-4413. Thank you for your support!

03/13/2023

https://www.atr.org/list-of-tax-hikes-in-bidens-budget/

Its important to know whats going on in the tax world, especially when you have retirement in mind. When we talk about tax deferred accounts such as 401(k)s and IRAs one of the risks is not knowing what the tax rates will be in the future. So, the question to ask yourself if you have a deferred plan is 'do I think taxes are going to be higher or lower when I retire?'

President Biden’s Fiscal Year 2024 budget proposal contains nearly $4.7 trillion in new tax hikes on American individuals and businesses. Biden’s proposed tax hikes come just months after Democrats passed more than $700 billion in tax increases in the so-called Inflation Reduction Act. Biden’s...

11/26/2021

Happy Thanksgiving!

11/10/2021

It's not the money I am after. It's the freedom. My goal is to live life on my own terms.

11/08/2021

"Financial freedom is available to those who learn about it and work for it."

-Robert Kiyosaki-

11/06/2021

"Saving is a great habit but without investing and tracking, It just sleeps."

-Manoj Arora

11/04/2021

Check out our Fall Newsletter!

http://static.fmgsuite.com/media/documents/c69af805-69eb-45f8-9674-37d5014f71aa.pdf

06/22/2021

Check out our Summer Newsletter to find out how the 2021 estate tax exemption will affect you. We also have a wonderful greek salmon recipe you should try. Enjoy!!

http://static.fmgsuite.com/media/documents/fe17e7cd-852d-47eb-b69a-75e46d654baf.pdf

08/27/2020

Check out our summer newsletter!
http://www.southernadvisorsinc.com/newsletters

07/23/2020

UPDATE: RMD Requirements

If you missed the news, the IRS announced that if you already took out your maximum percent for your Required Minimum Distribution, you are still in luck. According to the IRS, you can still roll over those funds and put them back into your account. That is according to the current Cares Act waiver.
This new waiver has been extended until the end of August. That should give you enough time to replenish your accounts before the end of this year, if you choose to.
These updates also include what will happen with your minimum and maximum distributions and rollovers concerning the COVID pandemic. It is important to note that the COVID pandemic is the main reason the CARES Act has been updated. The IRS knows there are a lot of people going through these challenging times and this may help.

Retirement Planning and More

The great thing about the new updates for the CARES Act is that it includes people who are making payments for their 401(k) and 402(b) plans to skip their RDM for right now. Yes, this also includes those who have a traditional IRA account.
This also takes into account those who turned 70 last year. Those who turned 70 last year would have to start their RDMs in April of this year. The only people the new updates do not include are the ones who have defined benefit planning.
The final thing to mention concerns those who take out an RDM under the owner's plan. He or she also has until August 31, 2020, to put the money back in.
Now, of course, there are some restrictions and requirements you still have to meet.

Four Things You Should Know About The CARES Act Of 2020

1) There is a direct payment to most taxpayers in the sum of $1200. You should have already gotten it via direct bank deposit or mail. There is talk about a second stimulus check coming soon. Several factors are working in favor of this happening. However, several factors are still unknown. We should receive word by the beginning of August if it does happen. FYI: This will be the last stimulus check you get if it does pass.
2) Unemployment benefits will include an additional $600, but that ends this month.
3) Do you have a retirement plan, including a 401(k)? The CARES Act has updated to include a qualifying loan payment to double to $100,000 if you or a family member contracts COVID. Once again, research this one too to verify that you are included. That means you do not have to dip into your retirement fund to pay for everything.
4) As mentioned above, the RDM's for heirs and beneficiaries are on hold for this year. This includes tax-advantaged Qualified Charitable Deductions (QCDs).

Let us know if you have any questions or if we can help you during this time.

08/12/2019

Even in death the IRS wants a final income tax return for the deceased taxpayer. Know some special rules.

The federal government requires deceased individuals to file a final income tax return.