SMITH LAKE LIVING

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205 - 384 - 6942 New Boat Showroom Landau Pontoon Boat Sales “Brand New 2023 Landau 232 Tri-toon rentals. Powered by 140 four-stroke . Powerful yet fuel ef- ficient. Online booking for pricing and availability.” Bennington Pontoon Boat Sales Call Michael 205-384-6942 for Pontoon Boat Sales • Dry Storage RV Park Area • Pontoon Rentals • Wet Storage • Ship Store • Boat Sales • Boat Service (Routine Service & Appointments) • Fuel 24/7 • R V Park (Applications Required) www.duskinpointmarina.com ~ 198 Duskin Point Road, Jasper, AL 35504 smithlakeliving.com I 3

Duncan Bridge Marina & rV retreat 55 Marina Drive Arley, AL. 35541 duncanmarina3@gmail www.duncanbridgemarina.com 205-387-1208 RV Retreat • Wet / Dry Slip Boat Storage • Public Boat Launch $ 10.00 Fee 205 - 387 - 1208 • Gas - 90 Octane Non Ethanol • Store - Boating Accessories & More • Beach Area - Picnic Tables Duncan Bridge RV Retreat offers long term parking on concrete pads up to 20’ x 50’. All pads have full hook-up and utilities (water, power, sewer, and wi-fi ). The park has year around water with a dock for easy access to water, bath house, and is very convenient to Duncan Bridge Marina. Pricing starts at $ 300 a month.. 4 I smithlakeliving.com

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Smith Lake Living™ { SUMMER 2023 } 14 9 SAM JOHNS FISHING LEGEND ON SMITH LAKE SMITH LAKE RV & CABIN RESORT 46 72 OPERATION ReCONTECT CAVE HOUSE THE BATTON HOME ON DISMAL CREEK SMITH LAKE CONTENTS • 7 Smith Lake Info / Water Level • 56 Jeff Sandlin owner of Sandco Fabrication Services LLC By Rachel Sweigard • 9 Sam Johns - Fishing Legend on Smith Lake By Lola Johns Ponder • 60 RCBC Outdoor Adventures • 14 Smith Lake RV & Cabin Resort By Rachel Sweigard By Kristine Bullock • 62 Fish Tails on Smith Lake • 20 AVALON Pontoon Boats Celebrate 50th. Anniversary By Eddie Hand By Trish Hand • 64 Smith Lake Living™ 365 • 26 High Point Furniture - Outdoor Showroom • 72 The Batton Home on Dismal Creek - Smith Lake By Rachel Sweigard By Rachel Sweigard • 36 The Seed , The Tree, and Uncle Sam • 74 EVENTS By Jeff Roberts • 46 Introducing Operation ReConnect to Smith Lake • 78 Advertiser Index By Trish Hand www.SMITHLAKELIVING.com 6 | smithlakeliving.com

Smith Lake Info: Lake Level - June 12 , 2023 ............... 509.67’ Rule Curve Lake Level June 12 , 2023 .... 510.0 ’ 0.33 Feet Below Rule Curve 0.33 Feet Below Full Pool Historical Average Lake Level ................ 509.42’ Water Temperature June 12 , 2023 84.0 degrees F Record High Water Level March 1973 .......... 521.2’ Record Low Water Level October 1971 ........ 488.8’ Source Corps of Engineers A.P.C. Shoreline Permit Local Office (205) 384-7385 www.apcshorelines.com The repair fees for Residential, Multifamily, and Commercial dock repairs or for major repairs. Call APC Shoreline for review of your plans. Elevation above sea level ( Full Pool): 510 feet DAM BOAT LAUNCH DOCK Area: 21,200 acres Shoreline: 642 miles smithlakeliving.com I 7 Lake level depth at dam: 264 feet Watershed drainage area: 944 square miles Smith Lake Dam Facts: In service September 5, 1961 Two generators, rating 78,750 kilowatts each Type Rock-fill Length 2,200 feet Maximum height 300 feet Smith Lake is licensed by FERC with the following uses: energy, flood control, recreation and economic opportunity, irrigation and drinking water, and fish/wildlife habitats.

Smith Lake Living Smith Lake Living, LLC SUMMER 2023 Vol. XIX No. 2 788 County Road 97 Summer begins with many activities and events Bremen, AL 35033 for lake residents and visitors to enjoy. Recreation is part of the licensing requirement Editor for Lewis Smith Lake. One thing is for sure, lake resi- dents and visitors know how recreate on Smith Lake! Kristine Bullock As the lake gets crowded this summer, be sure to follow all of the boating safety rules, watch your Photography wake, respect others and their property, and please DON’T LITTER! Eddie Hand Hope everyone has a safe and enjoyable sum- mer of 2023. Contributing Writers See you on the Lake ! Kristine Bullock * Rachel Sweigard Eddie Hand * Trish Hand * Jeff Roberts * Publisher * Lola Johns Ponder * Eddie Hand * Smith Lake Living Scan on your smart phone www.smithlakeliving.com Smith Lake Living Magazine “ a community magazine” Published by ISSN 2150-3486 Smith Lake Living, LLC Issued by Advertising United States Copyright For information about advertising Office in Smith Lake Living Magazine, please call Library of Congress Eddie Hand 205-527-7544 Email: [email protected] 101 Independence Ave. S.E. Letters Washington, DC Letters to the publisher are welcome, but must include the writer’s name and a daytime phone number. SUBSCRIBE TO S LLmIiVthINakGe Cover Smith Lake Living Magazine a community magazine THE HARRIS FAMILY ONE YEAR SUBSCRIPTION AVAILABLE SMITH LAKE RV & CABIN RESORT $ 25 check only (Make checks payable to Smith Lake Living LLC) RYAN CREEK By Eddie Hand Mail to: Smith Lake Living LLC BACK COVER 788 County Road 97 By Deniece Hand Bremen, AL. 35033 RYAN CREEK NAME: ________________________________________ All rights reserved. No part of the publication may be ADDRESS:_____________________________________ reproduced without written consent of the publisher _____________________________________ Copyright 2023 CITY | STATE | ZIP CODE Smith Lake Living is a registered Trademark owned Smith Lake Living LLC PHONE: ______________________________________ SMITH LAKE LIVING MAGAZINE is distributed free of charge. EMAIL: ______________________________________SU23 8 | smithlakeliving.com

SAM JOJOHHNNSSFISHING LEGEND ON SAM SMITH LAKE ! Many fathers are uniquely special, By Lola Johns Ponder wise, and often talented. Sam Johns is no different, and has led a spectacularly inter- Wanting to push the limits of his fishing abili- esting life. Him and his wife, Mary, have been ties, Sam began hand pouring, painting, and married for 64 years, which is a great accom- accessorizing fishing bait, which eventually plishment for anyone. Sam has always been turned into a business which he named The searching for ways to challenge and stretch Buck’s Hornet. When mass production out- his mental and physical abilities, and has grew his garage, the company moved locations shown an outstanding ability to balance his a couple of times trying to stay ahead of the time. He pursued a career as a taxidermist, demand. The whole family became involved and also competed as a recurve archer. Sam working to make lures. When the company was always trying to improve his equipment, caught the eye of an interested businessman, so he would fletch his own arrows, and helped Sam eventually sold. to design and develop a broad head arrow- Sam held many side jobs throughout head that became popular and was sold his life. His love for fishing inspired him to publicly. start a guiding service on the lake. He guar- Throughout his lifetime, fishing always anteed a catch, or no fee was charged to his remained a constant passion. Once Smith guests. Before having children, he owned a few Lake was created, Sam saw the need for the restaurants. He was also the director of the lake to host tournaments, so he helped to Saint Bernard College cafeteria, could be found begin the Cullman Bassmaster. He began selling boats for Anderson Boat and Motors, competing locally, and this transitioned to and managed the commissary for The Service competing in national circuit tournaments. America. Sam spent his free time hand carving Sam was able to bring home many trophies, ice center pieces for tablescapes, and catered prize monies, and a couple of boats. many local country club events. Continued on Page 18 smithlakeliving.com I 9





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Smith Lake RV & Cabin Resort By Kristine Bullock Smith Lake RV & Cabin Resort is a private neighborhood community that is unparalleled, and offers exclusive access to experience stress free lake living. Ownership enables residents the opportunity to invest in lake property through the purchase of a lot to park an RV or build a custom lake cabin or home. Larry and Sandy Harris bought the property that has now become Smith Lake RV & Cabin Resort in 2005. The 60 acre piece of land was home to long horn cattle, and was undeveloped, wild, and unkempt. The water views were completely hidden by the overgrowth, and the land has unsurprisingly taken a lot of time and energy to be transformed into what it is today. Larry and Sandy began development of the RV & Cabin Resort in 2008. The couple outlined a four phase expansion plan, and presold all of phase one in 2010. Because they did not have a big marketing budget, Sandy traveled up and down the highway to gas stations and businesses to spread the word about lot ownership. Development is now half way through phase three, and the resort currently has 155 lot own- 14 | smithlakeliving.com

LARRY & SANDY HARRIS ers. Phase four lots, which will all contain lake views, are planned to open at the end of the year. Full devel- opment will include a total of 230 lots. With the purchase of a lot comes access to all of the resort amenities including saltwater pools, a poolside clubhouse, stocked fishing ponds, a private boat launch and slips, pickleball and basketball courts, outdoor ping pong, a playground, laundry and bath facilities, a lakeview boardwalk, a natural waterfall, and two saferoom storm shelters. All lots are developed with AT&T all fiber U-verse capability, 10 x 50 RV pad with full hook up and lighted pedestal, underground utilities, stained and stamped concrete pad and drive- way, and sod. The resort also includes a lakeside pavilion, which is home to Church on the Lake, a true church without walls, which is run by residents who live on the property. Continued on page 16 smithlakeliving.com I 15

Development of custom homes and cabins LAKE VIEW & BOAT LAUNCH AREA on the resort has really taken off in the last five years. Lot procurement through Smith Lake RV & Cabin Resort provides owners with access to full construction plans, or the ability to design a custom home of their own to fit their family and lifestyle needs. Upgrades including guest houses, private fishing piers, covered Pergola’s, storage rooms, and decks are also available. Larry and Sandy have truly created a unique opportunity for people to enjoy their own little piece of paradise at Smith Lake RV & Cabin Resort. Not only are residents surrounded by magnificent beau- ty, but they are also welcomed into a community where neighbors become lifelong friends. For more information and pricing, please call (256) 709-1820 or email [email protected] g hSmith Lake Livingtm Smith Lake RV & Cabin Resort Pond Area Smith Lake RV & Cabin Resort Maintenance / Construction / Office Staff. 16 | smithlakeliving.com

THE HARRIS FAMILY POOL FUN & RELAX @ RESORT CLUBHOUSE / POOL AREA CABINS PICKLE BALL COURTS smithlakeliving.com I 17

Mr. Johns repairing a rod in his shop. Mr. Johns holding some of his custom made rods. After age 60, Sam and his wife decided it was time for another restaurant. So, they built and oper- ated The Angler Seafood House. Within eight years of astronomical growth, the business caught the eye of an interested restaurateur who ultimately bought the seafood house. Sam and his wife have never really retired. His newest business is Sam’s Custom Rods, which has allowed him to bring all of his years of fishing and repairing rods together to offer services to the public. Approximately ten years ago, Sam began offering repair services for the Mary Carter Store. When some- body has a well-worn, perhaps damaged fishing rod they don’t want to give up, Sam can bring it back to life. He is also able to offer custom fishing rod building. Sam is able to guide customers on the best rod blank material, the mix and match of guides and grip handles, as well as color choices down to the thread. Interested in a custom fishing rod, or need a repair? Reach out Sam through the Mary Carter Store. g hSmith Lake Livingtm Mr. Johns shows spinner bait he made Mr. Sam Johns & Bradley Ponder (Grandson) Mr. Johns repairs antique Browning Rod. 18 | smithlakelivrring.com

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Avalon Pontoon Boats Celebrates 50th Anniversary Avalon Waketoon By Trish Hand Avalon Pontoon Boats has been build- and safety standards. Other Avalon awards ing boats for half a century. They are very include top honors at the 2022 Minneapolis proud to have been producing high quality, Boat Show, and the new Avalon Waketoon - the industry-leading, luxurious pontoon boats only pontoon boat made for wake surfing - win- in the United States for 50 years. Avalon is ning the 2020 Boating Industry Magazine’s Top a vertically integrated boat builder, making Product. Additionally, Jim Wolf, CEO of Avalon, everything from the framing to the furniture won the John G. Thodis Michigan Manufacturer on site in their Michigan facility. This enables of the Year Award in 2019. them to have a much higher degree of control over production and quality than other boat Avalon is marketing 2023 as their gold- manufacturers that outsource components of en anniversary year with 50 years of crafting the boat building process. pontoon art under their belt. Their 2023 line includes pontoon boats that are bigger, louder, Avalon offers excellent customer ser- and faster than ever. There are new Platinum vice and has the lowest incidence of warran- Edition upgrades available on the Catalina, LSZ, ty claims in the industry, which has earned and Venture models. Platinum upgrades elevate them the National Marine Manufacturer any model to a premium watercraft, including Association CSI Award for 14 consecutive stereo and captain chair upgrades. years. Furthermore, all Avalon pontoon boats are certified by the National Marine Manufac- Continued on Page 22 turer Association, which means that all mod- els meet or exceed the industry’s strict quality 20 | smithlakeliving.com

Over 1 Billion of Waterfront Sold on Smith Lake ! Living & Working on Smith Lake for over 20 years ! JUSTIN DYAR 205 - 468 - 6375 [email protected] @ MrSmithLake justindyar.com @mr.smithlake smithlakeliving.com I 21

Avalon Waketoon In the market for a top-of-the-line pontoon boat? Jeff Tolbert, Sr. and the sales staff at Tri- dent Marina will be happy to assist you. Avalon pontoon boats are their top seller, ranging in price from $49,900 to $330,000. They specialize in the Excalibur and Catalina models. In the words of a Trident Marina sales associate, “Avalon is to pontoon boats as Porsche is to cars. Avalon is known for high performance, luxury, speed, and exceptional handling.” To learn more about Ava- lon and all of the various models and packages available, contact the Trident Marina sales depart- ment at (256) 286-0050. g hSmith Lake Livingtm AVALON PONTOON WITH TWIN 450 HP RACING ENGINES 22 I smithlakeliving.com

RENTAL MGMT SALES LOOKING FOR MORE ALWAYS USE AN INVENTORY TO MEET EXPERIENCED AGENT, BUYING STRONG GUEST DEMAND ON THE LAKE IS DIFFERENT! LET A LOCAL COMPANY HANDLE YOUR RENTAL WHAT YOU GET WITH SMITH LAKE SALES: We are the “easy button” Personal attention, we will never pass you off Maximize your income Minimize your headaches We know the lake because we... Personally own 4 lake homes CONTACT JEFF Manage 50 homes across all areas of the lake THOMAS TODAY! Successfully flipped several lake homes 800-769-0757 SmithLakeRentalsandSales.com SmithLakeRentals.com smithlakeliving.com I 23

Lakeshore Inn & Marina Lodge • SPACIOUS , CLEAN & COMFORTABLE ROOMS Marina ~ Boat Storage • STANDARD KING, DOUBLE ROOMS & SUITES Pontoon Rentals • LAKESIDE PATIO, PICNIC TABLES, & STUNNING Floating Gas Dock ~ VIEW OF BEAUTIFUL SMITH LAKE 24 hour credit card service. • TV, WET BAR & MINI-FRIDGE • NO SMOKING / NO PETS (205) 489-2462 Lakeshore Inn & Marina www.lakeshoreinnandmarina.com 364 East Lakeshore Drive Double Springs, AL. 35553 BAR & GRILL • DRINK SPECIALS smithlakeliving.com I 7 • SPECIALTY DRINKS • 13 LED TV’S • LIVE ENTERTAINMENT EVERY WEEKEND 24 I smithlakeliving.com

14538 County Road 222 Crane Hill, Alabama 35053 Connie Teems Broker / Owner Here at Integrity Real Estate, our goal is to assist our clients in the buying and selling process. We believe the best way to achieve this goal is with honesty and true commitment. Follow Us on @integrityrealestate2020 FACEBOOK www.teemupwithintegrity.com smithlakeliving.com I 25

HIGH POINT FURNITURE OUTDOOR SHOWROOM By Rachel Sweigard The Smith Lake community is rich with a sto- 3,500 additional square feet of only outdoor furni- ried history and long-held small businesses. These ture, as well as accessories such as fire pits. Watts businesses are the lifeblood of the country, and the says that they only carry top quality brands such as foundation of the American dream. Summer Classic, Lane, and Castille. These brands High Point Furniture was founded in the early are not only great quality, but they each have ties 1980s in downtown Jasper. What locals know now to the Central Alabama area as their manufacturing as a furniture store was once a women’s clothing plants and warehouses are located within two hours and shoe store, and they also sold antiques and of High Point Furniture. Watts shares that they chose jewelry. Over the years the business evolved, and in these brands intentionally because they not only pro- 2000 Reggie Watts, son of the original owners, took duce beautiful furniture, but because they also help over, and they began selling new furniture in the orig- to create local jobs. The Lane Venture line has a inal downtown Jasper location. In 2007, the busi- Smith Lake collection, which was named after Smith ness relocated to Highway 78, which is where they Lake, that Watts says is especially popular at their are located today. At that time, Watts shares that store. The Smith Lake collection features high-back, they were operating out of a much smaller building, deep-seated pieces that rock or swivel making them and since then have been able to expand as other perfect for any deck or porch. businesses around them have closed or moved. To- High Point Furniture offers delivery to any lo- day, they have a 25,000-square-foot showroom, and cation in the Walker County area. Watts shares that focus their efforts on providing the best made, most he gets constant compliments about their delivery durable furniture that money can buy. team because of their professionalism and punctu- Watts grew up in the Smith Lake area in Arley, ality as well as their turnaround time. If a customer so he knows firsthand the wants and needs of the purchases a piece of furniture from the showroom Smith Lake community. High Point Furniture recently added an outdoor furniture showroom consisting of Continued on Page 28 26 | smithlakeliving.com

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floor, it can typically be delivered within a week. High Point Furniture also does custom work, and can order any piece of furniture that they have access to. To take a look at all of the beautiful pieces that High Point Furniture has to offer, including the im- pressive outdoor furniture section, visit them at 2403 Hwy 78 E in Jasper. The company is active on social media with daily Facebook and Instagram posts, and they can be reached at (205) 384-5990 or found online at https://www.High Point-furniture.com/ . g hSmith Lake Livingtm 28 | smithlakeliving.com

SuMmakme tehrisCount with Rambo Marine! • Over 1,500 boats in stock and ready for your dock • Rebates, discounts, and incentives are back • Stocked parts department and pro shop • Fully staffed service department with certified professional technicians • Now is the time to BUY! Shop Rambo today!  RamboMarine.com |   5635 CR 616, Hanceville AL, 35077 |   256.594.8573 smithlakeliving.com I 29

A & K Siding & Gutters 256-338-0711 Tony Denson Owner Replacement Windows Installation of 5” or 6” Seamless Gutters Decks and Handrail Dry Space for Underneath Decks 30 Years Experience Patio Covers & Awnings Licensed - Insured Follow Us On Call Us Today to Schedule Your Estimate. 30 | smithlakeliving.com

Showcase Lighting Floors & More 205 - 387 - 0238 1383 Highway 195, Jasper, AL. 35503 “Don’t Just Get What You Pay For! GET MORE ! With Showcase Lighting Floors & More.” Ceramic Tile Lighting SALES Flooring & Follow Us on INSTALLATION Monday - Friday 8 a.m. to 5 p.m. FACEBOOK www.showcaselightingfloorsandmore.com smithlakeliving.com I 31

~ Specializing in cUSTOM BlinDS anD SHaDeS ~ Custom Sizes Professionally Installed - Call for a Quote Follow Us on Facebook Smith Lake Blind Company ~ Brian DeWitte Owner 205 873-1379 Natural Woven Roman Shades with privacy lining featured above are a big [email protected] favorite for Smith Lake homes. 32 | smithlakeliving.com

205-387-0297 David Long - Owner • Auto Glass • Tub & Shower Enclosures JaspeSrear&rveSinamgsi.tthheLake • Store Front Installation • Mirrors Custom Shower Enclosure Auto Glass Installation Visit our Location: 1800 - 6th. Ave. So. -Jasper, AL. Follow us on Facebook Jim Bain 256-794-1443 Touchless Covers of Alabama “Convenient and Automatic Boat Protection” www.touchlesscover.com smithlakeliving.com I 33

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The Seed, The Tree, and Uncle Sam If you had to choose, would you rather pay By Jeff Roberts taxes on the seed or the tree? Asked another it getting as long as Tolstoy’s War and Peace. I way, which would you rather have tax free, the want to illustrate a commonly overlooked use of seed or the tree? Naturally, you would prefer to the Roth that we see with people in retirement. pay taxes on the seed and have the tree tax free. If you are not yet retired, keep reading. This still That is the way to think about a Roth individual applies to you or perhaps your parents, whose retirement account (IRA). assets may impact you one day. First created by the Taxpayer Relief Act of If you are completely retired, then you are 1997, the Roth IRA allows certain savers to make not participating in a 401(k) where a Roth op- contributions with dollars that have already been tion may be available, and you have no earned taxed. The benefit of the Roth is that the principal income which is required to save into a “contrib- invested and any growth that accumulates can be utory” Roth IRA. But, if you have a retirement withdrawn tax free (assuming conditions are met). plan containing pre-tax dollars (e.g., IRA, 401k, The key to remember is the payoff on the Roth is 403b, etc.), you may want to consider a Roth at the back end (the tree). When used correctly, IRA “conversion”. This strategy involves carving the Roth can be a very powerful financial planning off a portion of your pre-tax retirement assets, tool, whether you are in the accumulation phase paying taxes on them, and placing them into a of life (before retirement) or the distribution Roth IRA (existing or new). You may be think- phase of life (during retirement). In my experi- ing, “Why in the world would I self-impose a tax ence, most people in retirement do not under- liability like that?” The answer is tax control. You stand or believe getting money into a Roth IRA is are electing to choose how much taxes are paid, possible or sensible. Sometimes, it is definitely when, and by whom. Speaking very generally, both. when you earn money and want to save some of The Roth IRA has changed over the years. it for retirement, you get to choose when ordi- For example, starting in 2006, the Roth tax treat- nary income taxes will be paid: 1) when you are ment became available for accumulators making working (then save the after-tax money), 2) when contributions inside 401(k) plans (if the employ- you withdraw the pre-tax savings during retire- er’s plan includes it). So, there are now Roth ment (for living expenses), or 3) when your living IRAs and Roth 401(k)s. I coach clients to think heirs inherit the pre-tax money. The conversion of “Roth” as an optional tax treatment for your in- strategy helps you be in more control of #2 and vestment money. Accumulators are paying taxes #3. Let’s use a hypothetical example that may on the seed and planting it in the ground for a tax- not apply precisely to your personal situation, but free tree at retirement. MavenCross Wealth Ad- try to follow the planning thought process. The visors®, Financial Advisor and colleague, Vaughn strategy I’m describing may be applicable to you, Sparks, CFP®, says, “When you are working, mak- even if the numbers are not. ing money, and accumulating wealth, a dollar is Imagine a married couple, Mickey and Min- easier to come by than when you are retired and nie, who are both retired and 65 years of age. living on a fixed income.” Therefore, we often see They have $1,000,000 in a Traditional IRA (pre- folks in their 30s – 50s utilizing the Roth, but they tax money) and retirement income of $150,000 shouldn’t be alone. It is wise for almost anyone (comprised of Social Security, pensions, and IRA to be asking, “Can the Roth tax treatment benefit distributions). The Traditional IRA is money that me?” has never been taxed before. One thing is for This article is not going to cover every nu- sure, unless you plan correctly, Uncle Sam WILL ance of the Roth tax treatment. If it did, you get his tax hands on that $1,000,000, even if it would either fall asleep by the fifth paragraph or means waiting for you to die. Taxation of those toss the article in the garbage when you noticed dollars will occur under at least one of the follow- ing scenarios: 36 | smithlakeliving.com Continued on Page 38

Jeff Roberts ChFC®, CRPC®, CFS®, CKA®, BFA™, APMA®, AEP® Private Wealth Advisor | Founder and President MavenCross Wealth Advisors®, a private wealth advisory practice of Ameriprise Financial Services, LLC (205) 313-9150 * [email protected] * mavencrosswealth.com Financial Planning for 30 Years Ranks Among Alabama's Top Leaders in Financial Planning Dedicated to being \"the obvious choice for guiding clients to joyfully steward their resources.\" Barron's® Top 1,000 Advisors, 2009-2011 Barron's® Top 1,200 Advisors, 2014-2022 CA Insurance #0G34699 Barron's® generates its rankings from a formulaic analysis of surveys answered by candidates regarding assets, revenue, and quality of practice, including an advisor's regulatory and compliance record. Barron's® is a registered trademark of Dow Jones, L.P.; all rights reserved. This award is not indicative of this advisor's future performance. Neither Ameriprise Financial nor its advisors pay a fee to Barron's in exchange for the ranking. The Compass is a trademark of Ameriprise Financial, Inc. Investment advisory products and services are made available through Ameriprise Financial Services, LLC, a registered investment adviser. Ameriprise Financial Services, LLC. Member FINRA and SIPC. © 2023 Ameriprise Financial, Inc. All rights reserved. smithlakeliving.com I 37

The Seed, The Tree, and Uncle Sam 1) The couple withdraws portions of their Tra- a specified amount money out of their Tradition- ditional IRA nest egg for supplemental retirement al IRA account, pay taxes in the brackets they income needs; control, and move the amount into a Roth IRA 2) Money is forced out of the Traditional IRA every where it can grow and pass on to their heirs tax year starting at age 73 (or 75 depending on your cur- free. They are paying taxes on way more than the rent age) under the IRS’s required minimum distribu- seed but, in this case, the tree they pay taxes on tion (RMD) rules; or (or part of it) is less than it would be if left to their 3) Both spouses pass away and leave the money kids. What I am describing is proactive income to their living beneficiaries (let’s assume, their chil- tax harvesting, where people are in more control dren) who will pay tax on the inherited money in their of the inevitable taxes that are paid, how much, respective tax brackets. when, and by whom. It is very likely all three scenarios will play Let’s consider another hypothetical where out for our retired couple (Mickey and Minnie). Fred and Wilma’s income is below that of Mickey In this case, and many like it, the Traditional IRA and Minnie. Assume their retirement income is is like a tax timebomb waiting to go off. As finan- $100,000 or less (comprised of Social Security, cial advisors, our goal is to help people under- pensions, and Traditional IRA distributions). They stand those inevitable scenarios and then use are likely in the 12% federal tax bracket, with financial planning to tilt the tax scales in their room for more income before reaching the 22% favor as much as possible. bracket. In that example, again, it may make With their $150,000 retirement income, sense to use the Roth IRA conversion strategy Mickey and Minnie are likely in the 22% feder- and harvest enough income from the Tradition- al tax bracket. Ten years ago (at 55 years of al IRA (along with their other income) to fill the age), when they were still working and had a entire 12% bracket. Generally speaking, if one $250,000 household income, they likely would can harvest taxable income in the 0%, 10%, or have been in the 28% federal tax bracket. 12% federal tax brackets, it is very wise to at Taking money out of the IRA today (and paying least consider doing so with the Roth IRA con- 22%) means they are paying less in taxes now version. Like many people, Fred and Wilma, as than they would have paid on the money when well as Mickey and Minnie, were likely in a higher they were working. Plus, the money they would tax bracket when they originally put the money have paid in taxes stayed in their account to in their pre-tax retirement plans. Additionally, compound their investment growth. That is a tax if one’s heirs are still working, the heirs could victory! easily be in a higher bracket, especially when Let’s also assume Mickey and Minnie have they inherit the Traditional IRA and are forced to very successful children who are working and start taking income distributions as the beneficia- currently in the 32%, 35%, or 37% tax bracket. ry. And, whatever you do, don’t toss out the ole The kids will inherit the Traditional IRA and be “I don’t care about all that because I’ll be dead. subjected to income in respect of a decedent That’s their problem.” I have heard that many (IRD). That’s just fancy financial advisor jargon many times, but it is simply not true. No one for “The kids will pay taxes on the inherited IRA wants to see their money go to the government assets.” So, do the math. If the government is when it can be given to their loved ones or their going to tax the IRA dollars at some point, who beloved charity. would pay less? Mickey and Minnie pay taxes Speaking of which, there is currently only at 22% or 24% while their kids pay taxes at a one way to entirely avoid the income taxes on much higher rate. In this hypothetical, it might your pre-tax Traditional IRA assets. At your death, make sense for Mickey and Minnie to do a Roth leave it to charity. 501(c)(3) non-profit organiza- IRA conversion. Again, this is where they take tions are tax-exempt entities. They can inherit/ Continued on Page 42 38 | smithlakeliving.com

Vaughn Sparks CFP®, CRPC®, APMA®, ADPA®,CFS®, AEP®, BFA™ Financial Advisor Financial Planning for Smith Lake MavenCross Wealth Advisors®, a private wealth advisory practice of Ameriprise Financial Services, LLC 31 Inverness Center Parkway - Suite 550, Birmingham, AL 35242 (205) 313-9150 * [email protected] * mavencrosswealth.com Dedicated to being \"the obvious choice for guiding clients to joyfully steward their resources.\" Not Federally Insured | No Financial Institution Guarantee | May Lose Value Investment advisory products and services are made available through Ameriprise Financial Services, LLC, a registered investment adviser. The Compass is a trademark of Ameriprise Financial, Inc. Ameriprise Financial Services, LLC. Member FINRA and SIPC. © 2023 Ameriprise Financial, Inc. All rights reserved. smithlakeliving.com I 39





The Seed, The Tree, and Uncle Sam receive donations directly from your most taxable retirement accounts and withdraw the assets income tax free. Therefore, if you are inclined to leave some of your assets to a non-profit organization (e.g., church, charity, etc.) at your death, consider leaving it your most taxable assets. Designate your Tradi- tional IRA (or part of it) to be what you pass to the non-profit and leave less taxable assets to your living beneficiaries. That’s a no-brainer. As you can see, financial planning in retirement can certainly involve a Roth IRA. The more money you convert into a Roth IRA before reaching age 73 (currently), the less you are forced to take out of your Traditional IRA under the required minimum distribution (RMD) rules. RMDs can sometimes force retir- ees into higher tax brackets when they fail to fill up the lower bracket(s) in the years before the money was required to come out. Remember, the goal is tax control (how much, when, and by whom). Harvesting taxable income and the Roth IRA conversion strategy for people in retirement is com- plex, but it is not impossible. For purposes of this article, I have oversimplified things a bit. Yes, there are some other factors to consider when you elevate income in retirement (triggering Social Security taxation, increasing Medicare premium expenses, knowing how much to harvest without slipping into the next marginal tax bracket, etc.). Yes, Roth IRAs are only 100% tax free if you hold them for certain time frames and/or until age 59.5. Yes, there are other factors that may need to be considered as well (liquidity, health conditions, retirement projections). And, yes, tax laws are always changing, making the tax time bomb a moving target. Confused? Not to worry. You are not alone. These are all factors you should be discussing regularly with your CPA and your financial advisor. My entire point is this . . . . Have the conversation! Uncle Sam hopes you don’t. (1) www.slickcharts.com/sp500/returns (2) www.macrotrends.net/2623/nasdaq-by-year-historical-annual-returns (3) www.ishares.com/us/products/239458/ishares-core-total-us-bond-market-etf (4) PGIM Investments, “Putting Recent Bond Market Volatility In Perspective” (5) www.forbes.com/advisor/investing/fed-funds-rate-history/ (6) www.nerdwallet.com/article/finance/fed-rate-look-back-look-ahead (7) Ameripise Pricecard (02/17/2023) (8) www.usinflationcalculator.com/inflation/current-inflation-rates/ (9) www.commerce.gov/news/blog/2023/02/news-unemployment-its-lowest-level-54-years The views expressed here reflect the views of Jeff Roberts as of February 21, 2023. These views may change as market or other conditions change. Actual investments or investment decisions made by Ameriprise Financial and its affiliates, whether for its own account or on behalf of clients, will not necessarily reflect the views expressed. This information is not intended to provide investment advice and does not account for individual investor circumstances. Investment decisions should always be made based on an investor’s specific financial needs, objectives, goals, time horizon, and risk tolerance. Past performance does not guarantee future results, and no forecast should be considered a guarantee either. These illustrations are hypothetical and are not meant to represent any specific investment or imply any guaranteed rate of return. The S&P 500 Index is a basket of 500 stocks that are considered to be widely held. The S&P 500 index is weighted by market value (shares outstanding times share price), and its performance is thought to be representative of the stock market as a whole. The S&P 500 index was created in 1957, although it has been extrapolated backwards to several decades earlier for performance comparison purposes. This index provides a broad snapshot of the overall US equity market. Over 70% of all U.S. equity value is tracked by the S&P 500. Inclusion in the index is determined by Standard & Poor’s and is based upon their market size, liquidity, and sector. The Bloomberg Capital U.S. Aggregate Index is an index comprised of approximately 6,000 publicly traded bonds including U.S. government, mortgage-backed, corporate, and Yankee bonds with an average maturity of approximately 10 years. The index is weighted by the market value of the bonds included in the index. This index represents asset types which are subject to risk, including loss of principal. Jeff Roberts, ChFC®, CRPC™, CFS®, CKA®, BFA™, APMA™, AEP® is a Private Wealth Advisor with, and Founder and President of, MavenCross Wealth Advisors®, a private wealth advisory practice of Ameriprise Financial Services, LLC in Birmingham, AL. He specializes in fee-based financial planning and wealth management strategies and has been in practice for 30 years. To contact him, call (205) 313-9150 or visit his website at mavencrosswealth.com. Offices are located at 31 Inverness Center Parkway – Suite 550, Birmingham, AL 35242 and 1400 Jack Warner Parkway – Suite 5, Tuscaloosa, AL 35404. Not FDIC or NCUA Insured No Financial Institution Guarantee May Lose Value The Compass is a trademark of Ameriprise Financial, Inc. Ameriprise Financial, Inc. and its affiliates do not offer tax or legal advice. Consumers should consult with their tax advisor or attorney regarding their specific situation. Ameriprise Financial is not affiliated with any religion or faith-based financial advisor organization. Investment advisory products and services are made available through Ameriprise Financial Services, LLC, a registered investment adviser. Ameriprise Financial Services, LLC. Member FINRA and SIPC. © 2023 Ameriprise Financial, Inc. All rights reserved. g hSmith Lake Livingtm 42 | smithlakeliving.com

Vist our location at 15010 County Road 222 Crane Hill, AL. 35053 Open Monday - Sunday “ Locally owned & operated family business , supported by our community .” Follow Us On 1-256-838-2223 Idea for shallow, rough, choppy, or high action water scenarios. Virtually maintenance free. The rear of the lift lowers under- water to allow loading of the boat as easily as pulling onto a trailer. Strengthens and adds buoyancy to the dock, while simultaneously protecting your boat. Special recycled polymer cradles never rot of mildew and are skid resistant, waterproof, and will never crack, chip, of splinter. These cradles will never a mark on your boat’s hull and are 100% main- tenance free. You will never have to replace them. Unique safety features to insure the wellbeing of loved ones and your boat. Works for any V-hull or pontoon boat – docks even the heaviest craft as easily as driving onto a trailer. smithlakeliving.com I 43

Harbison Self Storage ,LLC ICE VENDING STORAGE UNITS & LAUNDRY MAT 6526 COUNTY ROAD 41 Contact info: P.O. Box 65 Cell: (205) 388-1320 Arley , AL. 35541 (205) 471-3958 (205)388-0117 44 | smithlakeliving.com

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Introducing Operation ReConnect to Smith Lake By Trish Hand Airman Ryan Charrier is a ficulties of an overseas combat de- combat temporarily only to gear up for true American hero. He served our ployment. The nonprofit offers seven their next deployment. One testimo- great country as a United States Air nights of uninterrupted time together nial urges veterans and their families Force Technical Sergeant in the War in a resort environment free of charge. to take advantage of the gift of recon- in Afghanistan with the 442nd Fighter These reunions are typically located in nection time to “recharge from battle Wing. He understands the sacrifices coastal Alabama or Northwest Florida. weary to battle ready.” that service men and women and their Ryan was able to make his dream a As fate would have it, the families endure to protect our free- reality thanks to generous donations owner of the Smith Lake Cave House dom. Ryan was first deployed when from property owners and rental man- and CaveMan Productions learned his children were just eight and four agement companies. about Ryan Charrier and his impact- years old. While he was deployed in Since the inception of Opera- ful organization. Having always had Afghanistan in 2014, he had an idea tion ReConnect, it has grown consider- a soft spot for the military, the “Cave that has since grown into a success- ably. Ryan and his team have served Man” decided to get involved in Oper- ful nonprofit organization known as more than 1,000 military families over ation ReConnect by donating time at Operation ReConnect. The inspiration the past five years. Ryan values qual- the Smith Lake Cave House. He also for Operation ReConnect came when ity over quantity. What matters most helps to spread the word about this a fellow service member told Ryan to him is that Operation ReConnect amazing organization by informing that during his 28 years of military provides the best possible experience other Smith Lake homeowners how service and six deployments, he and for families to bond and make lifelong they can become a part of Operation his family had never been on a real memories together without incurring a ReConnect. family vacation. Ryan looked around financial burden. According to Jordan Shiv- and noticed all the other military fam- The impact that this quality ers, Smith Lake Cave hostess, many ilies who were separated. He thought time together has had on so many Smith Lake properties are second or that what these families needed and veterans and their families is evident third homes, not primary residences. craved more than anything was quali- by the testimonials that can be found “Both sides of my family live on the ty time together. Therefore, he decid- on the Operation ReConnect website. lake, and I’ve always been shocked at ed to make it his life goal to reconnect Heartfelt letters exude gratitude and how many beautiful homes sit empty combat veterans and their families appreciation for Ryan and all the kind a large part of the year,” Jordan said. after overseas deployments. people who donate vacant time at It would be easy for these lake home- The mission of Operation Re- their properties so that service fami- owners to donate a few days on Smith Connect is to provide the gift of time lies can reunite and unwind after de- to service men and women and their ployment. Many of these service men Continued on Page 50 families who have dealt with the dif- and women have returned home from 46 I smithlakeliving.com

ARROWHEAD RV PARK 256 -747 - 2519 761 COUNTY ROAD 941 CRANE HILL, AL. 35053 BOAT LAUNCH AVAILABLE FOLLOW US ON FACEBOOK SALT WATER POOL ON SITE WWW:FACEBOOK.COM/ARROWHEADRVPARKSMITHLAKE ARROWHEAD BAR & GRILL Restaurant features Karaoke, 256 - 727 - 5200 live music & bingo on select dates. Open: Thursday - Sunday Dine in or Take Out Available 761 COUNTY ROAD 941 FOLLOW US ON FACEBOOK CRANE HILL, AL. 35053 www.facebook.com/ArrowheadBar&Grill smithlakeliving.com I 47

Supporting local businesses! The Lake Company hats and apparel, Beehive Bathhouse, and One Nation CBD from our local Wagon Trail Hemp Farms HERITAGE DODGE CITY CULLMAN PHARMACY 256-287-3333 256-737-3773 561 AL HWY 69 S 1701 Main Ave. SW visit www.heritagepharmacyal.com Don’t TEXT and DRIVE ! ~ Stay Alert • Drive Defensively • Obey the Speed Limit & Traffic Laws • Be Safe ~ Cullman County Sheriff’s Office Sheriff Matt Gentry (256) 734-0342 1910 Beech Avenue S.E. Cullman, AL. 35055 @ Cullman.Sheriff 48 | smithlakeliving.com

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Lake for the veterans and their families to enjoy uninterrupted, quality time together. Jordan feels that Smith Lake would be “a natural place for veterans to reconnect in the summer or winter months because of its beautiful atmosphere and the restorative, healing quality of being on the water.” Continued on Page 52 50 | smithlakeliving.com