Ahh- those long-awaited words, “I’m about to retire!” does this conjure up visions of lying on the beach with an exotic drink, relaxing, and living your life in peace and tranquility? After all, you have worked for at least 30 years and look forward to retirement as a reward for all that hard work! Well, snap out of it! After a conversation with my millennial daughter, here are at least 6 things I found that […]
I had the opportunity to speak with the remarkable Jordan Johnson. At the ripe age of 19, he has the ambition and drives to take over the world. As an adolescent living in Upper Marlboro, Maryland, he knew early on that he did not want to work for anyone. He also knew that college wasn’t the only way to achieve greatness. The concept of working hard to make someone else rich and creating a ridiculous […]
Retirement should be a time of absolute happiness, relaxation, and a sense of life accomplishment. You have had a wonderful career, raised your family, serving your community, and otherwise paid your dues. For most, retirement presents that much-deserved opportunity to do all of those wonderful things you have patiently waited a lifetime to undertake: traveling, playing more golf, gardening, spending more time with family, volunteering at your place of worship and in your community, and […]
As part of the Tax Cuts and the Jobs Act that were enacted in 2017, Congress eliminated the provision that made it possible for people to undo a Roth conversion. This conversion was called a recharacterization. This means that when deciding to convert your traditional IRA, it better be a conscious decision. Fortunately, if you made the decision to convert your traditional IRA prematurely, Roth conversions are almost always a good idea. Converting something in […]
When it comes to a life insurance policy, there are so many options at your disposal that can help protect your family in case of any sudden unfortunate eventualities. Basically, life insurance policies fall into two main categories; term and permanent life insurance. With a term life insurance policy, the coverage is usually for a limited period of time say 10 years. If you die within that timeframe, the money is paid to your beneficiaries. […]
