Montgomery Community Media

The House recently passed the Secure Act – what does that mean for your personal finances? Watch District Capital’s Alvin Carlos’s recent analysis into the ways in which the new bill (expected to be signed into law) may affect you. https://youtube.com/watch?v=UdwjXC2SaVE

Two weeks ago, my client Carl (not his real name) asked me to put all of his $330,000 IRA retirement savings in Amazon. I couldn’t believe what I was hearing. I could not, in good conscience, implement this request. It is extremely imprudent to put all of our savings in a handful of stocks, let […]

We’ve heard many investment success stories. The Winklevoss twins are reportedly now billionaires through their early bitcoin investments. Our uncle who invested $10,000 in Berkshire Hathaway stock in 1965 would now have $88 million. What is the latest wealth generator out there today? We’ll give you four. They’re not the get-rich-quick schemes you may be […]

Employers are becoming increasingly concerned about the financial well-being of their employees, and they are expanding how they demonstrate their loyalty. Employers large and small are offering programs such as robust health insurance plans, on-site daycare, after school care, flexible work hours, Health Savings Accounts (HSA’s), and the ability to work remotely. Some companies also […]

The reality is, we tend to spend our time focusing on accumulating assets and retirement funds but what happens when it’s time to draw down those accounts and tap into our assets? It’s not always easy to shift gears and suddenly have to worry about finances and (gasp) stick to some kind of budget once […]

A Roth IRA is an individual retirement plan that with certain exceptions, is similar to a traditional IRA and subject to the rules that apply to a traditional IRA. For example, to be considered a Roth IRA, the account or annuity must be designated as a Roth IRA when it is opened. A deemed IRA […]