Today, we are diving into RMD and why it is important. Required Minimum Distributions are called RMDs for simplification. The most common RMD is from your retirement account. However, if you inherit someone else’s retirement account, you can also have a separate RMD for that account each year. To clarify what an RMD is, think […]
What is Medicare, and What You Need to Know?
Planning for health insurance when you are retired is an integral part of a successful financial strategy. Medicare is a federal government health insurance program. The program is for people 65 and older. In addition, this insurance may be used for disabled people as decided by The Social Security Administration. One signs up through The Social […]
Mindful Breathing – The Power & Practice – Ch125
The American Psychological Association and the Mayo Clinic both suggest that mindfulness is essential for physical and mental health. So, what is mindfulness? Mindfulness definition Wikipedia defines mindfulness as… “The practice of purposely bringing one’s attention to the present-moment experience without evaluation.” But for most of us who are so busy, how can we become […]
Network Marketing Success with Jules Price – Ch112
In Network Marketing Success, Jules Prices, a world-renowned musical theater singer, shares the insight she has learned in the trenches while becoming a top-performing network marketer for Send Out Cards. She shares how critical our mindset is to success and that it is also one of the biggest factors in achieving any goal. There is […]
How to Make a Monthly Budget – Ch102
Updated January 9the, 2023 While many people may wonder how to make a monthly budget, few realize it can be something to look forward to instead of dread Because cash flow is so critical to creating an effective financial plan, budgeting is a necessary step on your journey. Making a monthly budget can be easy […]
What is a QDRO or QUADRO in Divorce Planning?
I say Queewdro; you say Quadro? Attorneys get paid to argue, so it makes sense that they can’t agree on how this divorce acronym is pronounced. The official acronym is QDRO, which is short for Qualified Domestic Relations Order. So, what exactly is a QDRO? The IRS definition is: “A QDRO is a judgment, decree […]