Lemar Williams - Traditions, Wealth, and Legacy

07/26/2024

A pension that is well funded is like finding gold for your retirement plan.

If you're one of the fortunate individuals with a pension plan, you've got a powerful tool in your retirement planning toolkit. But like any tool, it's most effective when used wisely. That's where we come in as financial advisors.

Having a pension can offer a sense of security, but it also brings questions. Should you take a lump sum or monthly payments? How will this income impact your taxes? What happens to your pension if you pass away?

Working with a financial advisor can help you navigate these questions and more. We can assist in integrating your pension into a comprehensive retirement strategy that considers all your financial resources and goals.

Remember, retirement isn't just about surviving, it's about thriving. With careful planning and knowledgeable guidance, we can help ensure your pension serves you well in your golden years.

Reach out to us today for a comprehensive review of your retirement strategy. Let's make the most of your pension and create the retirement you've dreamed of all your life.

05/10/2023

Your needs don’t stay the same when the nest empties, but what changes?

Do your insurance needs stay the same when the nest empties?

05/02/2023

11/16/2022

Have you heard about the new, record-high retirement contribution limits from the IRS? Read about it in our new article.

A look at the new, record-high retirement contribution limits from the IRS.

10/19/2022

Current mortgage interest rates should not be the only factor to consider when buying a home. The following are just as important...

• Do you plan to be in the home for a long time?
• Is the home in a community you love?
• Is the home in a good school district for your kids?
• Do you need more space?

Your dream home is not out of reach because mortgage rates are higher. You need to be patient, continue to save, be prepared for a larger down payment, and wait for the right opportunity.

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Demand for mortgages to buy a home and to refinance fell again, as interest rates kept rising.

09/29/2022

I’m excited to share I’ve been selected by the Association of African American Financial Advisors - AAAA as a 50 Under 50 Award Recipient for 2022!*

It's truly an honor and a privilege to be recognized by such an incredible organization!

Individual recognition is great, but I did not achieve this alone. Thank you to my entire family at Traditions Wealth & Legacy Planning Planning.

*Each year starting in 2019, AAAA honors Black/African American financial advisors/planner/consultants and industry executives who are distinguished leaders at their firms. These distinguished individuals have advanced the business of providing advice through their leadership, passion, creativity, and willingness to help their clients, communities, and other financial advisors/planner/consultants along the way.



Photo Credit: Digital Reveries Media

08/25/2022

My 3 Thoughts on Student Loan Forgiveness (If you’re eligible)

1. Use your 10K or more in debt forgiveness as a kick start to a PAY OF PLAN for the ENITIRE loan balance..

Regardless of your student loan size, these funds should be treated as a gift and no gift should be wasted. The government made a dent in your student loans, and you should create a plan to finish the rest.

2. Don’t continue to play the WAITING GAME on Student Loan Forgiveness.

Interest will be accrued on student loan debt regardless of the political wind. Waiting for the right politician to be in office is not effective strategy to tackle student loan debt.

3. Stop PRETENDING your Student Loans don't exist.

Not having a plan to pay down your loan, could mean your back in the same position in about 5 years. I’m assuming there is a remaining loan balance of about 30K and interest is being accrued daily on an annual rate of about 6%, and no further payments are made. The goal should be to earn 6% or more on your ASSETS and not on your LIABILITIES.

Let’s create a PLAN to tackle your student loans and work towards your Financial Independence!

Message me Directly or Contact the Advisory Team at Traditions Wealth and Legacy Planning.

President Joe Biden announced today that his administration will forgive up to $20,000 in student loan debt for federal borrowers. That debt relief will go a lot further in some states than in others. Total federal student loan debt in the U.S.