You heard it here first ladies….a man is NOT a retirement plan!
Today’s guest, Magdalena Johndrow has a better plan for women to take control of their own financial health! She’s worked on wall street at Barclays and JP Morgan, but now she is a partner at Johndrow Wealth Management located in Connecticut. She is frequently featured in outlets like Forbes, U.S. News, NPR, and Bloomberg and she regularly is seen on NBC CT news.
She considers herself a student-loan maven and has dedicated a lot of her work helping women going thru divorce to get a handle on their finances so they can live an independent and empowered life. Basically, she knows what’s up! Check out today’s epsiode.
Please note that the Securities and advisory services are offered through Commonwealth Financial Network, member FINRA/SIPC, (http://www.FINRA.org/www.SIPC.org) registered investment adviser. 2 Bridgewater Rd. Suite 101 Farmington CT 06032 ; 860-470-7424
The fees, expenses, and features of 529 plans can vary from state to state. 529 plans involve investment risk, including the possible loss of funds. There is no guarantee that a college-funding goal will be met. In order to be federally tax-free, earnings must be used to pay for qualified higher education expenses. The earnings portion of the nonqualified withdrawal will be subject to ordinary income tax at the recipient’s marginal rate and subject to a 10-percent penalty. By investing in a plan outside your state of residence, you may lose any state tax benefits. 529 plans are subject to enrollment, maintenance, and administration/ management fees and expenses.
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