MONTGOMERY COUNTY | MARYLAND | VOL. 3
WHAT’S INSIDE TOURNAMENT SCHEDULES P G A • LPGA • GRAND SLAM TE N N I S RECOMMENDED SERVICE DIRECTORY INV E S TI NG • TRAVEL • LIVING
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FEATURES 4
Luxury Living Ideas
11 Exciting Travel Destinations 28 Countdown to Retirement
TOURNAMENT SCHEDULES 18
LPGA Tournaments
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PGA Tournaments
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Grand Slam Tennis Tournaments - Australian
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Grand Slam Tennis Tournaments - French
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Grand Slam Tennis Tournaments - Wimbledon
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Grand Slam Tennis Tournaments - US Open
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Recommended Service Directory
• Promote your brand • Earn new clients • Grow your business
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MONTGOMERY COUNTY | MARYLAND | VOL. 3
LUXURY
LIVING IDEAS OPEN FLOOR PLANS
A Luxurious home is not just well appointed, it is one where the amenities allow you to feel spoiled. Pools, saunas, in-home gyms, backyard tennis courts, game rooms, and wine cellars are a few things that come to mind.
An open floor plan is one of the most sought-after criteria when deciding on a new home purchase or a new renovation idea. An open and airy floor plan allows the homeowner to elaborate on their design aesthetic and showcase the home’s individual, luxurious features, like a grand entryway or a beautifully designed staircase.
OUTDOOR KITCHENS If opulence and luxury are key, then a standard, fully-stocked kitchen is simply no longer enough. One may consider adding a cozy outdoor living area complete with outdoor kitchen, featuring built-in gas grills and refrigerated food and drink storage. Some other top amenities include expansive outdoor pools with water features such as waterfalls, hot tubs, changing cabanas, and saunas.
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MONTGOMERY COUNTY | MARYLAND | VOL. 3
WINE CELLARS Exquisite wine storage is another amenity that most affluent homes contain. Private wine cellars built using materials such as glass and wood and are often thought to be works of art themselves. When considering one of these beauties, many factors come into play. One will want to consider the placement, temperature, humidity control, and of course bottle size accommodations.
LOCATION IS EVERYTHING When it comes to luxury home ownership, nothing beats a great location. Everyone desires their own slice of blissful paradise. One of the most important aspects to consider are privacy features such as bushes, hedges, trees or walls. The right landscape design features provide a concealed oasis, where one can relax and wind down. Picture yourself in a secluded ranch or gated beachfront enclave! (... continued on page 8) 6
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Contact us to make the necessary and the impossible happen—as well as the little things, too.
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MONTGOMERY COUNTY | MARYLAND | VOL. 3
GAME ROOMS Game rooms or entertainment rooms are an old idea, but still on top of the list of luxury living ideas. Some would argue a luxury home is not complete without an inhome theatre or game room. The boundaries continue to be expanded with extra amenities such as indoor basketball courts, lavish sports bar set-ups, exquisite billiard areas, additional televisions and beverage storage.
IN-HOME TECHNOLOGY
This newer trend has taken over the luxury market by storm, and these technological innovations have garnered the new term of “Smart Homes,� and along with it, smart devices. When it comes to technology, most luxury builders cater to this tech-trend and offer amenities to help with just about all facets of home management. Some things you can do at the touch of a button or smartphone are control indoor climate, window and door security, and lighting. Additionally, an integrated smart home provides the owner with remote access cameras and security systems. 8
(... continued on page 10)
MONTGOMERY COUNTY | MARYLAND | VOL. 3
DRESSING ROOMS A dressing room is simply an extension of the master bedroom. This feature is commonly a top priority for the wealthy, as it functions as a place to both store and display lavish items such as purses, shoes, hats, and jewelry. There is an increasing demand among the jet-set crowd for larger and more lavish closet designs. Typical setups include cedar shelving, storage chests, ample lighting, and mirrors for cosmetics or modeling outfits.
LUXURY LIVING IDEAS
MONTGOMERY COUNTY | MARYLAND | VOL. 3
TRENDING LOCATIONS FOR A GREAT VACATION
EXCITING TRAVEL
Destinations If you are looking for some exciting and awe inspiring travel destinations, consider the following locations.
1. Sweden, a Scandinavian nation in Europe, offers some wonderful natural experiences and places to visit. Enjoy hiking in vast boreal forests and witness an all-white wild moose. Most principal cities, including Stockholm, are all coastal and offer breathtaking views of the towns and waterfront areas. There are historic medieval towns, an abundance of bridges, royal palaces, and museums to visit. Another sight you will not want to miss are the Northern Lights in Lapland. 2. Tenerife, Spain is the largest of the Canary Islands, which is dominated by Spain’s tallest peak, and dormant volcano, Mt. Teide. Enjoy parades, music, dancing, and a variety of colorful costumes at the Carnaval de Santa Cruz. The island hosts many beaches, some featuring black sand, resort areas to enjoy your stay, high-end restaurants, night clubs, golf courses, and water based sports. 3. Greece, a southeastern European country with thousands of islands to explore and enjoy. (...continued on page 12)
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MONTGOMERY COUNTY | MARYLAND | VOL. 3
There are a vast amount of sites to visit and places to see that tickle any particular interest. With a plethora of archaeological sites, museums, and historical tours, there is a lot to see and do. To name a few notable sites, The Acropolis is a must see as it is home to some of the most marvelous architectural feats known to exist by this advanced civilization, including the Parthenon and Erecthion. The Panathinaiko Stadium in Athens is the world’s only stadium built in its entirety of marble. This site is home to the first modern Olympics in 1896, where it held
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a whopping 80,000 people. Aside from the numerous archeologic areas, Greece also has wonderful beaches, hotels, bars, restaurants, tours, ferries, and charters. 4. France, known for its exquisite cuisine, is also home to famous fashion houses, many classical art museums including the Louvre, and monuments such as the Eiffel Tower, the Seine, Notre-Dame cathedral, Arc de Triomphe, and the Palace of Versailles. There are also magnificent parks, great music, ancient cave drawings, and renowned wine tasting sites.
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2020 LPGA TOURNAMENT SCHEDULE DATES JAN 13 -19 JAN 20 - 26 FEB 3 - 9 FEB 10 - 16 FEB 17 - 23 FEB 24 - MAR 1 MAR 2 - 8 MAR 16 - 22 MAR 23 - 29 MAR 30 - APR 5 APR 13 - 18 APR 20 - 26 APR 27 - MAY 3 MAY 11 - 17 MAY 18 - 24 MAY 25 - 31 JUN 1 - 7 JUN 8 - 14 JUN 15 - 21 JUN 22 - 28 JUL 6 - 12 JUL 13 - 18 JUL 20 - 26 AUG 10 - 16 AUG 17 - 23 AUG 24-30 AUG 31 - SEP 6 SEP 7 - 13 SEP 28- OCT 4 OCT 12 - 18 OCT 19 - 25 OCT 26 - NOV 1 NOV 2 - 8 NOV 16 - 22
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TOURNAMENT
Diamond Resorts Tournament of Champions presented by Insurance Office of America Gainbridge LPGA at Boca Rio Boca Rio Golf Club, Boca Raton, Florida Vic Open 13th Beach Golf Links, Victoria, Australia 3227 ISPS Handa Women’s Australian Open Royal Adelaide Golf Club, Adelaide, South Australia Honda LPGA Thailand Siam CC - Old Course, Chonburi, Thailand 20150 HSBC Women’s World Championship Sentosa GC-New Tanjong Course, Singapore 099892 Blue Bay LPGA Jian Lake Blue Bay Golf Club, People’s Republic of China Bank Of Hope Founders Cup Wildfire GC, Phoenix AZ 85054 Kia Classic Aviara GC, Carlsbad, CA 92009 ANA Inspiration Mission Hills CC, Rancho Mirage, CA 92270 LOTTE Championship Ko Olina GC, Oahu, HI 96707 Hugel-Air Premia LA Open Wilshire CC, Los Angeles, CA 90004 LPGA MEDIHEAL Championship Lake Merced GC, Daly City, CA 94015 Pelican Women’s Championship presented by DEX Imaging Pure Silk Championship Kingsmill Resort, Williamsburg, VA 23185 ShopRite LPGA Classic Presented by Acer presented by Acer U.S. Women’s Open Championship conducted by the USGA Meijer LPGA Classic For Simply Give Blythefield CC, Grand Rapids, MI 49305 Walmart NW Arkansas Championship Pinnacle CC, Rogers, AR 72758 KPMG Women’s PGA Championship Aronimink Golf Club, Pennsylvania Marathon Classic Highland Meadows GC, Sylvania, OH 43560 Dow Great Lakes Bay Invitational Midland CC, Midland, MI 48642 The Evian Championship Evian Resort GC, 74500 Evian-les-Bains, France Aberdeen Standard Investments Ladies Scottish Open The Renaissance Club, North Berwick, Scotland EH39 5HS AIG Women’s British Open Royal Troon Golf Club, Troon, Scotland UL International Crown Centurion Club, St. Albans, England CP Women’s Open Magna Golf Club, Ontario, Canada L4G 7C3 Cambia Portland Classic Columbia Edgewater CC, Portland, OR 97211 Volunteers of America Classic Old American GC, The Colony, TX 75056 Buick LPGA Shanghai
Shanghai Qizhong Garden GC, Minhang District, Shanghai, China
BMW Ladies Championship LPGA International Busan, South Korea Swinging Skirts LPGA Taiwan Championship TOTO Japan Classic Seta Golf Course-North, Shiga, Japan CME Group Tour Championship Ritz Carlton Golf Resort-Tiburon GC, Naples, FL 34109
* Schedule subject to change PURSE
DEFENDING CHAMPION
$1,200,000
(Eun-Hee Ji)
$2,000,000
(Inaugural Year)
$1,100,000
(Celine Boutier)
$1,300,000
(Nelly Korda)
$1,600,000
(Amy Yang)
$1,500,000
(Sung Hyun Park)
$2,100,000
(Gaby Lopez 2018)
$1,500,000
(Jin Young Ko)
$1,800,000
(Nasa Hataoka)
$3,100,000
(Jin Young Ko)
$2,000,000
(Brooke Henderson)
$1,500,000
(Minjee Lee)
$1,800,000
(Sei Young Kim)
$1,750,000
(Inaugural Year)
$1,300,000
(Bronte Law)
$1,750,000
(Lexi Thompson)
$5,500,000
(Jeonguen Lee6)
$2,300,000
(Brooke Henderson)
$2,000,000
(Sung Hyun Park)
$4,300,000
(Hannah Green)
$1,850,000
(Sei Young Kim)
$2,300,000
(Cydney Clanton) (Jasmine Suwannapura)
$4,100,000
(Jin Young Ko)
$1,500,000
(Mi Jung Hur)
$4,500,000*
(Hinako Shibuno)
$1,600,000
(Team Korea)
$2,350,000
(Jin Young Ko)
$1,300,000
(Hannah Green)
$1,400,000
(Cheyenne Knight)
$2,100,000
(Danielle Kang)
$2,000,000
(Inaugural Year)
$2,200,000
(Nelly Korda)
$1,500,000
(Nasa Hataoka)
$5,000,000
(Lexi Thompson)
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2020 PGA TOURNAMENT SCHEDULE
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DATES
TOURNAMENT
DEFENDING CHAMPION
JAN 2 - 5
Sentry Tournament of Champions Plantation Course at Kapalua, Kapalua, Maui, HI
Xander Schauffele $1,300,000
JAN 9 - 12
Sony Open in Hawaii Waialae CC, Honolulu, HI
Matt Kuchar $1,152,000
JAN 16 - 19
Desert Classic Stadium Course, La Quinta, CA
Adam Long $1,062,000
JAN 23 - 26
Farmers Insurance Open Torrey Pines GC (South), San Diego, CA
Justin Rose $1,278,000
JAN 30 - FEB 2
Waste Management Phoenix Open TPC Scottsdale, Scottsdale, AZ
Rickie Fowler $1,278,000
FEB 6 - 9
AT&T Pebble Beach Pro-Am Pebble Beach GL, Pebble Beach, CA
Phil Mickelson $1,368,000
FEB 13 - 16
The Genesis Invitational Riviera CC, Pacific Palisades, CA
J.B. Holmes $1,332,000
FEB 20 - 23
Puerto Rico Open Coco Beach Golf & CC, Rio Grande, PUR
Martin Trainer $540,000
FEB 20 - 23
World Golf Championships-Mexico Championship Club de Golf Chapultepec, Mexico City, MEX
Dustin Johnson $1,745,000
FEB 27 - MAR 1
The Honda Classic PGA National (Champion), Palm Beach Gardens, FL
Keith Mitchell $1,224,000
MAR 5 - 8
Arnold Palmer Invitational presented by Mastercard Bay Hill Club & Lodge, Orlando, FL
Francesco Molinari $1,638,000
MAR 12 - 15
THE PLAYERS Championship TPC Sawgrass, Ponte Vedra Beach, FL
Rory McIlroy $2,250,000
MAR 19 - 22
Valspar Championship Innisbrook Resort (Copperhead), Palm Harbor, FL
Paul Casey $1,206,000
MAR 26 - 29
Corales Puntacana Resort & Club Championship Corales Golf Club, Punta Cana, DOM
Graeme McDowell $540,000
MAR 26 - 29
World Golf Championships-Dell Technologies Match Play Austin Country Club, Austin, TX
Kevin Kisner $1,745,000
APR 2 - 5
Valero Texas Open TPC San Antonio - AT&T Oaks, San Antonio, TX
Corey Conners $1,350,000
APR 9 - 12
Masters Tournament Augusta National GC, Augusta, GA
Tiger Woods $2,070,000
APR 16 - 19
RBC Heritage Harbour Town GL, Hilton Head, SC
C.T. Pan $1,242,000
APR 23 - 26
Zurich Classic of New Orleans TPC Louisiana, Avondale, LA
R. Palmer / J. Rahm $1,051,200
APR 30 - MAY 3
Wells Fargo Championship Quail Hollow Club, Charlotte, NC
Max Homa $1,422,000
MAY 7 - 10
AT&T Byron Nelson Trinity Forest Golf Club, Dallas, TX
Sung Kang $1,422,000
MAY 14 - 17
PGA Championship TPC Harding Park, San Francisco, CA
Brooks Koepka $1,980,000
MAY 21 - 24
Charles Schwab Challenge Colonial CC, Fort Worth, TX
Kevin Na $1,314,000
MAY 28 - 31
Rocket Mortgage Classic Detroit Golf Club, Detroit, MI
Nate Lashley $1,314,000
JUN 4 - 7
The Memorial Tournament presented by Nationwide Muirfield Village GC, Dublin, OH
Patrick Cantlay $1,638,000
JUN 11 - 14
RBC Canadian Open St. George’s G&CC, Toronto, ON, CAN
Rory McIlroy $1,368,000
2020 PGA TOURNAMENT SCHEDULE DATES
TOURNAMENT
DEFENDING CHAMPION
JUN 18 - 21
U.S. Open Winged Foot GC, Mamaroneck, NY
Gary Woodland $2,250,000
JUN 25 - 28
Travelers Championship TPC River Highlands, Cromwell, CT
Chez Reavie $1,296,000
JUL 2 - 5
Barracuda Championship Montreux G&CC, Reno, NV
Collin Morikawa $630,000
JUL 2 - 5
World Golf Championships-FedEx St. Jude Invitational TPC Southwind, Memphis, TN
Brooks Koepka $1,745,000
JUL 9 - 12
John Deere Classic TPC Deere Run, Silvis, IL
Dylan Frittelli $1,080,000
JUL 16 - 19
Barbasol Championship Keene Trace Golf Club, Nicholasville, KY
Jim Herman $630,000
JUL 16 - 19
The Open Championship Royal St. George’s GC, Sandwich, Kent, ENG
Shane Lowry $1,935,000
JUL 23 - 26
3M Open TPC Twin Cities, Blaine, MN
Matthew Wolff $1,152,000
JUL 30 - AUG 2
Olympic Men’s Golf Competition Kasumigaseki Country Club, Saitama, JPN
Justin Rose
AUG 6 - 9
Wyndham Championship Sedgefield CC, Greensboro, NC
J.T. Poston $1,116,000
AUG 13 - 16
THE NORTHERN TRUST TPC Boston, Norton, MA
Patrick Reed $1,665,000
AUG 20 - 23
BMW Championship Olympia Fields CC (North), Olympia Fields, IL
Justin Thomas $1,665,000
AUG 27 - 30
TOUR Championship East Lake GC, Atlanta, GA
Rory McIlroy
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2020 GRAND SLAM TOURNAMENT SCHEDULE Date
Session
Rod Laver
Margaret Court
Wed 1/15
Outside Courts 10:00am
Featured Matches Qualifying
Thu 1/16
10:00am
Qualifying
Fri 1/17
10:00am
Qualifying
Sat 1/18
10:00am
Qualifying
Sun 1/19
no play
Mon 1/20 Tue 1/21
Day
11:00am
11:00am
11:00am
Night
7:00pm
–
–
Day
11:00am 7:00pm
11:00am
11:00am
–
–
11:00am
11:00am –
2nd singles round
11:00am
11:00am
2nd singles round
–
–
11:00am 7:00pm
11:00am 7:30pm
11:00am
11:00am 7:00pm
11:00am 7:30pm
11:00am
11:00am 7:00pm
11:00am
11:00am
–
–
11:00am
11:00am
–
–
no play
11:00am
Night Wed 1/22
Day
11:00am 7:00pm
Night Thu 1/23
Day
Day
11:00am 7:00pm
Night Sat 1/25
Day
Day Day
11:00am 7:30pm
Night Tue 1/28
Day
11:00am 7:00pm
Night Wed 1/29
Day Day
11:00am 7:30pm
no play
Twilight
11:00am 7:30pm
no play
Twilight
3:00pm
no play
Twilight
11:00am
1:00pm 4:30pm 7:00pm
3:00pm –
no play
7:30pm Sun 2/1
11:00am
– 7:30pm
Sat 2/1
4th singles round Quarterfinal Singles Quarterfinal Singles
–
Night Fri 1/31
4th singles round
–
Night Thu 1/30
3rd singles round
–
Night Mon 1/27
3rd singles round
–
Night Sun 1/26
1st singles round
–
Night Fri 1/24
1st singles round
1:00pm –
no play
no play
2 x Women’s Singles Semifinal 1 x Men’s Singles Semifinal Women’s Doubles Final 1 x Men’s Singles Semifinal Men’s Doubles Final Women’s Final Mixed Doubles Final Men’s Singles Final
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2020 GRAND SLAM TOURNAMENT SCHEDULE DATE
24
PLAY START
SESSION
Mon May 25
11:00 AM
Day-First Round
Tue May 26
11:00 AM
Day-First Round
Wed May 27
11:00 AM
Day-First Round
Thu May 28
11:00 AM
Day-Second Round
Fri May 29
11:00 AM
Day-Second Round
Sat May 30
11:00 AM
Day-Third Round
Sun Jun 31
11:00 AM
Day-Third Round
Mon Jun 1
11:00 AM
Day-Fourth Round
Tue Jun 2
11:00 AM
Day-Fourth Round
Wed Jun 3
11:00 AM
Day-Quarter Finals
Thu Jun 4
12:00 PM
Day-Quarter Finals
Fri Jun 5
12:00 PM
Day-Women’s Semi Finals
Sat Jun 6
12:00 PM
Day-Men’s Semi Finals
Sun Jun 7
12:00 PM
Day-Women’s Finals
Mon Jun 8
12:00 PM
Day -Men’s Finals
2020 GRAND SLAM TOURNAMENT SCHEDULE DATE
PLAY START OUTER COURTS
PLAY START SESSION SHOW COURTS
Mon Jun 29
12:00 PM
1:00 PM
First Round
Tues Jun 30
12:00 PM
1:00 PM
First Round
Wed Jul 1
12:00 PM
1:00 PM
Second Round
Thu Jul 2
12:00 PM
1:00 PM
Second Round
Fri Jul 3
12:00 PM
1:00 PM
Third Round
Sat Jul 4
12:00 PM
1:00 PM
Third Round
Sun Jul 5
–
–
Mon Jul 6
12:00 PM
1:00 PM
Round of 16
Tue Jul 7
12:00 PM
1:00 PM
Womens Quarterfinals
Wed Jul 8
12:00 PM
1:00 PM
Mens Quarterfinals
Thu Jul 9
12:00 PM
1:00 PM
Womens Semifinals
Fri Jul 10
12:00 PM
1:00 PM
Mens Semifinals
Sat Jul 11
12:00 PM
2:00 PM
Womens Finals
Sun Jul 12
12:00 PM
2:00 PM
Mens Finals
No Play
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2020 GRAND SLAM TOURNAMENT SCHEDULE SESSION
26
DATE
SCHEDULE
PLAY START
MATCHES
Tue 25 Aug
Day
11:00 AM
Qualifying Tournament
Wed 26 Aug
Day
11:00 AM
Qualifying Tournament
Thu 27 Aug
Day
11:00 AM
Qualifying Tournament
Fri 28 Aug
Day
11:00 AM
Qualifying Tournament
Sat 29 Aug
Day
9:30 AM
Arthur Ashe Kids’ Day
1
Mon 31 Aug
Day
11:00 AM
Men’s / Women’s R1
2
Mon 31 Sep
Night
7:00 PM
Men’s / Women’s R1
3
Tue 1 Sep
Day
11:00 AM
Men’s / Women’s R1
4
Tue 1 Sep
Night
7:00 PM
Men’s / Women’s R1
5
Wed 2 Sep
Day
11:00 AM
Men’s / Women’s R2
6
Wed 2 Sep
Night
7:00 PM
Men’s / Women’s R2
7
Thu 3 Sep
Day
11:00 AM
Men’s / Women’s R2
8
Thu 3 Sep
Night
7:00 PM
Men’s / Women’s R2
9
Fri 4 Sep
Day
11:00 AM
Men’s / Women’s R3
10
Fri 4 Sep
Night
7:00 PM
Men’s / Women’s R3
11
Sat 5 Sep
Day
11:00 AM
Men’s / Women’s R3
12
Sat 5 Sep
Night
7:00 PM
Men’s / Women’s R3
13
Sun 6 Sep
Day
11:00 AM
Men’s / Women’s Round of 16
14
Sun 6 Sep
Night
7:00 PM
Men’s / Women’s Round of 16
15
Mon 7 Sep
Day
11:00 AM
Men’s / Women’s Round of 16
16
Mon 7 Sep
Night
7:00 PM
Men’s / Women’s Round of 16
17
Tue 8 Sep
Day
11:00 AM
Men’s / Women’s Quarterfinals
18
Tue 8 Sep
Night
7:00 PM
Men’s / Women’s Quarterfinals
19
Wed 9 Sep
Day
11:00 AM
Men’s / Women’s Quarterfinals
20
Wed 9 Sep
Night
7:00 PM
Men’s / Women’s Quarterfinals
21
Thu 10 Sep
Night
7:00 PM
Women’s Semifinals
22
Fri 11 Sep
Day
12:00 PM
Mixed Doubles Final / Men’s Semifinals
23
Sat 12 Sep
Day
12:00 PM
Men’s Doubles Final / Women’s Final
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Sun 13 Sep
Day
12:00 PM
Women’s Doubles Final / Men’s Final
MONTGOMERY COUNTY | MARYLAND | VOL. 3
The Countdown
To Retirement
Money See Where You Stand - It’s time to assess how prepared, or unprepared, you are financially for retirement.
•
Take a quick test: Assuming your retirement is about 10 years away, you want to have roughly seven times your current salary in savings, according to research from Fidelity. That puts you on the road to having about 10 times your final salary saved by retirement and maintaining your present standard of living. Retire before hitting 67 and you’ll need more saved; after, you’ll need less.
•
. o a deeper dive: Plug your current numbers (such as earnings, savings and future D pensions) into an online calculator to estimate your retirement income. Experts say you’ll need 75 to 80 percent of preretirement income to live well — debatable but a good starting point.
•
. on’t despair: You have 10 years to act, by earning more, trimming expenses or D delaying retirement. “Whatever you can do can only help,” says George Papadopoulos, a financial planner in Novi, Mich.
Save the easy way If you’re among the 82 percent of workers paid via direct deposit, save more by splitting your pay across accounts. Have your payroll department put part of each check into an online savings account, where it’s out of sight and out of mind. The direct-deposit users who split their deposits save up to $90 more per month than those who use another method to save, according to a recent study.
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MONTGOMERY COUNTY | MARYLAND | VOL. 3
Pad your nest egg If you already have significant savings in a 401(k), 403(b) or IRA, open a Roth IRA (in 2019 you can contribute up to $7,000 if you’re 50 or older), or put money into a regular taxable account.
•
Why do it: You’re laying the groundwork for lower taxes later. Say you need a new roof on your house in retirement. If you take money from a 401(k) or traditional IRA, it is taxable as ordinary income, and you may end up in a higher tax bracket, explains Carolyn McClanahan, founder of Life Planning Partners. But you can pull your contributions from a Roth IRA tax free (earnings, too, if you’re at least 59½ and have had the Roth at least five years). You can also invest via a basic taxable brokerage account;when you sell securities, you’ll pay only (usually lower) capital gains taxes on the profits.
Pay down the mortgage The problem with a mortgage in retirement is that you may have to sell investments to cover payments. And sometimes that will be when the markets are down - the worst possible time to sell, says Shelley Giordano, chair of the Funding Longevity Task Force at the American College of Financial Services. Her advice: 1. In place of your monthly payments, make half payments every two weeks. Those 26 payments per year are the equivalent of 13 monthly payments, resulting in a faster payoff and lower total interest costs. 2. Got a tax refund? A bonus? A side job? Apply that to your principal. 3. Avoid refinancing your mortgage, since a new loan with a later payoff date means more of your monthly payment goes to interest expense, not an increase in your home equity. 4. Don’t use a home equity loan or line of credit for purchases. The new tax law makes that less attractive, says Giordano. And this is the wrong time to be growing your mortgage debt.
(. . .continued on page 30)
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MONTGOMERY COUNTY | MARYLAND | VOL. 3
Put new retirement savings to work Not sure where to invest additional money? Aim for growth, somewhere between a trip to Vegas and stuffing cash into your mattress. The sweet spot •. Balanced mutual funds: Seek a mix of stocks and bonds; a 50/50 or 60/40 ratio of stocks to bonds is reasonable. • Target-date mutual funds: These balanced funds automatically adjust investments to lower risk as you age. Conservative but sound • High-grade corporate bond funds • Money market accounts • U.S. government bond funds • Certificates of deposit and online savings accounts (See bankrate.com for Federal Deposit Insurance Corp.–insured banks offering higher rates.) • Series I inflation-protected savings bonds (sold at treasurydirect.gov)
Work Prepare Your Plan B - Ask yourself these questions, and be honest. 1. Do I work in a stable and growing industry? 2. Do I work for a stable and growing company? 3. Is my heart still in it? Have you answered no to any? It’s time to update your LinkedIn profile and see what else is out there.
•
Why do it: Only about half of workers cruise their way to a planned, voluntary retirement; the rest of us exit prematurely, often as a result of job loss or burnout. But you still have time to regroup. “With 10 years to go, there is still enough runway to make a mark,” says career and retirement expert Nancy Collamer.
•
. ow to do it: You know the routine. Tell people who can help you. Sign up for job alerts H on the go-to site in your industry. Browse the postings that interest you, and note the skills that employers are seeking.
•
. ant to stay put? Get busy anyway. “Whether you drive a bus or work in a store or W in a professional occupation, maximize your opportunities by building your capital,” Collamer advises. “Give talks or write articles to boost your profile, or take advantage of short-term training programs.” One option: Go to linkedin.com/learning and get online access to thousands of business, creative and technology courses for $30 per month. Miller, Mark and Powell, Robert, AARP (2019, Feb 6). Countdown to Retirement: 10 Years [Web log post]. Retrieved
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from https://www.aarp.org/retirement/planning-for-retirement/info-2019/10-year-countdown.html
This is how you say it’s going to be okay. Every 8 minutes the American Red Cross responds to a disaster and makes this promise. You can help us keep it.
Donate today at redcross.org
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RECOMMENDED SERVICE DIRECTORY
BAKERY Uptown Bakers........................................................... 13
LANDSCAPING SERVICES Chesapeake Lawn Science.........................................1
CERTIFIED PUBLIC ACCOUNTANTS E. Cohen.................................................................. 16-17
MUSEUM Tudor Place Historic House & Garden....................3
CHILD CARE Helping Hands Household Staffing........................5
NON-PROFIT ORGANIZATION American Red Cross................................................. 31
CONCIERGE SERVICES Capitol Concierge........................................................7
PRIVATE SCHOOL Geneva Day School...................................................27
DOMESTIC STAFFING Helping Hands Household Staffing........................5
REAL ESTATE Ajay Kapur - Coldwell Banker Residential Brokerage.....Front Cover, Back Cover Coakley Realty............................................................27
FAMILY LAW Joseph Greenwald & Laake PA..........................9, 19 FLOORING Aria Flooring & Remodeling LLC.....................14-15 GAS CONTRACTOR Chris Hart Gas Contractor......... Back Inside Cover HISTORIC HOUSE & GARDEN Tudor Place Historic House & Garden....................3 HOTEL Cambria Hotel Rockville.......................................... 10
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REMODELING Aria Flooring & Remodeling LLC.....................14-15 SENIOR CARE Helping Hands Household Staffing........................5 THEATRE WORKSHOP Shakespeare Theatre Company............................. 13 WEALTH MANAGEMENT Michael Onyemelukwe - Morgan Stanley...........23