Markets are swinging and fears are mounting. What does that mean as retirement looms? The final week of February was a brutal one for the stock market, as fears of a worldwide coronavirus outbreak sparked a massive sell-off. Now you’ll often hear that you don’t have to worry about losing money in a stock market downturn as […]
About LukeLuke has 40 years experience in real estate transactions with a background in Construction, Property Management, Real Estate Brokerage, Mortgage Banking and Corporate Finance.
Author Archive | Luke
Failing to withdraw a required minimum distribution (RMD) from your own or an inherited IRA by the deadline results in a big tax code penalty: 50%. That’s right. If you were supposed to take out a minimum of $4,000 and (oops!) did not do so, you have the privilege of writing the IRS a check […]
Hint: It’s something unavoidable for seniors. Though retirement is an exciting milestone to look forward to, the idea of it can be nerve-wracking. After all, there’s a host of financial unknowns associated with retirement, and living on a fixed income leaves many seniors struggling to make ends meet. It’s therefore encouraging to learn that 84% […]
The most significant legislation affecting retirement became law — as of Friday, Dec. 20. Congress passed an important retirement-savings law called Setting Every Community Up for Retirement Enhancement, or the SECURE Act of 2019. The law takes effect on Jan. 1, 2020. After stalling for months, Congress suddenly passed the bills as an attachment to […]
Here is a good read we found on the subject of Mentors. This article is from the news organization CNBC and is titled: 31-year-old self-made millionaire: I spent $70,000 on mentorship in 6 months—here’s why it was worth it Go to the CNBC website to read the full article at: https://www.cnbc.com/2018/04/11/31-year-old-millionaire-i-spent-70000-on-mentorship-in-6-months.html For […]
Your 20s are one of the most important periods in your financial life. It’s a time when you’re finishing college, starting a career, building credit, and making some of your biggest financial decisions. Are there things you can do right now to set yourself up for success later? Yes! I’m 27 now, and I already […]
You or a loved one may have just received an Alzheimer’s or dementia diagnosis, and while you may ride waves of shock and sadness, your thoughts may also turn to how you’ll take care of your loved ones (and yourself) financially. Americans living with Alzheimer’s currently number 5.8 million. One in three seniors dies with […]
Real Estate Is Back as Americans’ Favorite Long-Term Investment Stocks have long been the most glamorous of the major asset classes. Many a Hollywood film has centered around making fast money in the stock market, and becoming a Wall Street big shot. But despite their great long-term returns—they’ve averaged […]
An easily overlooked investment account can give retirement savings a huge boost — if it’s used the right way
Health savings accounts are exactly what they sound like: savings accounts that can be used for expenses related to your health — now, in retirement, or any time in between. You must be enrolled in a high deductible health plan to contribute to an HSA, but you can open an HSA even if […]
Everything You Need to Know About Rolling Over a 401k Account An employer-sponsored 401(k) retirement plan is one of the best ways to save for retirement. They’re easy to set up, you can contribute directly from your paycheck and you receive significant tax benefits by participating. Your employer may even match your contributions up to a certain amount, which […]
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Ryan’s testimonial: I love Luke’s course ! It has taught me so much already and it’s only been a couple months. It has opened my eyes to so many more real estate opportunities, and will continue to teach me different strategies and techniques on how to make money In real estate. Luke is an awesome coach and a great person to talk to ! I can’t wait to work with him more. Ryan C., Tampa Bay, FL
As a real estate investment company, we treasure relationships like the one we have with Sol Mar REI. We purchased properties from them and all the transactions went smooth. I am confident we will do many more with them as they understand our business model and deliver. I highly recommend their company to any investor. Sol Mar REI is professional, knowledgeable and service oriented. Richard B.- Texas.
Hi there, 10to8 received a satisfaction survey result from Stephen C. Here is what they said: How satisfied were you with our service (out of 5): 5 How likely are you to recommend us to a friend (out of 5): 5 Any additional comments: Luke helps me think in a different way about Real Estate that frees my mind and let's me concentrate on what is important. I appreciate this company.Stephen C., Nashville, TN.
Everything works fine! Thanks again, it feels great to have a landlord I can talk to and actually get things done. Thanks a million. Derrick M. Memphis, TN. Tenant
We purchased a Turnkey Cash Flowing house from Sol Mar and also loaned them money for a renovation opportunity and we are very pleased with both transactions. They are very knowledgeable about real estate transactions, good at customer service and very professional. We highly recommend them for any investor looking for secure predictable returns on their idle cash or IRA. Good company!John C. - Memphis, TN.