From Real Estate To Retirement Plan

Using property as a foundation, Bradley Simmons has crafted a blueprint for his financial goals

under one umbrella. Bledsoe has referred him to an accountant and then they will get started on his estate plan. “We intend to update his will, put a life insurance trust in place to protect him from estate taxes down the road, minimize his holdings in some of his properties, then put the excess money into a 529 College Plan for his children and a retirement annuity,” she says.

Once his investments are properly consolidated and his immediate goals are met, he intends to continue persuading more African Americans to buy property. “Home ownership is such an important aspect of personal and family wealth,” says Simmons.

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