Tom and John Mills are registered investment advisers and certified financial planners. Reach them at 254-0155, MillsWealth.com.
This fall, Californians will be voting on Proposition 5. This proposition will make some critical changes to Proposition 13 and will drastically affect retirement decisions for many people.
Many years ago, I met with a single father of two children and a grandfather of six. Like most grandparents, he was smitten with his grandchildren and loved spoiling them as his finances allowed.
About half of the American workforce participates in an employer-sponsored retirement account. One of the most used is the 401(k), but there also is a 403(b) and a simple IRA, among many others, according to the Bureau of Labor Statistics.
If you are in or near retirement, it is a safe bet that you would like more yield from your investments rather than less.
Many years ago, one of my clients lost her spouse. Of course, this was a difficult circumstance. She had young children and did not look forward to raising her children alone.
When people think about estate planning, they may only consider personal property, real estate and investments.
“Lifestyle creep” is an unusual phrase describing an all-too-common problem: the more money people earn, the more money they tend to spend.
A recent conversation with some old friends turned down memory lane. It is amusing that we can experience the same things, yet remember them so differently or not remember them at all.
Do you work part-time, or earn less than $65,000 a year? If so, you might be eligible to fully or partly claim the saver’s credit – a federal tax credit that gives part-time, low-income, and moderate-income workers an extra incentive to make retirement account contributions.
My first job after high school was at a car dealership. A friend of mine was working there and said the manager allowed the college kids to study on the job. This was a dream situation for a college kid.
In the first quarter of 2018, the refinance share of home loan applications in the U.S. fell to 40 percent, the lowest in 10 years. Higher mortgage rates had reduced demand for refinances.
The stock market remains high. The current indexes remain volatile. These facts are making many investors nervous. Some investors are anticipating a dramatic market correction.
Life is full of big decisions. These decisions may include things like a college major, who to marry or not marry, career options, where to live, or even about rather simple things like where to vacation.
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Last year, Forbes reported that parents spent an average of $495 per child for Christmas. That number surprised me and was confirmation that many of us have lost touch with what the holidays are supposed to be.
Several years ago, John and I were approached by a client and business owner with the following comment, “I want to close our 401(k) plan.”
Napa Valley has taken some hits on the chin over the years, and these fires are posing another challenge. We have been through flooding and earthquakes but, I don’t know if Napa has ever had fires like this.
A few years ago, a University of Chicago professor interviewed a financial columnist via online video chat. After their conversation, the professor wrote on a three-by-five index card what he thought was the best advice he could offer his children.
“Doomsday preppers” are often met with scorn. The zealous way they prepare for the “end of times” makes them seem a little crazy. Then an event like Hurricane Harvey happens and insanity becomes genius.
John Bogle, the legendary founder of Vanguard group, is full of wisdom. I often listen to or read his interviews to sift out the pearls. There are many.