Tom and John Mills are registered investment advisers and certified financial planners. Reach them at 254-0155, MillsWealth.com.
Most Americans are W-2 employees; they work for an employer that reports their income to them on a form W-2. There are many implications to being a W-2 employee.
Regardless of how the markets may perform, consider making the following part of your investment philosophy:
Last year, I received a call from someone with broken English who claimed to be the IRS and wanted an immediate credit card payment to ensure I wouldn’t go to prison. I had a little fun with them.
About 6 percent of Americans 65 and older have never married. That statistic comes from a 2018 Census Bureau report, which also found that 22 percent of Americans aged 65-74 live alone.
The benefits of contributing to an IRA are near universal. This means that most Americans should, at some point, make contributions to an IRA or some other type of retirement plan to help prepare for retirement.
In 2004, after winning 74 consecutive “Jeopardy” games and setting multiple game-show records, the great Ken Jennings had finally met his match.
From time to time, a person will invent something that improves the lives of millions of people. Some of these inventors achieve fame, like Benjamin Franklin or Alexander Graham Bell, but many do not.
The list of benefits for Individual Retirement Accounts (IRAs) is long. Tax deductions, tax deferral, creditor protection and probate avoidance are a few of the many benefits.
Over the years, John and I have observed that most people are quite generous—especially when it comes to helping nonprofit or charitable organizations.
Have you ever had one of those months? The water heater stops heating, the dishwasher stops washing and your family ends up on a first-name basis with the nurse at urgent care.
In a recent social media post, a friend of the family shared a meme that stated: “No one goes to Target because they need something. You go to Target and let Target tell you what you need.”
At age 70 and a half, the IRS requires IRA owners to begin taking regular distributions called the Required Minimum Distribution (RMD).
Even if your 2018 has been relatively uneventful, the end of the year is still a good time to get cracking and see where you can plan to save some taxes and/or build a little more wealth.
There is a good chance that most retirees will be single some or part of their retirement. More retirees have elected to never marry, or have experienced a loss of a spouse due to death or divorce.
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.
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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.