Tom and John Mills are registered investment advisers and certified financial planners. Reach them at 254-0155, MillsWealth.com.
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.
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.
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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.
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.”