September 27th, 2022

Cash Alternatives for Charitable Giving

Thinking about donating? Think of these choices. The year is winding down, and many Middle-Class Millionaires may be thinking of giving. In fact, you may want to explore the different ways in which you can donate to a charity or non-profit organization, apart from just making a cash gift. Consider some of the alternatives.   Donor-advised … Continue reading “Cash Alternatives for Charitable Giving”

September 19th, 2022

Annual Financial To-Do List

Things you can do for your future as the year unfolds. What financial, business, or life priorities do you need to address for the coming year? Now is an excellent time to think about the investing, saving, or budgeting methods you could employ toward specific objectives, from building your retirement fund to managing your taxes. … Continue reading “Annual Financial To-Do List”

September 19th, 2022

5 Retirement Concerns Too Often Overlooked

Baby boomers entering their “second acts” should think about these matters. Retirement is undeniably a major life and financial transition. Even so, Middle-Class Millionaires® can run the risk of growing nonchalant about some of the financial challenges that retirement poses, for not all are immediately obvious. In looking forward to their “second acts,” boomers may … Continue reading “5 Retirement Concerns Too Often Overlooked”

August 19th, 2022

Highlights of the Inflation Reduction Act

Congress recently passed an enormous piece of legislation that touches just about every aspect of American lives. The full extent of the Inflation Reduction Act of 2022 is too large to completely cover, but we want to provide some important highlights. The most visible elements of the bill are likely to be the 15% minimum … Continue reading “Highlights of the Inflation Reduction Act”

July 21st, 2022

What Happens When There Are No Beneficiaries

Where do those accounts and policies end up?  Some accounts have no designated beneficiary. Rarely, the same thing occurs with insurance policies. This is usually an oversight. In exceptional circumstances, it is a choice. What happens to these accounts and policies when the original owner dies?  The investment or insurance firm gets the first chance … Continue reading “What Happens When There Are No Beneficiaries”

June 28th, 2022

The Behavior Gap and Your Financial Health

How might it affect you? “It turns out my job was not to find great investments but to help create great investors,” writes Carl Richards, author of “The Behavior Gap.” From increasing our budget mindfulness to taking a steadier approach to investing, Richards has drawn attention to how our unexamined behaviors and emotions can be … Continue reading “The Behavior Gap and Your Financial Health”

February 11th, 2022

Retirement Preparation Mistakes

Why are they made again and again?  Much is out there about the classic financial mistakes that plague start-ups, family businesses, corporations, and charities. Aside from these blunders, some classic financial missteps plague individuals, or as we say, the Middle-Class Millionaires.   Calling them “mistakes” may be a bit harsh, as not all of them represent … Continue reading “Retirement Preparation Mistakes”

January 19th, 2022

Is Inflation Peaking?

One lesser-known indicator is called the Baltic Dry Index. We know our middle-class millionaire clients see it in prices at the grocery store and the gas station and feel it in their monthly budget. So why don’t the financial markets seem too concerned about inflation? Remember, financial markets are considered “discounting mechanisms,” meaning they are … Continue reading “Is Inflation Peaking?”

December 14th, 2021

Eight Money Moves to Jumpstart Your Financial Health in 2022

For many, the new year is a time of renewal and reinvention, which makes it the perfect time to optimize your personal finances for 2022 and beyond. What financial, business, or life priorities do you need to address in the new year? Here are some ideas on how to get started: Review your financial plan. … Continue reading “Eight Money Moves to Jumpstart Your Financial Health in 2022”

December 6th, 2021

2022 Contribution Limits

Is it time to contribute more? Preparing for retirement for Middle-Class Millionaires just got a little more financial wiggle room. The Internal Revenue Service (IRS) recently announced new contribution limits for 2022. Staying put for 2022 are traditional Individual Retirement Accounts (IRAs), with the limit remaining at $6,000. The catch-up contribution for traditional IRAs remains … Continue reading “2022 Contribution Limits”