A combined measure of 10-year government bond yields from a basket of major economies has fallen below a similar basket of 1-3 year government bonds—in other words, you can get a (slightly) higher coupon payment if you go short than if you make a longer-term bond investment.  That, of course, ...

Many Middle-Class Millionaires already know this – ’Tis the season for taxable dividends and capital gains to show up in your mutual fund account—and on your tax return. Many publicly-traded companies pay out some portion of their excess earnings to their shareholders, and the aggregate of these dividends are distributed to, ...

What can you do to help your heirs? The probate process can be expensive for some estates. Settling an estate through probate can cost you both time and money. It could take up to a year for the estate to be settled, plus attorney’s fees, appraiser’s fees, and court costs may ...

Near-record levels. The Internal Revenue Service has released new limits for the coming year. After months of high inflation and financial uncertainty, some of these cost-of-living-based adjustments have reached near-record levels. Individual Retirement Accounts (IRAs). IRA contribution limits are up $500 in 2023 to $6,500. Catch-up contributions for those over age 50 ...

Here are some things you might consider before saying goodbye to 2022. What has changed for you in 2022? This year has been as complicated as learning a new dance for many Middle-Class Millionaires. Did you start a new job or leave a job behind? That’s one step. Did you remarry? ...

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 ...

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 ...

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 ...

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 ...

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 ...