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 ...

Some retirees save a great deal of money by doing so; others do not. You want to retire, and you own a large home that is nearly or fully paid off. The kids are gone, but the upkeep costs haven’t fallen. Should you retire and keep your home? Or sell your ...

Agreeing about what you want from retirement is crucial. What does a good retirement look like to Middle-Class Millionaires? Does it resemble the retirement that your spouse or partner has in mind? It is at least roughly similar?    The Social Security Administration currently projects an average retirement of 18 years for ...

What to focus on as the transition approaches Middle-Class Millionaires can prepare for the transition years in advance. In doing so, you may be better equipped to manage anything unexpected that may come your way.    How much monthly income will you need? Unfortunately, there is no “magic” number for everyone to ...

Sequence of returns can play a role in your overall portfolio. A thoughtful retirement strategy helps Middle-Class Millionaires pursue their many retirement goals. That strategy must consider many factors, and here are just a few: income needs, the order of withdrawals from taxable and tax-advantaged retirement accounts, the income tax implications ...

Protect your family assets for future generations. All too often, family wealth fails to last. One generation builds a business-or even a fortune- lost in the ensuing decades. Why does it happen, again and again? Often, middle-class millionaire families fall prey to serious money blunders, making classic mistakes, or not recognizing changing ...

Financially, many of us associate the spring with taxes – but we should also associate December with important IRA deadlines. This year, like 2021, will see a few changes and distinctions. December 31, 2022, is the deadline to take your Required Minimum Distribution (RMD) from certain individual retirement accounts.    April 15, 2022, ...

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 ...

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,” ...

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 ...