Financial Services Blog

Insights into various financial topics are provided on our blog. Please bookmark this page for your reference.

  • June 29, 2023

    How Women Can Prepare For Retirement

    When our parents retired, living to 75 amounted to a nice long life, and Social Security was often supplemented by a pension. The Social Security Administration (SSA) estimates that today’s average 65-year-old woman will live to age 86½. Given these projections, it appears that a retirement of 20 years or ...
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  • June 29, 2023

    Countdown to College

    Many middle-class millionaires of course want to give their child the best opportunity for success, and for many, attending the “right” university or college is that opportunity. Unfortunately, being accepted to the college of one’s choice may not be as easy as it once was. Additionally, the earlier you consider ...
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  • May 16, 2023

    Eight Mistakes That Can Upend Your Retirement

    Pursuing your retirement dreams is challenging enough without making some common, and very avoidable, mistakes. Here are eight big mistakes we help our Middle-Class Millionaire clients steer clear of:No Strategy: Yes, the biggest mistake is having no strategy at all. Without a strategy, you may have no goals, leaving you ...
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  • April 18, 2023

    9 Facts About Retirement

    Retirement can have many meanings. For some, it will be a time to travel and spend time with family members. For others, it will be a time to start a new business or begin a charitable endeavor. Regardless of what approach you intend to take, here are nine things about ...
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  • March 29, 2023

    Traditional vs. Roth IRA

    Traditional Individual Retirement Accounts (IRA), which were created in 1974, are owned by roughly 36.6 million U.S. households. And Roth IRAs, created as part of the Taxpayer Relief Act in 1997, are owned by nearly 27.3 million households. Both are IRAs. And yet, each is quite different. Up to certain limits, traditional ...
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  • March 29, 2023

    SECURE Act 2.0: An Overview

    In late 2022, Congress passed a new set of retirement rules designed to make it easier to contribute to retirement plans and access those funds earmarked for retirement. The law is called SECURE 2.0, and it’s a follow-up to the Setting Every Community Up for Retirement Enhancement (SECURE) Act, passed in ...
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  • February 24, 2023

    A Taxing Story: Capital Gains and Losses

    Capital gains result when an individual sells an investment for an amount greater than their purchase price. Capital gains are categorized as short-term gains (a gain realized on an asset held one year or less) or as long-term gains (a gain realized on an asset held longer than one year). Long-Term ...
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  • December 27, 2022

    IRA Deadlines Are Approaching

    Financially, many Middle-Class Millionaires associate the spring with taxes – but we should also associate December with important Individual Retirement Account (IRA) deadlines. This year, like 2022, will see a few changes and distinctions. December 31, 2023, is the deadline to take your Required Minimum Distribution (RMD) from certain IRAs. April 18, ...
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  • December 05, 2022

    Inverted Yield Curve: Recession Coming?

    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, ...
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  • December 05, 2022

    Dividends and Harvesting Losses

    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, ...
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