Tag: Middle Class Millionaire

Pssst? Want to buy a low-interest bond? That’s basically what the Federal Deposit Insurance Corp. is saying to investors, who are understandably not eager to take them up on the offer. The bonds in question are part of the $114 billion in debt obligations that the agency acquired when it took over the failed Silicon … Continue reading “The FDIC’s Dilemma”

The phrase ‘good old days’ suggests that we’re not living in the best time in history, but it often begs the question of when WERE the ‘good old days?’ Was it before our lives were ruined by technology? Was it during the derring-do age of knights in shining armor and the birth of romantic love? … Continue reading “Would You Want to Live Back in the Good Old Days?”

According to a recent survey, more than half of all Americans fear for their financial futures. Another study says that 77% of Americans feel anxious about their current financial situation. Even if both of the surveys overstate the numbers, the fact is that many of us have phobias about our finances, often rooted in past … Continue reading “Common Financial Phobias”

Much is written about the classic financial mistakes that plague start-ups, family businesses, corporations, and charities. Some classic financial missteps have been known to plague retirees, too. Calling them “missteps” may be a bit harsh, as not all of them represent errors in judgment. Either way, becoming aware of these potential pitfalls may Middle-Class Millionaires … Continue reading “Navigating Retirement Pitfalls”

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 remain at $1,000, … Continue reading “New Retirement Contribution Limits for 2023”

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? There’s another step. Did … Continue reading “End-of-the-Year Money Moves”

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”

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”

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”

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”