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 of those withdrawals, and … Continue reading “How Market Cycles Can Impact Retirements”
How Market Cycles Can Impact Retirements
Major Risks to Family Wealth
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 times. This article … Continue reading “Major Risks to Family Wealth”
IRA Deadlines Are Approaching
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, is the deadline … Continue reading “IRA Deadlines Are Approaching”
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”
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”
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”
Year End Tax Planning for Middle-Class Millionaires
It is time to start thinking about moves that may help lower your tax bill for this year and next. This year’s planning is more challenging than usual due to the uncertainty surrounding pending legislation that could, among other things, increase top rates on both ordinary income and capital gain starting next year. Whether or … Continue reading “Year End Tax Planning for Middle-Class Millionaires”
Social Security: Take or Delay?
Most American workers who have at least 10 years of work history will be able to start taking Social Security benefits as soon as they reach age 62. But should they? Some years back, there was considerable debate about whether a person was better off receiving the monthly checks early and investing them in the … Continue reading “Social Security: Take or Delay?”
How COVID-19 Caused a “She-Cession”
Since the 1980s, unemployment rates have trended higher amongst men than women during a recession. In previous periods of economic downturn, this made sense. Male-dominated industries like construction and finance were the sectors most heavily impacted by a recession, when trade and industrial activity declines. But with the onset of COVID-19, we’ve seen a shift … Continue reading “How COVID-19 Caused a “She-Cession””
Measuring the Value of a Financial Advisor at Kendall Capital
Study suggest that these relationships can make a difference. What is a relationship with a financial professional at Kendall Capital worth to an investor? We get this question a lot when we start a relationship with our middle-class millionaire clients here at Kendall Capital. A 2019 study by Vanguard, one of the world’s largest money … Continue reading “Measuring the Value of a Financial Advisor at Kendall Capital”