One of the biggest financial dilemmas people face is deciding whether to pay off debt or invest. The right answer depends on several factors, but a good rule of thumb is to focus on paying off any debt with an interest rate above 4% before prioritizing investing. Why 4%? The
We get asked this question about every 4 years, “If [insert candidates name] is elected should we sell our stocks?” And our answer is usually the same, that we believe that the stock market doesn’t usually react to which president is elected to the white house and that the president
Identifying Retirement Expenses The initial step towards estimating your retirement needs is to pinpoint your anticipated expenses. You can adopt either the bottom-up or the top-down approach. The bottom-up method requires you to draft a detailed budget, listing every foreseeable expense in retirement such as groceries, utilities, travel, and property
Question: How does Mills Wealth Investment team think about preferred stock compared to common stock? This is a pretty detailed in-the-weeds question, but I think the answer can help explain a little about how we think about building “efficient” portfolios that barbell risk assets on one side of the portfolio
The Corporate Transparency Act was approved by Congress in January 2021, and is a new federal law requiring many business entities to identify to the Treasury Department the individuals who own or control a 25 percent or greater interest in the entity or who otherwise exercise substantial control over the
Is estate planning a one and done deal?… or does it, like your retirement planning, require ongoing attention and review? Estate planning provides the individual control over their assets. That control provides certainty, flexibility, and assurance that their hard-earned assets are protected and treated in the manner in which they
People have their take on retirement, including the good, the bad, and the ugly. With planning, hard work, and a little luck, your retirement can be a dream come true (at least according to these pundits). Here are some of our favorite quotes about retirement! According to the Poor Richards