1207 S. White Chapel Blvd. Suite 150
Southlake, TX 76092

P 817-416-7300

F 817-416-7307

Roth vs. Tax Deferred?

When contributing to your IRA or 401(k) you can opt to either make these contributions as tax-deferred or as Roth. However, you might be wondering when should you choose one over the other? Or what are the differences and similarities in the 2 types of contributions? Or, even, what is “Roth” and what is “tax-deferred”?

Roth and tax-deferred money is subject to similar contribution and distribution rules. The main difference lies in the timing of when taxes are paid. For ...Read More

Should I use a Stop-Loss Order to Protect My Portfolio Gains?

A Stop-loss order is an order type used by stock-traders and is often promoted as s way to protect wealth.  This order is typically set about 8–12% below the current market price and will trigger a stock sale if the position trades at or below the stated price.  As stocks rise the order is ratcheted up maintains the same targeted percentage below the current price of the stock.  

On the surface this strategy would seem to protect the portfolio from a large drop in market prices. ...Read More

Renting Residential Property - Tax Free Rental Income

One tax strategy that may not be as well-known is the ability to rent out your personal residence without recognizing the income. Otherwise known as the “Augusta Rule” or “Masters Exemption,” this provision allows you to rent out your personal residence without having to report the income on your personal tax return. This was written into the tax code under Section 280A resulting from homeowners of Augusta, Georgia wanting to rent out their homes to travelers who were in town for the ...Read More

Retirement Plans for Business Owners

When it comes to setting up a retirement savings plan for your small business, you will be faced with numerous different plan type options that you could implement. As the owner of the business, you must decide between these options to determine the best retirement plan for your specific business. Below is a summary of some of the pros and cons associated with each type of plan:

IRA-Based Plans:

Plan Type



Payroll Deduction ...Read More

MWA 4th Quarter and Annual Market Update


The year 2022 was an interesting year in financial markets, as the US led the rest of the world in a transition from a zero-interest rate policy / (negative rates overseas) to a world where inflation resurfaced, spread across the globe as result of unprecedented government stimulus, and money printing that heated up markets ...Read More

thumbnail of Annual Market Review 2022
Mills Wealth Annual Market Review 2022


The year 2022 will be remembered as one of the most difficult years to invest for many reasons. Both stock and bonds markets were down over 10%. Both the US and Emerging Markets were down about 20% while Global Real Estate was down nearly 25%! Even the US Bond Market was down 13%! 

Read about that and more in our 2022 Annual ...Read More

thumbnail of MWA 4Q Market Review
How Markets Performed Across the World in the Fourth Quarter 2022

The First Friendly Quarter to Investors in 2022


For the first time in 2022 all markets were positive. You’ll notice that ALL Equity, Real Estate Markets, AND Bonds were up. Granted all 1 yr data points are negative, this is a positive step towards regaining losses. The International Developed Market led the charge in the quarter at ...Read More

New Retirement Contribution Limits for 2023

The Internal Revenue Service has released new limits for the coming year for retirement accounts. Due to high inflation we are seeing some of the highest increases ever to allow you to contribute to your 401(k), IRA, Roth IRA and other retirement accounts. 

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, bringing the total limit to $7,500.

Roth IRAs

The ...Read More

What is a Roth Conversion?

A Roth conversion is a process in which an individual converts funds from a traditional individual retirement account (IRA) or 401(k) plan into a Roth IRA. This type of conversion can be a powerful tool for retirement savings, as it allows individuals to pay taxes on their contributions up front in exchange for tax-free growth and withdrawals in the future.

The main advantage of a Roth conversion is that, unlike traditional IRAs and 401(k) plans, Roth IRAs are not subject to required ...Read More

3rd Quarter 2022 Mills Wealth Update

 “The key to making money in stocks is not to get scared out of them.” 

     -Peter Lynch


I hope the end of the 3rd quarter finds you and your family well.  I don’t know if it is my age or the heat radiating off my beautiful wife, but I thought this summer was never going to end.  I’m excited about the ...Read More

Related Pages

Who We Are