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

P 817-416-7300

F 817-416-7307

US Debt Ceiling: Should I be Worried?

I recently read an article on the US Debt Ceiling and thought it was did a great job explaining what's going on. Below I have summarized the the article and posted a link to the PDF. I hope you enjoy it. 


US Debt Ceiling Info and History

The US debt ceiling, a limit set by Congress on the amount of money the government can borrow, has been a recurring topic of debate. Since 1960, the ceiling has been raised 78 times, reflecting the ongoing need for ...Read More

Unlocking Retirement Wealth: The Power of the Solo 401(k) and Backdoor Roth IRA

Unlocking Retirement Wealth: The Power of the Solo 401(k) and Backdoor Roth IRA

When it comes to investing for retirement, there's a plethora of choices at our disposal. The options may range from traditional IRAs, 401(k)s, and Roth IRAs, to lesser-known alternatives such as the Solo 401(k) and Backdoor Roth IRA. Here, we'll focus on these lesser-known strategies and explore how they can offer immense potential for self-employed individuals and small business owners to maximize their ...Read More

Common Tax Penalties & How to Mitigate Them


Common Tax Penalties & How to Mitigate Them

With Tax Day officially behind us, I’m sure many people feel like a weight has been lifted off their shoulders (at least until next April).


However, some people might be left confused after filing their return. Why am I incurring a tax penalty? What are tax penalties? How can I avoid (or at least minimize) tax penalties in the future? Luckily, there are some solutions to these ...Read More

A Group Annuity 401(k) May be Wrong for Your Business

In Today’s world, a world without pensions and worries about the future of Medicare and Social Security, saving for your retirement is a critical part of financial planning, and for many people, a 401(k) plan is a large component of that plan. A 401(k) plan allows individuals to save money from their salary either pre-tax or post-tax and invest it to grow over time, with the goal of providing an income during retirement. One type of 401(k) plan that you may never heard of and many ...Read More

Pass-Through Entity Tax Payment Deduction

The Tax Cuts & Jobs Act of 2017 (TCJA) capped the deduction of state and local taxes at $10,000 for tax years 2018-2025. This most affected the states that have high property taxes, in that, if you paid $15,000 in property taxes for the year, you could only deduct up to $10,000 on your personal tax return. In response to this provision, 30 states plus NYC have enacted the Pass-Through Entity Tax Payment (PTET) deduction in states that impose a state income tax.

The PTET ...Read More

Ten Questions to Ask a Financial Advisor to Determine the Right Fit

Managing finances can be a daunting task, and it’s not something that everyone can do well. Many people turn to financial advisors to get help in navigating the complex world of investments, savings, and planning. However, just choosing an advisor isn’t enough, it’s essential to choose the right financial advisor for you to ensure that your money is in the right hands. Asking the right questions to your financial advisor can help you make a better-informed decision. Here are ...Read More

Mills Wealth Market Update 1st Quarter 2023


Spring is here and symbolizes a fresh start and new life. We hope this theme continues throughout 2023 in the market as well. Though the markets are up in 2023, it hasn’t been without volatility or headlines. Between banks failing and countries moving away from the dollar, there ...Read More

The Power of Utilizing a Health Savings Account (HSA)

Many people have heard the term “Health Savings Account” or “HSA", but not many people know how, or why, this type of account can be so beneficial to your financial plan.

What is an HSA?

HSAs are a type of savings account that allow you to set aside money to be used on qualified medical expenses. There are a few limitations to HSAs, such as: HSAs can only be contributed to if you are enrolled in a high-deductible health plan, and annual contributions are limited ...Read More

thumbnail of MWA 1st Quarter Market Review
How Markets Performed Across the World in the First Quarter of 2023


The market investing year of 2023 is off to a solid start. Despite some concerns with the liquidity ove some banks, ALL equity and fixed income markets were positive in the first quarter. International Developed Stocks were up 8.02% over the quarter followed by the US Market at 7.18%, Emerging Markets at 3.96%, and Global Real ...Read More

Learning from Past Financial Recessions

There is a lot to learn from past financial recessions. There have been as many as 48 financial recessions in the US going back to the Articles of Confederation. Though some of these are disputed by economists and historians. The good news is going back to 1926 we have some very good reliable data on receissions. In the article below they look at the sixteen of them since 1926 to allow us to learn from them. 

What is a Financial Recession?

A recession is a slowdown ...Read More

Related Pages

Who We Are