Year End Tax Planning
With the end of the year approaching, tax planning is probably high on your list of things to do. We wanted to share some thoughts for you to consider before December 31st. Below are some of the ideas we have:
Contributions ...Read More
Client Question: My Portfolio is Underperforming the Market
We wanted to address a recent client question that we thought made a great point. “If the S&P500 rises 7.71% this quarter and my account is up only 2% over the same quarter, am I losing out on return and is going to hurt my chances of achieving my goals in the long run?” To answer this, let’s first discuss some ...Read More
Facing a Bear - Do You Run or Stand Your Ground? MWA 3rd Quarter Market Commentary
Staring Down a Bear Our Thoughts on the Markets Insight into MWA Rebalancing Methodology Understanding the Mechanics of a Client Question, “Am I losing out?” What’s Going on around the Mills Wealth Office ...Read More
How Markets Across The World Performed During The 3rd Quarter of 2018
Click below to see how markets across the world performed during the 3rd quarter of 2018.
...Read More
How Retirement is Like Football
Football season is in full swing! With that in mind, here is a article from Investopedia that compares football to your retirement planning. Retirement might be just around the corner or years away. Either way, a game plan is essential to be able to win retirement. Below are some helpful tips for people who are nearing retirement.
5 Things to Do 10 Years from Retirement
The article discusses 5 things ...Read More
How Much Longer Can This Bull Market Last?
The Longest Bull Market in S&P 500 History
In the Wall Street Journal on Tuesday August 22, 2018 there was an interesting article that included the picture below (Fig 1) showing the S&P 500 Index on the ...Read More
If You Are Not Prepared For Retirement- You Are Not Alone
According to the Prudential 2018 Survey of Retirement Preparedness, when pre-retirees were asked their level of retirement preparedness, they give themselves an average grade of “C”. Approximately 40% added that they are “not at all sure” how much income they will need each month in retirement and astonishingly, 25% of pre-retirees are not sure how much they are currently saving for retirement.
According to the ...Read More
Investment Tips for Regular People, Part 2
Our previous post discussed some tips for financial planning, for a regular person. While those tips spoke about finances in general, here we are going to get into the nitty gritty, and deal specifically with tips for investing.
Let’s jump right in, and get started!
Thinking of paying off debt as an investment.Yes, that’s right. An ...Read More
Human Emotion and Biases
Emotions and Investment
Common Mistake Investors MakeFar and away, the biggest detractors from successful investing are emotional mistakes. Unfortunately, we see this frequently. When an investor makes a concentrated “bet” into a specific investment, he often becomes emotionally attached to the investment. This eventually puts him in a no-win emotional position. If he sells and the investment continues to rise, ...Read More
Why We Refuse to Become Fee-Only Advisors
Mills Wealth Advisors refuse to be fee-only here is why
At Mills Wealth Advisors, LLC, our team of Certified Financial Planning professionals are 100% committed to acting as fiduciaries, the highest legal standard in a client/advisor relationship—a standard we believe all clients should demand! I believe any advice not delivered through ...Read More