One of the most searched phrases on search engines today is “How Much Do I Need For Retirement?”. I recall people when I was growing up saying that you need $1MM saved in order to live comfortably in retirement, was that true and/or is there a new number today? This is a very c …
Income tax planning is something you need to be aware of year-round and should continuously evaluate. Although your tax returns are not due until April 15th each year, without extensions, it is important to make sure you are aware of your tax situation all year. Decisions made o …
There are many decisions that need to be made when changing employers or retiring. One of the key decisions that you may need to make is whether or not to rollover your retirement plan, 401(k), from the previous employer. As mentioned in Top Five Things to Review Before Changing Jobs, you h …
The days of working for a company for 40 plus years, being handed a gold watch for your tenure, and collecting a pension for the remainder of your life is long gone. It is more likely that today’s workers will hold ten to fifteen jobs, spending less than five years at each employer accordin …
There has been a tremendous spike in financial support given by families to their adult children in the last twenty years. This can come in the form of a place to live, paying expenses like cell phone bills and care insurance and even paying off debt. We all want the best for our children, …
Managing a windfall can be a blessing and a curse. It may be a blessing from the standpoint that you have received significant assets that will help you and your family. Receiving the windfall may be a curse in regards to the time and effort you will have to put into managing it. We are …
We at Mitlin Financial always communicate the importance of having a financial plan. As I have said in the past, people spend more time, energy and money on planning their family vacations than they do their financial lives. It is important to make sure you have a guide, a roadmap, for how …
