Investing

Saving for retirement is an imporant goal—but how you invest can have a significant impact on your long-term results. Tax-efficient investing involves strategies designed to help reduce the taxes you may owe on investment earnings, leaving more of your money working toward your retirement objectives. Learning the basics of tax-efficient investing can be a valuable step toward strengthening your financial plan. Why Taxes Matter in Investing Investment earnings—whether from interest, dividends, or capital gains—may be subject to taxes. Over time, taxes can reduce your overall returns if not managed thoughtfully. For example: Interest income from [...]

BML Wealth Management Partners with UC Irvine Athletics to Advance Mission of Financial Clarity and Community Impact Irvine, CA - BML Wealth Management proudly announces its partnership with UC Irvine Athletics, marking a significant step forward in its mission to provide clarity and purpose through thoughtful financial planning. This collaboration underscores BML Wealth Management's commitment to nurturing individuals who contribute to the growth of others, enriching client experiences, elevating employee engagement, and extending community services. Through its engagement with UC Irvine Athletics, BML Wealth Management seeks to expand its influence and positively impact more families [...]

As the holidays approach, you may be rounding up your finances for the end of the year. If so, one thing you may want to keep an eye on is the design of your financial portfolio. Your portfolio may not be set up with the best possible spread of investments and assets. If you’re using a generic 60/40 portfolio (60% stocks, 40% bonds), you may have noticed that the returns from this design have been lower than they were in the past. Over the past 10 years, a 60/40 portfolio was the go-to for many [...]

In most cases, you can’t actually keep your money in your retirement accounts forever. Even if you don’t need the money from your retirement accounts, many of them will require you to begin withdrawing from them when you are 73 years old.[1] This is called a required minimum distribution (often shortened to RMD). More specifically, you must start taking RMDs by April 1st following the year you turn 73.[2] The amount you are required to withdraw is calculated by dividing the value of the account on December 31st of the previous year by a factor [...]