Jacob Millican

Retirement, Investing, Small Business
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“Fee-Only RIA focused on Retirement. Specializing in working with 401Ks and Retirement Planning.”
Firm:

9M Investments, LLC

Job Title:

Managing Member

Biography:

Jacob Millican created 9M Investments after spending 15 years in the financial services industry in various roles focused on retirement. As a fee-only Registered Investment Adviser (RIA), 9M Investments is legally obligated to place its client's best interests before any other party when managing investments or providing advice.

Jacob has a clean regulatory record and no history of client complaints. He works with individual and business clients all over the United States and unlike many other advisors, he does not charge a fee for introductory client meetings. His fees are clearly stated here.

When he's not thinking about his clients, Jacob spends a lot of his time in health and fitness activities. He loves running and have participated in a multitude of races from 5K's to half-marathons. He enjoys gardening, but especially love cooking with fresh fruits and vegetables! He's also a voracious reader, this mainly tends to be economics and market related topics.

Jacob has been featured in Advisor Magazine 

Education:

Texas Tech University

Assets Under Management:

$10 million

Fee Structure:

Fixed

CRD Number:

4607734

Disclaimer:

9M Investments, LLC is an Investment Adviser registered with the State of Texas. All views, expressions, and opinions included in this communication are subject to change. This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. We may, from time to time, have a position in the securities mentioned and may execute transactions that may not be consistent with this communication's conclusions. Please contact us at 817-680-7942 if there is any change in your financial situation, needs, goals or objectives, or if you wish to initiate any restrictions on the management of the account or modify existing restrictions. Additionally, we recommend you compare any account reports from 9M Investments with the account statements from your Custodian. Please notify us if you do not receive statements from your Custodian on at least a quarterly basis. Our current disclosure brochure, Form ADV Part 2, is available for your review upon request, and on our website, www.9minvestmentsllc.com. This disclosure brochure, or a summary of material changes made, is also provided to our clients on an annual basis.

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2 weeks ago
    401(k), Small Business Financing, Retirement Plans

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    Retirement, Social Security, Investing, 401(k)
Should we sell our investments and move our money into cash accounts?
100% of people found this answer helpful

Your concerns are valid.  But a withdrawal strategy built around your needs can help alleviate your concerns in up and down markets.  I like to use the 3 buckets strategy.  You mentioned that you need $30K per year from your 401K.  In bucket number 1 is the next 2 years of your needs.  In your case that means $60K in cash or CD’s.  Bucket 2 would be roughly 5 years of expenses.  Again, in your case that means about $150K in a bond portfolio.  It could be a mix of investments, but the goal is to slightly beat inflation.  In bucket 3 is an investment strategy for the long term.  An investment mix up to your risk tolerance, but a 60/40 mix or above in this bucket makes the most sense.  Remember we have planned for 7 years of expenses.  So we have time to make it up any downturns in the market.

This is the super simplified version.  Managing RMD’s and cash flow needs throughout your retirement is just as hard building your nest egg.  This strategy can be done in one account or separate accounts.  But making sure we do it in the most tax efficient way is the key.

April 2018
    Career / Compensation
How can a company mandate that fringe benefits be put in a 401(a) plan if employees can't withdraw money until they are 59.5 years old without penalties?
100% of people found this answer helpful
3 weeks ago
    Debt, Estate Planning, Investing
Should I pay off my mortgage loan or invest with the money I am receiving from an inheritance?
80% of people found this answer helpful
last month
    Debt, Investing, IRAs, Real Estate, Taxes
When does it make sense to invest in an individual taxable account rather than maxing out tax-advantaged accounts?
75% of people found this answer helpful
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    Banking, Retirement, Investing, 401(k), Real Estate
What should I do with the $7,000 in my checking account to help it grow for me instead of it accruing no interest?
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last month