How Small Businesses are Reinventing Themselves

American capitalism has never been more dynamic, even amidst an unforeseen pandemic.  The internet has partially leveled the playing field between large and small businesses.  However, the federal government’s corporate-friendly coronavirus financial aid programs have made survival, let alone profitability, that much more challenging for small businesses in Chicago, Libertyville, and beyond.   There is a

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Top 5 Financial Tips For Small Business Owners

As a small business owner in Libertyville, Illinois it is important that you keep on top of your business’s finances, of course. But you should also optimize your personal finances so that your entire economic life is well-managed and working for you at all times. What’s the best way to do that?    Are you

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Comprehensive Financial Planning for Small Business Owners

One of the smartest moves small business owners in Libertyville, IL can make is to consult with a CERTIFIED FINANCIAL PLANNER™ professional to set up a comprehensive financial plan.  Why? Well, starting and running a small business can oftentimes be very time-intensive and soak up all the time you have to devote to financial planning

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The Emotional Benefits of Working With a Financial Advisor

Financial advisors can provide tangible benefits in the form of investment advice that may increase net worth.  However, there are also some latent benefits of working with a financial advisor.  Ask anyone who has met with a financial advisor about the experience and they are likely to say the interaction resulted in emotional, psychological, as

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Four Ideas for Potential Financial Relief in Light of COVID-19

By Nicole Sullivan, CFP®, RMA, Director of Financial Planning The Coronavirus is significantly impacting households of all wealth levels. For some, it might be as minor as social inconveniences. But for many, the economic impacts are truly significant. On March 27, 2020, the bipartisan CARES Act was signed into law. This law provided the single

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Is Now A Good Time to Invest?

It’s become apparent that we’re living in abnormal times. Some folks have asked us if a downturn in the market might represent a good time to invest. It’s a fair question and one that’s definitely NOT one-size-fits-all. The changing economy represents different things to different households, and as such, we recommend that you consult a

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How To Lower Your Taxes in 2020

Although it’s been pushed back to July 15, Tax Day 2020 will be here sooner than you know! Paying taxes is never fun – but Libertyville, Illinois residents can take a number of steps to lower them. All it takes is a bit of planning. Here are a few tax-savings strategies:   Are you on

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The Role of “Work” in Retirement

The concept of retirement is undergoing a metamorphosis.  Demographic, societal, and workplace trends have all converged to offer a stage of life that is much more fluid and flexible than what most of us previously imagined.  In fact, retirement has become a matter of personal definition.   What Is “Retirement”? is an extensive report based

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ADDING MORE LIFE TO YOUR YEARS

Advances in health care have added years to our life.  However, Laura Carstensen, founding director of the Stanford Center on Longevity and author of A Long Bright Future, proclaims it is time to add more life to our years. In a recent Op Ed piece for the Wall Street Journal, Carstensen issued this challenge: Given

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The Third Age Redefines Lifespan Realities

As we navigate life in the 21st century, the trend that will have the most profound effect on the future of our society (and other industrialized societies) is the “Age Wave.”  In other words, we are living longer and the percentage of older adults is growing at an unprecedented rate. An important factor contributing to

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