Are You Looking to Help a Retired, Bored Loved One? Download our Week in Retirement Planner here! Something we’ve been encountering more often with our financial planning clients is concerns around aging parents. At Prism Planning Partners, we get to know our clients on a personal level, and inevitably, these topics come up. As
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Not sure how you’ll pass the time in retirement? Download our Week in Retirement Planner here! As financial planners, we are in a very unique position to get to know our clients on a deep, personal level. Of course, we dive into clients’ financials, but we spend a lot of time together on more
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Retirement planning in the Chicago, IL market can seem like a daunting task, but it doesn’t have to be. You may have heard that Social Security isn’t enough to live on during your golden years. While there is much truth to this, your individual retirement goals and lifestyle preferences will determine how much you need
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You’ve heard the old adage, “don’t put all of your eggs in one basket.” This saying is applicable to many parts of our daily lives, however, it should be turned into a retirement planning mantra, especially for individuals who have placed all of their hard-earned retirement savings into a corporate-sponsored retirement account, such as a
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On one side of the coin, having too many retirement accounts can result in oversight and be detrimental to your overall retirement savings strategy. However, when you max out accounts, it pays to have other types of retirement accounts available; you can always consolidate accounts later. Having multiple accounts allows you to diversify your savings
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How you feel about your investments is important to our comprehensive financial planning team. That’s what makes understanding diversification essential, as it is a serious investment strategy!
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A comprehensive financial plan can beat inflation if managed proactively to hedge against it through various strategies. To manage your portfolio risk properly, understand inflation’s impact on stocks/bonds and what sectors to monitor/avoid. Let’s explore what investments do well in an unstable economy versus normal conditions.
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Since economic uncertainty and stock market shifts are unavoidable, investors are best equipped with a comprehensive financial plan that accounts for volatility. The roller coaster tendency of the stock market is widely familiar, especially to investors who have gained or lost during dramatic spikes. Yet, there exists an opportunity within every obstacle, right?
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There’s a good chance that you’ve adopted your money mindset from those who raised you. Whether you are aware of it or not, money psychology plays a significant role, which has helped shape your financial worldview. Now entering the best years of your financial life, investing decisions are crucial for victorious outcomes.
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When are you planning to retire? Do you have a date agreed upon with your loved ones? There is so much to consider, which is why goal-based investing (GBI) is a helpful method to get you there on time.
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