Turning 50? The Best Financial Moves Now

Turning 50 is a significant milestone for many reasons. Your children may be grown and leaving home. Retirement, which has seemed far in the future for decades, suddenly looms as a real thing that will occur.   Are you on the right financial path? Contact Prism Planning Partners today!   As a result, 50 serves

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The Small Business Owner’s Guide to Surviving the Pandemic

Owning and managing a small business in Libertyville, IL or the surrounding area during the pandemic is not exactly easy.  These are perilous times for mom and pop businesses.  Even some regional companies are struggling to keep their doors open during the pandemic.  However, if you have a plan, you will be able to confidently

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5 Tips To Avoid Outliving Your Money

Comprehensive financial planning in Libertyville, IL can help retirees and pre-retirees make sure they are on the right financial track to not outliving their money.  Unfortunately, many Americans facing retirement are worried that their retirement savings will run out. Several factors underlie that fear.  First, Americans are living longer than ever. In a couple currently

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Best Time To Create a Financial Plan? Now!

It’s not uncommon for people to wonder about the best time to create a financial plan. Ten years before retirement? Twenty? Five?   Are you on the right financial path? Contact Prism Planning Partners today!   Everyone Should Consider Having A Financial Plan Linked to Their Goals In fact, people in Libertyville, IL (and beyond)

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How Estate Planning has Been Affected by COVID- 19

The COVID-19 pandemic has changed life as we know it. The way we work, learn, eat, and play in Libertyville, IL, (1) and beyond might not return to normal for months or possibly years to come. The pandemic is also affecting estate planning in Illinois (2) in a number of important ways.   Are you

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How Much Does a Financial Plan Cost?

How much does it cost for a comprehensive financial plan in Libertyville, IL? The amount varies, depending on the fee structure, depth of the plan, type of advisor and breadth of the ongoing relationship. It’s important to understand all of these elements if you’re in the market for a financial advisor. Are you on the

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What Is a Comprehensive Financial Planning Checklist?

The best way to approach your finances is to develop a comprehensive financial plan with a financial advisor. The purpose of such a plan is to work toward your goals given the resources available. But the development of a robust financial plan requires input from you – and it requires that your financial advisor  has

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5 Do’s and Don’ts When Creating a Financial Plan

What is a financial plan? Financial plans are essential vehicles to help people get through life comfortably, reaching their goals and avoiding pitfalls, such as too little savings for retirement. A financial plan covers the following six categories: Expenses and income Investments Retirement savings Educational savings (such as college savings) Risk management Estate plan (wills,

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