Can you imagine retiring and not having anything to do? Even worse, can you imagine retiring and not having the money necessary to enjoy the activities you have in mind? This is the nightmare scenario that some Americans face in their supposed golden years. However, if you are not yet retired, you still have time
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The average person understandably confuses financial consultants with financial advisors. The mainstream media rarely distinguishes the nuanced differences between these professionals. However, financial consultants are not exactly the same as financial advisors. These two professionals have similar roles in the context of personal financial services yet there are some subtle differences of note. Let’s take
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As tax season rolls around, it’s only natural that retirees in the Libertyville and Lake County, IL areas think about minimizing taxes! But nationwide, many retirees feel at most only somewhat knowledgeable about taxes in retirement – and many of those feel they have very scant information. That’s understandable; taxes in retirement can be more
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Plenty of retirees and pre-retirees assume they are capable of performing DIY (do it yourself) financial planning that sets the stage for an enjoyable retirement. Unfortunately, many of those who assume they do not need the assistance of a CERTIFIED FINANCIAL PLANNER™ Professional may end up making significant mistakes that could leave them with insufficient
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It’s always prudent to pay the least amount of tax you can, especially if you’re a high net worth (HNW) individual in Libertyville or Lake County IL, and are either retired or in the pre-retirement years. But what moves minimize your taxes the most? Here are 5 suggestions to make sure you pay the least
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Seniors and retirees are squarely in the crosshairs of financial scammers. If you aren’t careful, you could fall into a scammer’s trap and lose hundreds, thousands, or even tens of thousands of dollars. In some cases, seniors have lost the majority or even all of their life savings to such criminals. Being victimized by a
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Financial fraud online is, unfortunately, very common. Senior citizens are often the favored targets. In fact, some studies suggest that 20 percent of folks over 65 have been the target of financial fraud or abuse. Retirees in Libertyville and Lake County can take these 5 steps to protect themselves against financial fraud online. Here’s how.
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If you’re within a decade of retirement, already retired, and/or a small business owner in Libertyville, Illinois you need a comprehensive financial plan to help you save for retirement. Are you on the right financial path? Contact Prism Planning Partners for a consultation! But it may not be clear how a comprehensive financial plan helps you save.
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The shift away from a Trump-Pence administration to a Biden-Harris administration paves the way for plenty of change, including changes to your personal financial situation. Whether you are a pre-retiree or already retired in Illinois, you should have an idea as to how the shift in power will affect your financial situation. Let’s take a
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https://youtu.be/KJKIX63iiGw 1. Don’t fixate on the news We believe markets are efficient. What that means is that the price of stocks has already accounted for all publicly available information. Oftentimes, the market is forward-looking, so the price you see today is baking in what the market thinks may happen in the future. All that by
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