What is a Financial Consultant Versus a Financial Advisor?

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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Top 5 Moves To Minimize Taxes in 2021

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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How Does a Financial Plan Help Me Save for Retirement?

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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5 Tips for your Money and Mindset in 2021

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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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

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