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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In many ways, 2020 has been the year of COVID-19. The global pandemic has exerted a major impact on many aspects of our lives, causing some businesses to close or cut back, creating work-at-home as the new norm for many people, and disrupting the ability of many folks in Chicagoland and elsewhere to plan for
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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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Thinking about money can be a daunting task – and often, we lose sight of WHY we work and save as hard as we do. It’s only human to focus first on the HERE and NOW…What about the big picture? Are you on the right financial path? Contact Prism Planning Partners today! A
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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 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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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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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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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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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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