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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One of the smartest moves small business owners in Libertyville, IL can make is to consult with a CERTIFIED FINANCIAL PLANNER™ professional to set up a comprehensive financial plan. Why? Well, starting and running a small business can oftentimes be very time-intensive and soak up all the time you have to devote to financial planning
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Financial advisors can provide tangible benefits in the form of investment advice that may increase net worth. However, there are also some latent benefits of working with a financial advisor. Ask anyone who has met with a financial advisor about the experience and they are likely to say the interaction resulted in emotional, psychological, as
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By Nicole Sullivan, CFP®, RMA, Director of Financial Planning The Coronavirus is significantly impacting households of all wealth levels. For some, it might be as minor as social inconveniences. But for many, the economic impacts are truly significant. On March 27, 2020, the bipartisan CARES Act was signed into law. This law provided the single
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In a recent editorial for the National Endowment for Financial Education (NEFE), Brent Neiser commented on “Financial Stacking: A Modern American Burden.” He wrote: Myriad choices, opportunities, and expectations generated by the financial services industry, media, advertisements, experts, employers—and even family and friends—create an amassment of jumbled priorities that often leads to inaction, frustration,
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So you struck out on your own and started a firm. Business is promising and your new website is a hit – and you thought the hard part was over until it became clear that more capital was in demand. We interviewed Leslee Cohen, business lawyer at Hershman Cohen LLC, to find out the three
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One of the biggest challenges when it comes to holiday gift giving isn’t affording the gifts but rather figuring out how to give in a way that is meaningful. At the same time, successful families often feel concerned, even downright terrified, about raising entitled children who don’t appreciate the value of a dollar. We’re going
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Forced into a retirement? Must be nice! Yes, that thought came into our heads too as we anticipated writing this article. In a very active mergers and acquisitions environment and the age of corporate buyouts, involuntary retirement is something we’ve been seeing more often. If your finances are ready to retire before your mind is,
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What do you think is the number one issue prospective clients bring to us here at Prism? It’s likely not shocking. Here’s the big question: Can I afford to retire and not run out of money? Some folks understand that they’ll easily be able to retire and don’t need us to do complex calculations. Others
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