Are You Looking to Help a Retired, Bored Loved One? Download our Week in Retirement Planner here! Something we’ve been encountering more often with our financial planning clients is concerns around aging parents. At Prism Planning Partners, we get to know our clients on a personal level, and inevitably, these topics come up. As
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Not sure how you’ll pass the time in retirement? Download our Week in Retirement Planner here! As financial planners, we are in a very unique position to get to know our clients on a deep, personal level. Of course, we dive into clients’ financials, but we spend a lot of time together on more
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Financial advice in Libertyville, IL abounds, on websites, television, social media, and more. While much of the financial advice purveyed may be helpful and sound, the sheer amount of it has also given rise to financial disinformation – myths, if you will. Myths are things that many people believe, but that don’t hold water on
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How financially satisfied are you? Some people may be financially satisfied if their finances are in alignment with their peer group, in Libertyville, IL, and elsewhere. If their financial plans, income, returns, net worth, and purchasing power are roughly the same as the people around them, that may mean they feel financially satisfied. However, financial
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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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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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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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