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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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
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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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