2021 Best Tax Planning Strategies for Retirees in Libertyville, IL

As tax season rolls around, it’s only natural that retirees in the Libertyville and Lake County, IL areas think about minimizing taxes! But nationwide, many retirees feel at most only somewhat knowledgeable about taxes in retirement – and many of those feel they have very scant information.  That’s understandable; taxes in retirement can be more

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5 of the Best Ways to Avoid Boredom in Retirement

Plenty of retirees and pre-retirees assume they are capable of performing DIY (do it yourself) financial planning that sets the stage for an enjoyable retirement.   Unfortunately, many of those who assume they do not need the assistance of a CERTIFIED FINANCIAL PLANNER™ Professional may end up making significant mistakes that could leave them with insufficient

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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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Turning 50? The Best Financial Moves Now

Turning 50 is a significant milestone for many reasons. Your children may be grown and leaving home. Retirement, which has seemed far in the future for decades, suddenly looms as a real thing that will occur.   Are you on the right financial path? Contact Prism Planning Partners today!   As a result, 50 serves

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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 currently

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The Role of “Work” in Retirement

The concept of retirement is undergoing a metamorphosis.  Demographic, societal, and workplace trends have all converged to offer a stage of life that is much more fluid and flexible than what most of us previously imagined.  In fact, retirement has become a matter of personal definition.   What Is “Retirement”? is an extensive report based

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ADDING MORE LIFE TO YOUR YEARS

Advances in health care have added years to our life.  However, Laura Carstensen, founding director of the Stanford Center on Longevity and author of A Long Bright Future, proclaims it is time to add more life to our years. In a recent Op Ed piece for the Wall Street Journal, Carstensen issued this challenge: Given

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