One of the burning questions pre-retirees in Libertyville, IL, and beyond ask is “how much should I save for retirement?” There’s no shortage of advice. People are sometimes told to save 10 times their income by their retirement age or even to aim for $1 million by the time they retire. Frankly, these figures are
Read More...
Whether you’ve just started your retirement planning in Libertyville, IL, or have been retired for a while, running out of money might be one of your worries. You may have an established financial plan and plenty of money saved already, but the anxiety may be (at least occasionally) still there. In fact, quite a large
Read More...
Can you imagine retiring and not having anything to do? Even worse, can you imagine retiring and not having the money necessary to enjoy the activities you have in mind? This is the nightmare scenario that some Americans face in their supposed golden years. However, if you are not yet retired, you still have time
Read More...
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
Read More...
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
Read More...
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
Read More...
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
Read More...
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.
Read More...
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
Read More...
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
Read More...