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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It’s become apparent that we’re living in abnormal times. Some folks have asked us if a downturn in the market might represent a good time to invest. It’s a fair question and one that’s definitely NOT one-size-fits-all. The changing economy represents different things to different households, and as such, we recommend that you consult a
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Although it’s been pushed back to July 15, Tax Day 2020 will be here sooner than you know! Paying taxes is never fun – but Libertyville, Illinois residents can take a number of steps to lower them. All it takes is a bit of planning. Here are a few tax-savings strategies: Are you on
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Libertyville, IL investors – and anyone looking at the news, for that matter – have seen rapidly falling markets over the last several weeks. Fears over the worldwide spread of the coronavirus have sent broad indexes such as the Dow Jones Industrial Average (DJIA) and the S&P 500 into bear market territory, defined as a
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Many people think estate planning involves a lawyer more than a financial advisor. Estate planning, after all, concerns what happens should you become incapacitated or die. It’s the province of powers of attorney and wills. Are you on the right financial path? Contact Prism Planning Partners today for a consultation! However, working with a Libertyville
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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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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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As we navigate life in the 21st century, the trend that will have the most profound effect on the future of our society (and other industrialized societies) is the “Age Wave.” In other words, we are living longer and the percentage of older adults is growing at an unprecedented rate. An important factor contributing to
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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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