5 Libertyville Illinois Money Myths Busted

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?

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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Should You Financially Help Your Adult Child

Becoming financially independent during one’s 20s and 30s is becoming that much more difficult with each passing year.  Many young adults are drowning beneath student loan debt, credit card debt, auto loans, and mortgages.   The cost of postsecondary education and housing have skyrocketed to the point that, in many cases, only the children of the

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How Much Should I Save for Retirement?

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

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How To Stop Worrying About Running Out of Money

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

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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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