How Much Does a Financial Plan Cost?

How much does it cost for a comprehensive financial plan in Libertyville, IL? The amount varies, depending on the fee structure, depth of the plan, type of advisor and breadth of the ongoing relationship. It’s important to understand all of these elements if you’re in the market for a financial advisor. Are you on the

Read More...

What To Do When the Market Plunges

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

Read More...

How a Financial Advisor Can Help You With Estate Planning

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

Read More...

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

Read More...

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

Read More...

The Third Age Redefines Lifespan Realities

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

Read More...

CONQUER “FINANCIAL STACKING”

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,

Read More...

Buying Ourselves the Gift of Time

Most adults are increasingly experiencing a time crunch.  The result is mounting stress and compromised health and vitality.  And yet, despite their best efforts, many individuals express frustration about not being able to bring tasks to completion or having enough time to focus on what or who is most important to them. Scientists have even

Read More...

Do I Really Need Long Term Care Insurance?

If you’re contemplating retirement, I certainly hope you’ve thought about your ongoing healthcare needs. If you retire at the traditional age 65, as laws stand now, you’ll just transition onto Medicare, right? Problem solved? Unfortunately, it’s not that straightforward. Medicare has its coverage limitations, and will not pick up the tab for an extended need

Read More...