With this year’s tax deadline around the corner, you may be reviewing your taxes now and identifying opportunities to lower your bill next year. One opportunity to improve tax efficiency is by carefully reviewing your investment plan with an investment advisor. A careful review of your investment activity for 2020 could reveal possible steps to take in 2021 to minimize your tax obligations come April 15, 2022. 1) Understand Income vs. Long-Term Capital Gains The first step toward understanding your […]

There are many types of retirement plans available to residents of Buffalo Grove, IL, so how do you know if you’re using the right retirement plan? Retirement planning has always been difficult, but these days it has only become more challenging. In addition to growing uncertainty related to receipt of Social Security payments, the ever-expanding array of retirement options available can make it difficult to decide which plan is right for you. So how do you know which retirement plan […]

Retirement planning can be an uncomfortable topic to discuss, but it’s far less uncomfortable than the alternative – running out of money when we’re no longer able to work full-time. You likely already know the most important retirement plan maxims: invest early, avoid excessive fees, and let the power of compound interest work for you. Combine those three maxims with these ways to boost your retirement savings. 1) Start saving for retirement now. Inertia is powerful. Remember your high school […]

There are critical steps you need to take for retirement planning in your 50s. That’s because, in the United States, the average retirement age is 62. In fact, about 64% of all Americans decide to retire between the ages of 55 and 65, meaning that your 50s will likely be a very important time for tying up loose ends and preparing for retirement. There are quite a few things that can make retirement planning difficult for anyone, including our neighbors […]

Can I retire early? It’s a question that many Americans ask themselves, from the remote corners of Maine to the sunny beaches of southern California, to the streets of SGL Financial’s hometown Buffalo Grove, IL. After all, who wouldn’t love to wave goodbye to work deadlines, rigid schedules, and unhinged bosses? Many people, actually. Retiring early can necessitate sacrifices that sometimes outweigh the appeal of early retirement. But deciding when to retire has a significant impact on your retirement planning, […]

Benjamin Franklin once said, “Never put off until tomorrow what you can do today.” The same is true of retirement planning: start doing it today so you can be comfortable in your golden years. Retirement planning at any age can benefit from the expertise of a financial advisor. Learn how SGL Financial can help you reach your goals. New college graduates in their twenties rarely think about what their financial needs will be in their seventies. Most of them are […]

“Am I ready to retire?” is a question that millions of people ask themselves. Yet, for better or for worse, only some people will ever have a fully satisfactory answer. One of the reasons that retirement planning can be so difficult is future uncertainty. In addition to not knowing where the economy might be ten, twenty, or thirty years from now, it is almost impossible to forecast how long you will live or whether any unexpected expenses are likely to […]

  The time is nearly here. You’re about to tell the world you’re going to retire. Are you ready? This is a big moment, one of the biggest in your life. It’s also one you’ve been working your whole life towards. And, with such a big change looming on the horizon, it’s normal to start questioning and wondering if you’re really, in fact, ready for this to happen—both financially and mentally. The goal, however, is that you’re able to announce […]

  Thinking about creating a retirement plan? That’s an excellent idea. But wait… how do you do that? I mean, what’s really in a retirement plan, anyways? And, how do you even get started? At SGL Financial, we’re retirement planning experts. Building rock-solid retirement plans is what we do—all day, every day! In today’s article, let’s take a look at the steps that are required to successfully design a retirement plan that lasts throughout your retirement years. We’ll provide you […]