Welcome to our latest blog post, “Ready to Retire? Tips for Maximizing Your Retirement Income.”  As you approach retirement, you might wonder how to pursue the most comfortable and fulfilling lifestyle possible without jeopardizing your financial security. With the right strategies, you can optimize your retirement income during your golden years.  In this post, we will delve into: Understanding different types of retirement income (guaranteed vs. non-guaranteed) Valuable retirement budgeting dos and don’ts The significance of tax planning in retirement […]

Are you a high net-worth individual or a couple getting close to or already in your retirement years? Creating a comprehensive and diversified retirement plan should be on your priority list. While many people know how important it is to save for their future security, they may not understand why having a diversified investment strategy matters as much as investments.  A strong and well-thought-out retirement plan can help ensure financial security throughout your golden years – but only if it […]

Retirement planning is essential to pursuing a secure financial future for the rest of your life. No matter where you reside, from Buffalo Grove, IL, to around the globe, having a well-defined vision for your retirement aspirations is essential. This clarity can pave the way toward a secure and enjoyable journey for your golden years. Creating realistic versus unrealistic retirement expectations can significantly impact your financial security, emotional well-being, and overall quality of life in retirement. And it’s essential to […]

Retirement planning is an important financial process for many people and can be overwhelming if you don’t have the right guidance. Whether you are saving for retirement, already retired, or somewhere in between, it’s crucial to have a comprehensive plan that can  help you pursue financial security now and in the future. In this blog post, we explore what retirement planning is all about, including key topics such as understanding your budget and investing options. As experienced retirement advisors on […]

Taxes are a ubiquitous part of financial planning, and this is especially true in retirement. Proper asset location and having a sound distribution plan for your retirement are essentials of tax planning and can save you tens of thousands of dollars over the years. Lowering your tax bill will require proactive planning, and can be greatly helped with the assistance of a CFP® who specializes in tax planning. In this article, we will discuss the essentials of tax planning for […]

Staying up-to-date on tax-related changes and news is the only way to ensure that you can form a solid tax strategy to save instead of having a large tax bill come April. Tax laws and rules are changing constantly, and understanding what the new changes are every year is absolutely necessary.    Ready to get a head start on your 2023 taxes? Check out our guide to 2023 tax planning strategies to ensure you’re ready ahead of time 2023 Standard […]

Tax planning is such an essential part of your long-term financial plan. While many people focus on investment management and retirement planning, adroit tax planning is often something that investors tend to overlook when it comes to their personal financial goals. The tax planning services offered by a CFP® have immediate benefits to your personal finance goals, and its benefits inherently will affect all aspects of your financial planning. The experience requirements and CFP® license and exam are just a […]

Charitable donations are a great way to reduce your taxable income while also donating to a good cause and improving your community. The benefits of donating to charitable organizations go beyond just reducing your income tax; it is a fantastic way to also help save money for your beneficiaries.  There are several different tax strategies that you can use when giving to charity to lessen your tax burden. Read on to learn how to reduce your tax liability while also […]

Everyone is always looking for ways to pay less in taxes, and a Roth IRA conversion is a popular strategy many retirees use to reduce their taxable income.  A Roth IRA rollover, or backdoor Roth as it is often called, is done when an individual moves money from their existing IRA or 401(k) into a Roth IRA. Many retirees use this because they anticipate that they will be in a higher tax bracket in the future and want to avoid […]