When it comes to making important financial decisions, it’s crucial to have all the information you can get. That’s why understanding your financial advisor’s credentials is so important. By knowing what each credential means, you can be sure that your advisor has the experience and expertise necessary to help you reach your financial goals.  Let’s take a closer look at some of the most common financial advisor credentials, such as: CFP® CFA CPA PFS RMA RICP®   What financial support […]

When it comes to making decisions about your financial future, you want to be sure that you’re making the right choices. That’s why it’s important to consult with a financial advisor – someone who can help you make informed decisions and steer you in the right direction. The wealth you’ve established should not be left to chance, which the right professional can ensure.  How do you know if you’re picking the ideal advisor for you?  What questions should you ask […]

If you haven’t gotten a jump on financial planning yet, this article will provide some insight as to when you should begin. Whether you are just starting your career path, going through a major life transition, or strategizing a smooth retirement, everyone can benefit from investing in a financial planner. This person should essentially serve as your long-term financial ally to help you save and grow your wealth. Think about how much spare time you have in your life to […]

Inflation has become a significant concern for those who do not have a financial plan that accounts for it. Because inflation is at a 40-year high of 8.5%, some commodities are experiencing inflation rates that are significantly higher than this. For example, both food and fuel have increased about 40% in price in the last year; have you noticed?   Inflation creates several problems that can throw your financial goals off course if you’re not working with a fiduciary financial […]

If you want to save yourself the most money possible on your tax returns, you must take advantage of the many tax deductions currently offered by the U.S. tax code. This code changes regularly as tax brackets shift. That’s why we’ve provided you with this list of the most up-to-date tax deductions, credits, and exemptions that apply to you.    The right tax professional can help you save money. Discuss inflation and tax planning in Chicago, IL, with SGL Financial.  […]

Inflation has reached its highest point in 40 years, at 8.5% at the end of March 2022. With such high rates, many people wonder if their taxes will be affected by inflation. The answer is yes—there is a good chance that your tax returns can be affected by inflation.  As the IRS periodically changes the tax rules to adjust for inflation, tax planning for individuals in Buffalo Grove, IL, becomes even more critical.    Make comprehensive tax planning and preparation […]

The world of financial planning offers ample opportunity to turn struggle into success. Taxes are one of those areas. Choosing a financial planner and a tax advisor are two of the most important decisions you might make. But wouldn’t it be convenient as one powerful decision?  The first professional focuses on building and preserving your wealth, mainly through your investment portfolio. The second keeps your tax bill as low as possible and ensures your accounts are squeaky clean come April.  […]

If there’s anyone whose attention you never want to get, it’s the IRS. And if you’ve ever asked yourself when preparing or filing taxes, “why might I get audited by the IRS?,” we have a few simple answers for you.  This may be news to you: the Internal Revenue Service has a precise computer process for determining which businesses and individuals it will audit, called the Discriminant Function System (DIF). Although the details are unknown, we are aware that the […]

Now that New Year’s Resolutions are in full swing, you might be thinking of the next season. While we know Spring is on the horizon – even though Chicago may not seem like it, at SGL Financial, we mean Tax Season.  Here are some tax-smart investor strategies to consider not just during Tax Season, but all year round..  Diversify Your Tax-Advantaged Investing Accounts Consider participating in a tax-sheltered investing account to maximize tax savings. Before choosing an account, it is […]