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5 Big Financial Planning Mistakes – COST YOU A BUNDLE

By on January 28, 2013 in Achieving Financial Independence, Balanced Living, Counting Your Pennies, Estate Planning, Goals-Based Planning, Insurance, Investments, Investor Psychology, Post-Retirement Planning

Avoiding life’s big financial planning mistakes is not hard if you plan well. Financial planning, however, takes a backseat to day-to-day living for many people and this is where the potential problems creep in. Here is a list of five key planning issues that everyone should address: 1.     Not Enough Liquid Savings Having plenty [...]

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Paying off Your Monthly Credit Card Balance Could be a Sign of Overspending

By on October 25, 2012 in Achieving Financial Independence, Balanced Living, Counting Your Pennies, Post-Retirement Planning

Sure, the upcoming will election results will have some impact on your financial future, but nowhere near as much as the everyday spending/saving decisions you make. By now, you have probably concluded that you cannot count on investment returns to propel you to sudden wealth or even a financially secure future.  It’s a shame that [...]

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Romney Wins – Then What?

By on October 18, 2012 in Achieving Financial Independence, Balanced Living, Counting Your Pennies, Estate Planning, Investments, Investor Psychology, Mortgage, Policy and Your Money, World Economics

When Romney Wins – Then What? Since Mr. Romney is well positioned to win the presidential election, I’ll take a few minutes to explain what I think might happen if Governor Romney is elected the 44th President of the United States. If Republicans also win both houses of Congress, expect there to be quite a [...]

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Best and Worst October Buys

By on October 12, 2012 in Achieving Financial Independence, Balanced Living, Counting Your Pennies

October is a strange month for shopping, since we’re now within a stone’s throw of the biggest shopping event of the year: Black Friday. You might want to put off most purchases until the attention-grabbing deals start flowing in next month. But now that you have finally filed your extended tax return and are anticipating [...]

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Shopping for the best refi deal for YOU$$$

By on October 9, 2012 in Achieving Financial Independence, Balanced Living, Counting Your Pennies, Mortgage

Are you looking to refinance before the end of the year? The latest frenzy of mortgage refinancings has benefited millions of Americans who have been responsible or lucky enough to qualify for 30-year fixed-rate home loans below 4 percent; equating to a tax effective rate that could be as low as 2.6 percent. But don’t [...]

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How Much Could the “Fiscal Cliff” Tax Increases Cost You?

By on October 2, 2012 in Achieving Financial Independence, Counting Your Pennies, Policy and Your Money, Tax Planning

 CLICK Here to Get Life Planning Today Blog Updates Emailed to you Congress Signs Deal: What does the Fiscal Cliff Deal Mean to Your Income Taxes? MERRY CLIFF MESS Several clients and Glen Ellyn neighbors have asked me about the “Fiscal Cliff” lately so I have decided to blog about it.  I have also included [...]

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Head in the Sand? Are You Happy With Where You Are Financially?

By on September 25, 2012 in Achieving Financial Independence, Balanced Living, College, Counting Your Pennies, Goals-Based Planning, Investments, Post-Retirement Planning

You are where you are today because of the decisions you have made in your life. We usually get what we deserve in life.  When it comes to money, how you handle your monthly cash flow is the single most important factor in your financial success or failure.  As a financial planner, my idea of [...]

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Lessons to Bear

By on August 3, 2012 in Balanced Living, Counting Your Pennies

As a member of the baby boom generation (might I footnote very tail end of the generation ) who hopes I am aging like a fine wine and not turning into vinegar, I wince at the idea of losing money again in a 2008-style meltdown. Although we are not technically in a recession or bear [...]

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Travel Sports – Are They Worth the Price?

By on August 1, 2012 in Balanced Living, Child's Play, Counting Your Pennies

Great Article Link Below – What’s your opinion? http://glenellyn.patch.com/articles/jeff-ward-club-sports-prey-on-parents-fantasies  My wife, Soni and I have two daughters playing travel soccer and one son that plays travel baseball.  With the money we have paid for them to be involved in these activities we probably could have afforded a down payment on a small condo in Chicago! [...]

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Hurry Up and Shop Online to Save – Sales Tax May be here Soon

By on July 23, 2012 in Balanced Living, Counting Your Pennies, Tax Planning

Downtown shops like those in Glen Ellyn and Wheaton and all over America should be excited about what is going on in the House Committee regarding charging sales tax for online purchases As you probably know, most state budgets are in the red these days and they are looking for any means possible to get [...]

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