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Robin Williams’ Solid Estate Plan

This week we heard of the devastating news of the passing of Robin Williams.  Although there is complete sorrow in the loss of an individual that literally touched the lives of millions of people, this article demonstrates how there were positive lessons learned by the way he conducted his life. This post, Robin Williams’ Estate […]

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Why Retirees Would Want Life Insurance

If you have a desire to leave money for your spouse or kids, life insurance is the best asset to leave them.  Notice I said “asset,” not  “investment.” At death, don’t investments morph into just another asset? I think so and I try to convey this to my clients. Life insurance is not an investment, […]

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“Cameron Frye, This One’s for You!”

This is a guest post written by Clifford Holm, an attorney with Fuchs & Roselli, Ltd. www.frltd.com.    In 1986, a budding Chicago philosopher looked us square in the eye and cautioned us all: “Life moves pretty fast. If you don’t stop and look around once in a while, you could miss it.” Almost 30 years […]

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Better Alternative to Long-Term Care Insurance

Any retirement plan worth a grain of salt addresses the potential cost of long-term medical care.  You or your spouse are very likely to need some sort of personal help getting along during retirement. Whether the help comes to your home or you live in an assisted living facility, the potential cost is VERY high. […]

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Your Clock is Ticking

Last week, I wrote about some perks of getting older.  Unfortunately, one of the most difficult things about getting older in facing death.  Over the past couple weeks, four of my peers have lost their father.  They were good men and thought well of by their son’s, wives, and everyone else that knew them. As […]

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Another Silver Lining to Investing in an IRA

This is the time of year you will hear much about IRAs (Individual Retirement Accounts) This is because an IRA contribution is the last tax deduction you can still create for your 2012 tax return to make a pretax IRA contribution (provided that you not eligible for another form of retirement saving, ect 401k defined benefit […]

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Huge Future Retirement Expense is Lurking

Chances are more than 50/50 that you will need help getting along later in life.  The cost is prohibitive and someone (not Medicare) will pay the bills.  Home health care is expensive and nursing home care is REALLY EXPENSIVE. The tab could be a few hundred thousand dollars!   “Failing to Plan is Planning to […]

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5 Big Financial Planning Mistakes – COST YOU A BUNDLE

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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$1 Million in Life Insurance Not Enough – Time to Reevaluate

Last week, I was shaken when I heard about the tragic death of a Glen Ellyn acquaintance that lost a two-year battle to cancer. The death of this fine man, husband and father hit home not only because he had lived a few blocks away, but he was also my age, 48, and had three […]

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