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Another Silver Lining to Investing in an IRA

By on March 19, 2013 in Achieving Financial Independence, Balanced Living, Estate Planning, Goals-Based Planning, Post-Retirement Planning, Tax Planning, Uncategorized

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

By on February 19, 2013 in Achieving Financial Independence, Estate Planning, Goals-Based Planning, Investments, Post-Retirement Planning

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

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

By on January 9, 2013 in Achieving Financial Independence, Balanced Living, Estate Planning, Insurance

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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Take Advantage of Tax-Free Roth IRA

By on December 1, 2012 in Achieving Financial Independence, Estate Planning, Investments, Post-Retirement Planning, Tax Planning

Yes, I am referring to you. My favorite retirement savings vehicle is the Roth IRA and you may be wise to use it. There are 3 ways to fund a Roth IRA. 1. FRONT-DOOR Roth Contribution  – Contribute directly if – Married family income under $173,000 (phased out to $183,000) A Roth IRA is funded [...]

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Join us for Fiscal Cliff Tax Planning Webinar – Click to Register

By on November 26, 2012 in Estate Planning, Policy and Your Money, Tax Planning

Brad Rosley, CFP® & Ann Gunst, CPA, CFP® will be presenting strategies to help investors keep more of what they earn and the federal tax laws are set to change.  “It’s not what you make, but what you keep that counts.” Space is limited. Date: Wednesday, December 5, 2012 Time: 10:00 AM – 10:30 AM [...]

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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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Helping Elder Parent(s) Manage Their Assets

By on August 6, 2012 in Achieving Financial Independence, Balanced Living, Estate Planning, Post-Retirement Planning

I talk with my mother nearly every day. She and my father raised me well and gave me all their love and caring while I was under their roof and mom still gives me her two cents today whether I want it or not.  My father died 14 years ago and while that impacted my [...]

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