Financial Planning

What is Family Wealth Counseling and Why Should I Care?

What is Family Wealth Counseling and Why Should I Care?

Family wealth counseling is a different approach to estate and financial planning that has emerged over the past several years. Traditional estate planning focuses on transferring wealth while striving to reduce taxes, avoiding probate, and possibly planning for business continuity. But family wealth counseling also considers the social and emotional aspects of your wealth. It is a more question-based, purpose-driven, life planning process that some say has provided their life greater meaning and fulfillment. Let’s examine some reasons you may want to consider a family wealth counseling approach in your estate plan.

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5 Financial Considerations of Gray Divorce

5 Financial Considerations of Gray Divorce

I recently read an article stating divorce rates in the United States are declining – except for people over 50. There are many reasons this could be happening. Some may find that the longer they live, there are more opportunities to grow—and grow apart. Or they discover that as the kids grow up and move out, the glue that holds a marriage together disappears. Another thought is that with more women working and becoming financially independent, there may not be a financial need to stay together. But you should be aware that gray divorce – divorce after 50 – can be financially devastating without careful planning. To help out, here are 5 financial considerations of gray divorce.

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Financial Planning Tips to Consider Now

Financial Planning Tips to Consider Now

By K. Bridget Schneider, CFP®, CRPC®The S&P 500 reached its peak in mid-February of this year, and investors were feeling good about their account values.  However, in the following weeks that good feeling began to disappear.  Concerns of a pandemic...

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Financial Planning for the Single Parent

Financial Planning for the Single Parent

Being the sole income and provider for your family can be stressful. Despite this challenge, financial planning isn‘t impossible for a single parent to do. Let’s consider these five key rules of financial planning as they relate to single parents.

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Differences Between Financial Planning and Estate Planning

Differences Between Financial Planning and Estate Planning

If you are new to financial services you may be asking yourself if there is a difference between financial planning and estate planning.  They may sound similar but they are vastly different.  Let’s go over the differences and answer some questions you may have.

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Recent Posts

Why You Should Consider Sending Your RMD Straight to Charity

By Joe Globensky, RFC®Reasons People Give to CharityThere are many reasons why people give money to charity:Giving to charity makes you feel good,Giving to charity strengthens personal values,Giving is more impactful than ever,Giving to charity introduces...

Tips for Late-Start Retirement Planning

By K. Bridget Schneider, CFP®, CRPC®Last month we suggested a few reasons early retirement planning is important.  That’s valuable information for Millennials, but what if you’re a Gen Xer?  You don’t need to feel like you’ve missed the boat.  For those of...

Self-Employed Professionals Can Save Big on Taxes

By Joe Globensky, RFC®Whether you have been a self-employed professional for years, or you’ve recently become self-employed, the success of your business is in your hands.  You need to take advantage of whatever assistance is available, and this includes...

A Few Reasons Early Retirement Planning Is Important

By K. Bridget Schneider, CFP®, CRPC®What is retirement planning?  Basically, it’s a process of determining how much money you’ll need in retirement and the steps to make that happen.  You identify future income sources, estimate expenses, implement a...

A Hopeful New Year Message

By Joe Globensky, RFC®“2020, we’re so glad you’re done, so we can all have an enjoyable 2021.” See what I did there? Now that my new year poetry resolution has been accomplished, let’s move on.REFLECTIONI wanted to spend some time over New Year’s weekend...

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Toll-Free: 844.305.7670
Fax: 217.666.4188

604 N Union St Ste 1
Lincoln, IL 62656

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Where are you located?

We are located in Central Illinois in the town of Lincoln. We also have an office in Plano, Texas. We work with a national clientele and will be happy to serve you.

Can I learn more about your services?

Sure. We advise clients on investment management, retirement planning, and other financial matters to help manage what they have. Because, many people save and invest, but they aren’t really sure they’ll have enough assets to be comfortable and do what they want in retirement or later stages of life. We show them whether they are on target or not. We can help you, too.

Would you like a no-cost, initial conversation to learn if you’re on track?