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What a Great Time to Start a Charitable Legacy - For You Too?

  Do you ever get the feeling you could do more for others? I do and have many times. As a long-term focused planner, I probably think more about my personal legacy than many people. The result, a few years ago I took a big…
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BIG Tax Benefits of Donor Advised Funds

Time to share my latest personal and client tax-saving and "do-gooder" planning strategy. Why this strategy has been around for years, I'm just now focusing on it for my family and my clients. It's called funding a charitable Donor Advised…
elderly care
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Are You Failing Your Parents When They Need You Most?

  Are you failing your parents when they need you most? I know you're busy with your life; your work, home, kids, etc., but if you haven't circled back with your senior citizen aged parents about their life plans, it's time…
CRT Charitable Remainder Trust
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Massive Tax Break for "Doing Good" - CRT

Huge Income Tax Savings and Retirement Income Strategy Awaits You! After a ten-year Bull Stock Market run you may own stocks or stock mutual funds that have huge taxable gains waiting for you if you were to sell. Q. Why would you want to sell…
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Time to Make a Difference

I've talked to many people about giving a little of what they make to a good charity and most say they haven't thought about it or don't know where to give. Many of us earn more money than we ever imagined possible.  I'm sure some people reading…
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Ideal 4 Point Retirement Plan

    Do you like my 4 point plan? This plan is a framework for what I consider to be an ideal retirement plan.  Part 1. In my ideal retirement plan, my wife and I would like to be able to spend and enjoy ALL (not just portfolio interest)…
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Better Alternative to Long-Term Care Insurance

This is the vehicle I use to project my money from potential long-term care costs. If you have accumulated financial wealth, any retirement plan worth a grain of salt addresses the potential cost of long-term medical care.  You or your…
Private Pension
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Is a Private Pension in Your Future?

With CD's paying next to nothing, we need some creative ideas to generate more income during retirement... Creating your own pension may be an attractive option for you. Most of us have a notion on what a “pension” is, as you or someone…
Retirement Planning
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How to Spend All Your Money in Retirement and Still Leave a Legacy

Want to spend your retirement nest egg with no fear of outliving it. Read on.
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8 Signs Your Family Will Fight Over Your Estate

Death is agonizing enough without the added pain of heir warfare. A solid estate plan is essential. Here are some warning signs that there might be strife in your family after you're gone. Estate administration is equal parts…
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The 3 Things You Must Do To Leave Your House To Your Kids

Do you want to leave your home to your kids? Make sure everything is spelled out and legally binding, or you’ll leave your kids headaches instead of property. It’s a nightmare scenario for a lot of people.  What if the most…
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Long Term Care - How to Plan & Pay For it?

. Have you ever wondered if you will be financially wiped out if you have a debilitating stroke or get dementia (Alzheimer's) in your old age? Maybe you know of someone that went through this kind of illness.  The personal and financial devastation…
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How to Spend Your Retirement Nest Egg and Leave it to Heirs

Have Your Cake and Eat it Too With your financial legacy it's possible, but it takes planning. Life insurance is truly the asset of love. I say that because of the dual purposes it serves. Temporary or term insurance is true insurance, you…
homeowner tax
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Property Taxes Are Eating Away at Home Ownership

Property Taxes are Eating up all our Money! Homeowners all over the Chicagoland area received their annual bad news in the mail soon in the form of their property tax bill.   For the past twenty years I've lived in Glen Ellyn, a small…