Milestone Ages for Financial Planning

When it comes to financial planning, some birthdays are more significant than others. Do you have any key financial birthday’s coming up? Age 21 When the beneficiary comes of age (typically 21 in most states), the custodian is legally obligated to transfer the...

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7 Social Security Facts You Should Know

Millions of Americans currently receive Social Security benefits, with many relying on it for their retirement. This public welfare program has helped lay a solid economic foundation for Americans, by providing reliable income for retirees. Here are seven key facts...

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The Hidden Cost of Homeownership

When considering buying a home, it's crucial to recognize the long-term financial cost. The average household could cost over $1.5 million over a 30-year period. These are the sunk costs, meaning they are non-recoverable. To establish a realistic budget, it is...

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Avoiding Estate Taxes in Illinois

Avoiding Estate Taxes in Illinois

Living in Illinois might lead you to believe that you won't be subject to estate tax because it's below the federal exemption of $13.61 million. But be aware that Illinois is one of the twelve states that has its own estate tax. If your estate exceeds $4 million, you...

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The Power of Compound Interest

The Power of Compound Interest

The majority of individuals come across the term 'interest' quite early in their lives, often in the context of bank savings or perhaps a loan. However, the concept of 'compound interest' is less understood, not to mention underappreciated. This financial phenomenon...

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Plan to Rise Above®

Welcome to the Plan to Rise Above® Blog. Continue to check back for new and exciting content in the world of financial planning, wealth management and personal finance.

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