A Chicago financial advisor is an expert guide for consumers who are looking for help with their personal or business finances. Whether you need short or long range advice, or maybe even a little bit of both, you can get with an advisor to discuss any financial situation and come up with ways to address the challenges we all face as Chicago residents. Life in the Windy City is often both thrilling and terrifying all at once. Your Chicago financial advisor understands this and can help you come up with ways to make your life more predictable economically and easier to manage.
You can work with a financial advisor on your small business, from insurance needs to questions about capital for expansion or freeing up cash for other needs. You can get help with your efforts to sock away some money for that day when you send your kid off to college. And working with a Chicago financial advisor can even help you prepare to quit working some day, and still take care of yourself.
If you are a small business owner in Chicago, chances are you have to fight and claw each and every day just to survive in an increasingly competitive environment. Trying to find extra money for things like employee health insurance can be a colossal challenge. But at the same time, Chicago business owners understand that things like insurance benefits are exactly what top employees are looking for. If you can find a way to provide it with the help of a Chicago financial advisor, you stand a much better chance of retaining top help. Budgeting for group health insurance takes discipline and a fair bit of skill, especially for a small business. Work with a financial advisor and see if you can do it for your workers.
While you're thinking about present business expenses, more than likely you've also got concepts like legacy and transition in the back of your mind. You want to be sure that business you built from scratch survives even if you don't. Get an keyman life insurance review with a financial advisor and find out more about this unique coverage option. Your business is the beneficiary. It allows a transitional time to pass if you or some other key employee passes, giving the company time to adjust and move forward.
Your relationship with a Chicago financial advisor does not have to merely involve business dealings. You can also use this relationship to get ideas on any area of personal finance, such as Illinois college planning. Save for your child's education, and get started as early as possible. The ideal is when you get an account set up as soon as you enter into parenthood. Talk to your Chicago financial advisor and get the scoop on all the different ways you could invest college savings.
Working toward this sort of goal as a family is certainly a challenge. Many things could hold you back from reaching your goal, from job loss to unexpected financial trauma caused by medical emergencies or other situations draining your monetary resources. Of course none of us hopes this sort of thing ever happens to us. But if you think ahead, you may b able to withstand this sort of emergency with much less damage. Work with your Chicago financial advisor in creating an emergency fund to set extra money aside while you have it so that it's there when something comes up. The idea is to put it somewhere accessible, but not too accessible so you won't be tempted to spend it unless you need it.
This same sort of discipline is required for you to build up an appreciable retirement fund. You can work with a financial advisor to put together a portfolio that suits you as a Chicago consumer. Your Chicago financial advisor will go over all your options, from the requisite IRA and 401k choices to alternatives like a Roth IRA or other options. You have the final say in any investment you make, but it's always good to make these choices with your eyes wide open. Work with an expert and get the whole picture so that you can make the best possible use of your money.
Your Chicago advisor is there for you, to do what you need done and to give advice as needed. The relationship dynamic between the two of you is not complicated: you are in control, and you are leaning on their expertise to further your agenda. Whether you're starting a business, buying a home, or getting set to retire, the expert counsel of a professional Chicago financial advisor can only help steer you in the right direction towards your goals.
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"There are lots of choices out there when it comes to financial advice, and it was honestly overwhelming - but this site helped me narrow my search down to only the most knowledgeable and affordable advisors around!"
Laura D, Boston MA
Michael Porrey, Jr. CRFA™, MBA
IHT Wealth Management123 N Wacker Drive
Chicago, IL 60606
Dan Savas, CFP
Raymond James Financial Services, Inc. Member FINRA/SIPC33 W. Higgins Rd.
South Barrington, IL 60010