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Our Services

Comprehensive Financial Planning

Retirement Planning for IMRF members and retirees

  • Financial planning for IMRF members
  • Retirement planning for IMRF members
  • Retirement and health care projections
  • Analysis of options to purchase IMRF past service credit
  • Assistance with investment selections and setting contribution amounts for 457(b) and 403 plans
  • Click purple button to view my presentation on retirement planning for IMRF members 2019 IMRF Municipal Retirement.pdf

 Retirement Road Map 

  • Social security decisions - maximize social security income
  • Retirement expenditure projections
  • Retirement account investment review (401K, IRA, etc.)
  • Managing tax liability during retirement

Social Security Planning (see separate page for more information)

Income Tax Planning and Income Tax Preparation

Other Services

  • Education planning
  • Family Spending Plans
  • Insurance needs analysis
  • Estate planning overview
  • Home purchase - affordability analysis
  • Small Business Spending Plans
  • Employee Benefits Selection Assistance
  • Investments/portfolio review and recommendation 
  • Pre-Retirement Financial Check Up
  • Second Opinions



Comprehensive Financial Planning

We encourage our clients to consider a comprehensive financial planning approach. This approach allows us to consider all the facets of one’s financial situation in conjunction with the client’s short term and long-term goals. Planning your financial future can be scary and intimidating. Let us help you create your plan and guide you through the various stages of your life as your plan takes shape. We understand that not all clients are interested in this comprehensive approach, thus we offer a broad range of individual services that comprise the comprehensive financial plan.

“By failing to prepare, you are preparing to fail.” ― Benjamin Franklin

We Provide Answers to Your Retirement Questions

Whether you are 5, 10, or 25 years from retirement, you should be planning for this special time in your life.

  • How much income will you need in retirement?
  • Will you have pension income and will that be enough?
  • If you won’t have a pension, how do you maximize your Social Security income?
  • When would you like to retire and will you be prepared?
  • Are you saving enough for retirement today?
  • Are you maximizing your contributions to your 401K, 457, or 403B?

We can help answer these questions and determine the steps you need to take to be prepared to retire when you want with the standard of living you desire.

Education Planning

If you have children, retirement may be the farthest thing from your mind as you contemplate the costs of raising and educating your children.

  • Can I afford to save for my child’s education and also save for retirement?
  • What is the projected cost for my child’s college tuition?
  • If you won’t have a pension, how do you maximize your Social Security income?
  • Should I open a 529 Plan, purchase a U.S. (Series EE) savings bond or open a Coverdell Education Savings Account?

Let us explain the various education savings options available to you and help you choose the best option for your family.

Tax Planning

  • Are you maximizing your deductions?
  • Are your withholdings structured properly to allow you to keep more of your earnings each pay period or are you receiving a sizable income tax refund each year?
  • Are you aware of events that may occur throughout the year that will have an impact on your income tax liability?

We have the experience and knowledge of the tax code to help you avoid a tax surprise in April.

Insurance Planning

  • Do you have the proper coverage for your home and auto?
  • If you are unable to work for an extended period of time, do you have disability insurance coverage and will it be enough to provide for your family?
  • Do you have life insurance coverage that will provide for your family in their time of need?

Insurance can be a difficult topic to understand and even discuss. Let us analyze your situation to help you understand if you are properly covered.

Personal Spending Plans

  • In order to know what you can afford to save for education or retirement, you need to understand how you spend your money today.
  • Shortly after you receive your pay stub, do you often wonder, where does all the money go?
  • Do you know how much you spend on entertainment, groceries, utilities or clothes each month?

We strongly believe that understanding your family’s day-to-day living expenses is the foundation of your financial plan. Let us help you understand how you spend your money. This is the first step in determining what changes you can make to your spending habits that will put you on a path to achieve your goals.


Personal Spending Plans

Living within your means by spending less than you earn and having a steady plan of saving money is one way that you can build financial security. Whether you save money by contributing to your retirement account, savings account or both, a disciplined approach to regular contributions to a savings account will prove beneficial to your overall financial health. Income

  • If you are paid bi-weekly, you’ll receive 26 paychecks per year. This means that during 2 months of the year you will receive 3 paychecks.
  • Do you wonder where the money from those 3rd paychecks goes?
  • Do you know how much you take home each pay period?

Having a spending plan will allow you to understand how much take home pay you have to spend on your living expenses. Monthly Expenses

  • Putting a spending plan together will help you understand where you spend your money.
  • Are you spending a good deal of money each month eating out?
  • Do you know what you spend annually on utilities?

Knowing where you spend your money will give you the ability to make adjustments in order to save more, take a vacation or treat yourself to a day at the spa or a round of golf. Semi-annual Expenses

  • When the semi-annual bill for your car insurance comes in the mail, do you find yourself wondering if you’ll have enough in your checking account to pay the bill?
  • Do you hope to take your family on a summer vacation but when the time comes you find you don’t have the funds?

A spending plan not only helps you understand your expenses, it will also help you plan for expenses that don’t occur each month, such as a vacation or a semi-annual car insurance bill. Emergency fund it is recommended that families keep an emergency fund equal to 6 months of living expenses and individuals keep 3 months of living expenses. Without a spending plan, it may be hard to determine what amount your emergency fund should be and even more difficult to establish an emergency fund. An emergency fund is to be used for periods of unemployment or for unexpected expenses.


Retirement Planning

The economic conditions over the last few years have caused many individuals to reevaluate their retirement plans.

Saving for Retirement
It’s never too early to start saving for retirement. Let us help you determine how much you can afford to save.

Retirement Income
It’s important to know how much monthly income you’ll need in your retirement years. It’s important to know what your retirement income sources will be. Will your income come from Social Security, Pension, retirement savings or a combination of one of these sources?

Social Security Maximization
The decision to begin taking social security benefits can be one of the most difficult and complex decisions to make. There is no one size fits all solution to your Social Security benefits. We can do the analysis to determine the impact of your social security collection strategies on your retirement plan.

Living Expenses During Retirement
Your living expenses during retirement will not be the same as your living expenses during your working years. In order to understand what your expenses will be during retirement, you need to understand your expense during your pre-retirement years.

Depending on your goals and circumstances, you may spend more on medical expenses or travel during your retirement years. We can help you understand your income and expense needs during your retirement years. Let us help you determine when to apply for social security benefits.

"What If?" Scenarios
We will establish a base retirement plan based on your individual situation. From there, we will develop What-If scenarios allowing us to analyze the impact of various potential life events on your retirement plan.


Other Financial Planning Services

In addition to comprehensive financial planning services, tax planning and preparation and retirement planning, we can assist you and your family with services that are limited in scope.

Insurance Analysis
We can review your life, health, disability, auto and home insurance policies and provide a recommendation on changes to your coverage level. Retirement Account Investment Review When you chose the investments in your retirement account did you consider an asset allocation model that matches your risk tolerance and years until retirement? Let us review your investment selection and make recommendations based on your risk tolerance and time horizon.

Second Opinion
Do you have an investment account and you’re wondering if the investments are right for your risk tolerance and investment goals? We can perform an independent review of your current portfolio.

Home Purchase Affordability Analysis
Are you a first time homebuyer but you’re not sure how much you can afford to borrow? Let us help you determine how much home you can afford and help you plan to complete one of the largest purchases in your life.

Pre-Retirement Check Up
Perhaps you’re very close to retiring and you feel you are ready but you would like an objective opinion of your plan. We can review your financial situation and provide guidance on how well prepared you are for your upcoming retirement.

401K Account Left Behind
Do you have a 401K account that you left behind at a previous employer? Contact us; we can help you understand your options for transferring this account to a self-directed IRA.

Considering an IRA Are you familiar with the differences between a Roth IRA and a traditional IRA? We can advise you as to the best option for your situation.

Early Retirement Package
Is your employer offering an early retirement package? Have you already accepted an early retirement package offer? We can help put your retirement plan together in a short period of time.

Lump Sum Pension Benefit
Is your employer offering an option to convert your pension to a lump sum benefit? Prior to making a decision, let us do the analysis for you.

Generation Y – Education and Planning
Are you a parent of a high school or college age young adult? If you’d like somebody other than a family member to explain the importance of financial discipline, personal spending plans and saving regularly, we can help. We believe an early introduction to financial planning will give your young adult the skills he/she needs to achieve their goals. A financial planning session makes a perfect graduation gift.