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Financial Planning
A financial plan is a comprehensive evaluation of an individual's current pay and future financial state by using current known variables to predict future income, asset values and withdrawal plans.
Give in 2020: Feel Good and Save on Taxes
“Money spent on others can buy happiness.”
Peter Newman, CFA®
Dec 24, 20204 min read
'Tis the Season to Reduce Tax Burden (part 2)
Pay less taxes through itemizing your deductions. It is like a gift from the U.S. Government.
Peter Newman, CFA®
Dec 10, 20204 min read
'Tis the Season to Reduce Tax Burden (part 1)
When your itemized deductions exceed the standard deduction, you pay less in taxes and keep more in your pocket.
Peter Newman, CFA®
Dec 3, 20204 min read
7 Signs It’s Time To Find A New Financial Advisor
Determine when the right time is for you to find a new financial advisor.
Peter Newman, CFA®
Nov 26, 20206 min read
6 Interview Questions for Your Financial Advisor
What is most important is the advisor brings you peace of mind and confidence in their ability to manage your wealth.
Peter Newman, CFA®
Nov 19, 20203 min read
6 Scenarios Where You May Need an Investment Expert
Check out these examples where an investment advisor will be able to work with you to identify your best financial moves.
Peter Newman, CFA®
Nov 12, 20204 min read
5 Scenarios Where You May Need A Financial Advisor
Save time and boost confidence in your wealth preservation strategy by hiring a financial advisor.
Peter Newman, CFA®
Nov 5, 20203 min read
Bulletproof Your Wealth for the Next Generation
Work with your financial advisor and estate planning attorney to set up your retirement plan and life insurance beneficiaries properly.
Peter Newman, CFA®
Oct 29, 20205 min read
Mortgage Debt has a Purpose
Sometimes it’s a financial mistake to pay off the mortgage on your primary residence. Other times, it makes perfect sense. Let me explain.
Peter Newman, CFA®
Oct 22, 20204 min read
One Stock Made You Rich? Preserve Wealth by Diversifying
Should you leave your wealth concentrated in the single stock that made you rich? The general answer is No. Let me explain.
Peter Newman, CFA®
Oct 15, 20205 min read
Thinking of withdrawing your 401K? Don’t.
Withdrawing from your 401k should be a last resort.
Peter Newman, CFA®
Oct 8, 20207 min read
I’m leaving the University of Illinois. Should I cash in my pension?
The answer depends on your service credits, the type of pension plan, and if you’ll have future employment opportunities within the system.
Peter Newman, CFA®
Oct 1, 20206 min read
New to SURS? Selecting the Right Retirement Plan for Illinois University Employees
As an employee at a state of Illinois public universities, you are entitled to participate in 1 of 3 SURS retirement plans.
Peter Newman, CFA®
Sep 24, 20205 min read
Your 401K: 11 Important Questions Answered
I’ve answered 11 typical questions received from inquisitive readers, and am sharing these insights with you.
Peter Newman, CFA®
Sep 10, 20206 min read
Does Your Retirement Include Guaranteed Income Streams?
For retirement planning purposes you should consider allocating the funds from guaranteed income streams to meet your basic needs.
Peter Newman, CFA®
Sep 3, 20205 min read
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