Make Budgeting a Piece of Cake
The most important piece of advice you need to always remember is your income must be equal to or greater than your expenses.
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Peter Newman, CFA®
- Jan 7, 2021
- 2 min
University of Illinois Voluntary Separation: Should I Do It?
If you need assistance evaluating these financial items, Peak Wealth Planning can guide you through this critical decision.
Peter Newman, CFA®
- Jan 7, 2021
- 4 min
What are Your Priorities: Where does Your Cash Go?
Starting with an important goal in mind will motivate you to tackle your budget.
Peter Newman, CFA®
- Dec 31, 2020
- 3 min
Make Up Your Mind Day
Make your decision and stick to it. Find success by reaching out to experts or really commit to doing your research.
Peter Newman, CFA®
- Dec 24, 2020
- 4 min
Give in 2020: Feel Good and Save on Taxes
“Money spent on others can buy happiness.”
Peter Newman, CFA®
- Dec 17, 2020
- 3 min
Silver Lining for your IRA: Roth Conversion
If your traditional IRA account has declined, converting the account to a Roth now will minimize your tax hit.
Peter Newman, CFA®
- Dec 10, 2020
- 4 min
'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 3, 2020
- 4 min
'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®
- Nov 26, 2020
- 6 min
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 19, 2020
- 3 min
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 12, 2020
- 3 min
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 5, 2020
- 3 min
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®
- Oct 29, 2020
- 5 min
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 22, 2020
- 4 min
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 15, 2020
- 5 min
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 8, 2020
- 7 min
Thinking of withdrawing your 401K? Don’t.
Withdrawing from your 401k should be a last resort.
Peter Newman, CFA®
- Oct 1, 2020
- 6 min
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®
- Sep 24, 2020
- 5 min
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 17, 2020
- 4 min
Big Changes to SURS Self Managed Plan (and What it Means for You)
What are the pros/cons of the new Retirement Savings Plan? What is the Secure Income Portfolio? How can I forecast my retirement income?
Peter Newman, CFA®
- Sep 10, 2020
- 6 min
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 3, 2020
- 5 min
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®
- Aug 27, 2020
- 6 min
Don’t Miss Your Boat: Plan for Insurance Changes Before Retirement
Peak Wealth Planning recommends a comprehensive review of your insurance coverage at least 10 years before your planned retirement.
Peter Newman, CFA®
- Aug 20, 2020
- 5 min
Answers to Your Top Social Security Questions
Americans become eligible for social security benefits between ages 62-67, but monthly benefits depend on how early you elect to start.
Peter Newman, CFA®
- Aug 13, 2020
- 6 min
Demystifying the Diversification of your ESOP Holdings
Decisive actions you take today could make the greatest impact on your financial future.
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