Some thoughts as the Dow reaches 20,000


A 20,000 Dow – What does it mean? As with any milestone number, the Dow approaching 20,000 has many people excited but not sure what to do.  Should we buy in now because the stock market will go higher?  Or should we take gains to free up cash in case the market declines?  The simplest […]

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First Victory for the Fiduciary Rule


An early victory was scored for consumers last week when a federal court refused to place on hold the U.S. Labor Department’s “Fiduciary Rule.”  The rule, which will take effect next April, requires anyone giving advice on retirement accounts always to act in the best interests of their clients.  The ruling involved a case filed […]

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Changes to Social Security and the Impact on you


After receiving no cost-of-living adjustment (COLA) for 2016, the Social Security Administration announced on Tuesday, October 18th that benefit recipients shall receive a 0.3% COLA for the 2017 year.  This means an individual who received $15,000 in Social Security benefits for 2016, will now receive $15,045 for 2017.  These adjustments are made to keep pace […]

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Last Minute Tax Tips


As we move into the final days of 2014, it’s not too late to take actions that can reduce your tax bill. As usual, all else being equal, it’s a good idea to defer income and accelerate deductions. Waiting until 2015 to realize capital gains can make sense, as can bunching deductions like charitable donations […]

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2015 Market Outlook from SSGA


Investors would be hard-pressed to find many broad asset classes that had done anything but go up this year until volatility reared its head in October. While there have been periods of dispersion in returns, most portfolios are sitting on decent gains since markets bottomed in March 2009. This year, risky assets have performed resiliently […]

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How Financial Advice Helps People Get Ahead


Eighty-six percent of Americans who get advice take positive steps toward improving their financial well-being, according to a new survey by TIAA-CREF. More than half change their spending habits, increase the amount they save each month and even establish an emergency fund. What’s more, two-thirds of those who get advice say they feel optimistic about […]

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Congress Finally Extends Tax Breaks for 2014


Well, finally. Congress on Tuesday night extended dozens of expired “temporary” tax breaks for 2014. It took the Senate, by a 76 to 16 vote, until the week after Congress was supposed to adjourn to pass the bill, which the House had already approved. The bill will now be sent to President Obama, who is […]

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Mentor Monthly Missive – December 2014


Mentor Monthly Missive – December 2014

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www.ChicagoFeeOnlyFinancial.com


We are happy to announce the launch of a new website focusing on Fee-Only financial planning in the Chicago area. In cooperation with seven other advisors, John Davis and Dan Carey hope to make it easier for consumers to get objective advice about managing their personal finances. We are committed to providing these services to […]

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Mentor Monthly Missive – November 2014


Mentor Monthly Missive – November 2014

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