For decades, the "Stretch IRA" was a cornerstone of estate planning for high-net-worth families in Chicago. It allowed beneficiaries, often children or grandchildren, to take distributions from an inherited IRA over their own life expectancy. This strategy deferred taxes for decades, allowing the underlying assets to grow exponentially. However, the [...]
What a Comprehensive Wealth Review Looks Like for Chicago Families Many people think a wealth review simply means reviewing account balances and investment performance. While that may be part of the conversation, a comprehensive wealth review is broader in scope and helps you evaluate how different parts of your household’s [...]
Fee-Only vs. Commission-Based Advisors: Understanding the Differences Choosing between a fee-only vs. commission financial advisor can affect not only what you pay for financial advice, but also how your advisor is compensated. Understanding the differences can help you evaluate potential conflicts of interest and determine which compensation model is right [...]
