Retirement planning isn’t just about saving. A thoughtful withdrawal strategy helps you cover expenses, manage taxes, and protect your investments from market downturns while optimizing your long-term financial security.

Michael Hollis discusses what to know regarding retirement contributions and what you can do when.

The Illinois First Steps Program provides a one-time $50 contribution to help start a 529 College Savings Plan for children living in Illinois. While small, it’s designed to encourage families to begin saving early, and regular contributions over time can grow into a significant college fund.

Are you paying too much for insurance or not enough? Your home and auto policies may leave gaps or cover things you don’t need. Reviewing property values, vehicle coverage, liability limits, and the need for an umbrella policy can protect your assets and your wallet.

Michael Hollis, CFP®, explains how to maximize contributions to 401(k), 403(b), TSP, and IRA accounts, including catch-up contributions for those 50 and older. Discover actionable steps to adjust your contribution rate, evaluate employer matches, and rebalance your portfolio to ensure your retirement goals stay on track. Small changes today can make a lasting impact on your financial future.

Holiday spending doesn’t have to derail your retirement savings. You can avoid typical pitfalls by returning to your values and goals. By focusing on what truly matters, setting clear financial objectives, and communicating honestly with loved ones, you can enjoy the holiday season without sacrificing your long-term financial security.

In the next two decades, a whopping $68 TRILLION is set to pass from the baby boomer crowd to us millennials. That’s a truckload of cash, folks! If you’re wondering how to ensure your hard-earned assets go where you want them to, you’re in the right place. I’m here to equip you with the lingo and insights to kickstart your game plan.

Rising inflation costs have triggered the IRS to announce one of the most significant jumps in the maximum contribution employees can make to their Health Savings Accounts (HSA) in 2024. This is an excellent opportunity to review HSAs, why they benefit financial and retirement planning, and how you can maximize their effectiveness.