
Blog
What Are Bonds and How Do They Work?
Dive into the world of bonds with our latest article, designed for the financially curious! Learn the essentials of bonds, from their basic definitions to practical applications, and understand the different types and features that make them a unique investment option. Whether you're looking for steady income or long-term growth, our comprehensive guide will help you confidently navigate the bond market. Discover more and see how bonds can fit into your financial strategy.
Can You Retire on One Million Dollars?
Saving $1,000,000 for retirement is an impressive achievement, but its purchasing power decreases over time. This amount might not be enough to live on unless you have minimal expenses or other income sources. Diversifying your income streams and boosting your savings rate can help ensure a more comfortable retirement. Read more to learn strategies for maximizing your retirement savings and income.
Umbrella Insurance: How It Works and What It Covers
Michael Hollis explains how an umbrella insurance policy provides an essential layer of liability protection beyond standard home and auto policies, safeguarding against extensive financial risks and ensuring peace of mind during unforeseen catastrophic events.
What to Do If You Are Denied Life Insurance
If you've been denied life insurance, understanding the process is key. From exploring workplace benefits to considering unconventional routes like self-insurance, there are options available to protect your family's future, ensuring peace of mind even in unforeseen circumstances.
Teens Can Become Millionaires
Michael Hollis shares the five fundamental principles to financial success for teenagers, how compound growth can skyrocket your savings, and why starting early is the ultimate advantage.
What is the Average Retirement Age?
Discover the changing landscape of retirement in the US, from shifting trends in average retirement ages to evolving attitudes toward work and leisure. We’ll also explore the factors influencing retirement decisions to gain practical advice on preparing for your own retirement journey.
A 401(k) Rollover Step-by-Step Guide
Michael Hollis provides an easy step-by-step process to follow when rolling over your old 401k plan.
The Roth IRA Five Year Rule
Michael Hollis breaks down the Roth IRA 5-Year Rule for both contributions and conversions. An understanding of this rule is imperative when preparing to take withdrawals in retirement.
My Plant List and Other Landscape Tips
I remember vividly how my planting design instructor waxed poetically about how the residential landscape can be an expression of how nature places trees, shrubs, and understory in its harmonious order. Sometimes, that’s easier said than done…
Ten Tips for Tax Filing
If you’re a DIY tax filer, you may be just getting started and feeling overwhelmed. Here’s ten tips for tax filing to guide you along the way…
Learning to File & Understand Your Tax Return
If you’re interested in a deep dive into filing your taxes, this post is for you. Michael Hollis will break down the 1040 form into seven subdivisions: Information About You, Income You Made, Deductions You Can Take, Taxes You Owe, Credits Applied to Your Bill, Payments You’ve Made, and the Refund Due or Balance Owed...
401k vs. Roth 401k: Which One Is Better?
Michael Hollis gives you some key considerations and ideas to optimize your retirement account withdrawals for a long, financially secure, and stress-free retirement.
A Reasonable & Wise Withdrawal Strategy
Michael Hollis gives you some key considerations and ideas to optimize your retirement account withdrawals for a long, financially secure, and stress-free retirement.
Taking a Mulligan on a Roth Contribution
Michael Hollis discusses what to know regarding retirement contributions and what you can do when.
Kickstart Your Little One’s College Savings
Michael Hollis explains the Illinois First Steps Program.
Insurance Policy Checkpoint – How to Ensure You’re Not Under or Over-Insured
The Dala Group asks our clients to send us their insurance declarations so we can help them maximize their transfer of risk and minimize their costs. We always want to ensure that your assets are protected from risks and that you are covered by the insurance you need, not the add-ons you don’t need.
Last Chance Retirement Account Savings
We’re getting to the end of the year. Have you met your retirement savings goals?
Creating a Holiday Spending Plan that Doesn’t Derail Your Retirement Savings Goals
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. The Dala Group would love to partner with you on your journey!