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[Video] How Taxable Accounts Work

Taxable Accounts

STEPHEN SMALENBERGER, EA There are only three types of accounts: Taxable Tax-Deferred Tax-Free Let’s jump in and look at the first, Taxable. The accounts in this registration category include the following: Checking Savings Individual Joint Trust The movement of money within the type of account is seen below:           Who are…

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Friday’s Financial Update 7-7-2017

Tax Rates by State

STEPHEN SMALENBERGER, EA The State of Illinois has been operating without a budget for over two years… 736 days to be exact.  That all changed yesterday as the members of the Illinois House of Representatives passed into law the largest permanent tax rate increase in state history.  This came only after successfully overriding Governor Bruce…

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[Video] Is Your Power of Attorney Accessible?

Power of Attorney

MICHELLE SMALENBERGER, CFP® As it’s the summer and we’re all excited to go off to a vacation somewhere nice and lay on the beach, or be in the sunshine, I’m sure that many of us are probably forgetting to pack something that’s really important. Today we’re going to be talking about “packing” your POA, or…

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Friday’s Financial Update 6-30-2017

Financial Friday

MICHELLE SMALENBERGER, CFP® You have likely given more thought to your summer vacation plans this week than to the performance of the financial markets.  That’s because this week has been relatively quiet.   That means the market has left it to our 4th of July celebrations to provide the fireworks instead of any market headlines! Investors…

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Life Insurance Video Series

Type of Insurance

MICHELLE SMALENBERGER, CFP® I’d like to talk about one area of financial planning that seems to be misunderstood. Or maybe there’s just a lack of knowledge about this topic, and that’s insurance. When you’re considering getting any type of insurance, you the insured are looking to transfer the risk to someone else. So really what’s…

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