Retirement Planning
Creating a plan to accumulate sufficient savings and generate income to support your desired lifestyle in retirement.
Chicago Financial Planning Advisors: Your Roadmap to Financial Confidence
Are you looking for trusted financial planning advice in Chicago? At Platinum Financial Associates, we understand that your financial life is unique. That's why our team of financial advisors is dedicated to providing personalized guidance and support. With us, you can confidently pursue your financial goals.
Our Chicago Financial Planning Services
We offer a comprehensive range of financial planning services designed to meet the diverse needs of individuals and families in Chicago:
Retirement Planning
Retirement should be a time to enjoy the fruits of your labor, not worry about your finances. We'll work with you to:
Investment Planning
We'll help you make informed investment decisions that align with your overall financial plan and risk tolerance.
Estate Planning
Protect your legacy and ensure your wishes are carried out according to your values.
Education Planning
Investing in education is an investment in the future. We'll guide you through the process.
Insurance Planning
We'll help you assess your insurance needs and find the right coverage to protect yourself and your loved ones.
Develop a Personalized Retirement Income Plan
Determine how much income you'll need in retirement and create a strategy to pursue your goals, considering factors such as Social Security, pensions, investments, and other income sources.
Outline Comprehensive Retirement Savings Strategies
We'll explore various retirement savings vehicles, such as 401(k)s, IRAs, and Roth IRAs, to help you save effectively for retirement, taking into account your current income, expenses, and long-term goals.
Optimize Your Social Security Benefits
We'll help you understand your Social Security options and choose the claiming strategy that maximizes your benefits, potentially adding significantly to your retirement income.
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Manage Healthcare Costs in Retirement
We'll help you develop a plan to address the rising costs of healthcare in retirement, exploring options such as Medicare, long-term care insurance, and health savings accounts (HSAs) aiming to protect your assets.
Portfolio Construction & Management
We'll design a diversified investment portfolio that balances risk and return based on your financial goals, time horizon, and comfort level with market fluctuations.
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Risk Management & Asset Allocation
We'll determine the appropriate mix of asset classes (stocks, bonds, real estate, etc.) for your portfolio to manage risk effectively and strive for long-term growth.
Tax-Efficient Investing
We'll implement investment strategies that minimize your tax liabilities and maximize your after-tax returns so that your investments work harder for you.
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Wills & Trusts
We'll help you create a comprehensive estate plan that includes a will, trusts, and other legal documents to distribute your assets according to your wishes, minimizing potential family conflicts and ensuring a smooth transfer of wealth.
Legacy Planning & Charitable Giving
We'll work with you to establish a plan for your legacy, exploring options for charitable giving that align with your values and create a lasting impact on the causes you’re passionate about.
Minimizing Estate Taxes
We'll implement strategies to minimize potential estate taxes, maximizing the inheritance you leave to your loved ones and ensuring that your wealth is transferred efficiently to the next generation.
College Savings Plan Selection & Management
We'll explain the various college savings options, such as 529 plans, and help you choose the best plan for your needs, considering factors such as tax advantages, investment options, and state-specific benefits.
Financial Aid Strategies
We'll help you navigate the complexities of financial aid, explore potential scholarships and grants, and develop a plan to minimize your out-of-pocket expenses for education.
Life Insurance Analysis & Recommendations
We'll determine if you need life insurance and how much coverage is appropriate for your situation, considering factors such as your income, debts, and financial dependents.
Long-Term Care Insurance
We'll help you understand the importance of long-term care insurance and determine if it's right for you, providing guidance on coverage options and costs to protect your assets from the potentially devastating costs of long-term care.
Disability Insurance
We'll help you ensure your income stream is protected in the event of a disability that prevents you from working, providing peace of mind and financial security for you and your family.
Ready to Discuss Your Financial Goals?
Contact Platinum Financial Associates today to schedule a complimentary consultation with our Chicago financial planning advisors. Let's start building your personalized roadmap to financial confidence.
What Is Comprehensive Financial Planning?
Comprehensive financial planning is a holistic approach to managing your finances that considers all aspects of your financial life, including:
Investment Management
Developing and managing a diversified investment portfolio that aligns with your risk tolerance and financial goals.
Education Planning
Saving for your children's or grandchildren's education expenses.
Estate Planning
Ensuring that your assets are distributed according to your wishes and minimizing potential estate taxes.
Tax Planning
Developing strategies to minimize your tax liabilities and maximize your after-tax income.
Insurance Planning
Protecting yourself and your family from financial risks, such as illness, disability, or death.
Benefits of Working with a Fee-Only Financial Advisor
Fee-only financial advisors are compensated solely by the fees you pay for their services. They don’t receive commissions on the sale of financial products to ensure that their advice is independent and comprehensive. This fee structure aligns their interests with yours, as they focus on helping you pursue your financial goals, not on selling you products.
Why Choose Platinum Financial Associates for Financial Planning in Chicago?
We believe your financial plan should be as individual as you are. We don't believe in generic advice or one-size-fits-all solutions. At Platinum Financial Associates, we take a down-to-earth approach to financial planning, working collaboratively with you to develop a roadmap that aligns with your values, goals, and aspirations.
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Well-Versed Chicago Financial Planning Advisors
Our team of financial advisors has a deep understanding of investment management, retirement planning, tax strategies, and estate planning. We’re committed to upholding the highest ethical standards, always acting in your best interest as fiduciaries.
Personalized Financial Plans, Not Products
We don't just sell financial products — we create personalized financial plans tailored to your specific goals, risk tolerance, and life stage. Whether you're focused on retirement planning, education planning, investment management, or legacy planning, we'll work with you to develop a strategy that reflects your unique needs.
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Long-Term Relationships Built on Trust
We're committed to building lasting relationships with our clients, acting as your valued advisor throughout your financial journey. We believe that open communication, transparency, and a genuine commitment to your well-being are key to cultivating a successful client-advisor relationship.
Meet Our Team of Dedicated
Financial Planners
Our professionals are committed to providing you with personalized guidance and support every step of the way. We take the time to understand your unique needs and goals, working collaboratively to develop and implement a financial plan that aligns with your vision for the future.
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Susan S. Lewis
Founder & CPA
Experienced tax professional with a passion for helping businesses thrive.
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Diane Williams
Administrative Associate
Efficient and organized support professional, ensuring smooth operations.
FAQ About Financial Planning in Chicago
How does comprehensive financial planning differ from just investment management?
While investment management focuses on growing your wealth through investments, comprehensive financial planning takes a broader view of your financial life. It includes all aspects of your financial well-being, including retirement planning, education planning, estate planning, tax planning, insurance planning, and more. We believe that a holistic approach to financial planning is essential for achieving true financial independence.
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Do I need to have a high net worth to work with a financial advisor?
Absolutely not. At Platinum Financial Associates, we work with clients from all walks of life and at various stages of their financial journeys. You don't need to be wealthy to benefit from professional financial advice. Whether you're just starting out or are well on your way to achieving your financial goals, we can provide the guidance and support you need to make informed financial decisions.
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How can financial planning help me with life's transitions?
Life is full of transitions — marriage, children, career changes, retirement — that can significantly impact your finances. Our Chicago financial planning advisors can help you navigate these transitions with confidence, providing guidance on financial decisions, asset transfers, and adjustments to your overall financial plan.
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What if I have questions or concerns between our scheduled meetings?
We believe in open communication and are always available to address your questions and concerns. We encourage you to reach out to us whenever you have a question or need assistance. Your financial well-being is our priority, and we're here to support you every step of the way.
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Take the First Step Towards Financial Confidence
Don't wait to start planning for your financial future. Contact Platinum Financial Associates today to schedule a complimentary consultation and discover how our Chicago financial planning services can help you pursue your goals.
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