ICFP FAQ
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How many millionaires do you know that have become wealthy by investing in savings accounts? I rest my case.
Sources:Bankrate.com, U.S. Treasury, and Standard & Poor’s. Rates of return and inflation are derived using the averages from 1995 to 2016. U.S. equities are represented by the S&P 500 Index. Past performance does not guarantee future results.
Accounts for Individual(s)
Accounts for Employer(s)
Work with us to better understand how these types of accounts fit into your financial plan.
You should evaluate a Roth IRA at different stages of life
Income allocation is what sources of income are reflected on each year’s tax returns. These sources are different based upon your set of circumstances, but could be, but not limited to, Wages, Pensions, Social Security Benefits, Retirement Plan distributions, Taxable Savings, Dividends, Capital Gains, distributions from properties or companies; the list goes on.
An independent financial professional is not an employee of an investment or financial services firm – they are an independent business owner. They have the freedom to structure their business in a manner that best serves their clients. The independent financial professional utilizes the services of the broker/dealer to process investment business, provide services such as practice management and education.
Now, more than ever, a client wants ‘‘peace of mind’’ when it comes to the safety of financial assets.
A registered representative is an independent business owner who provides financial guidance to their clients and is typically paid a commission when you purchase a financial product.
An Investment Advisor Representative (IAR) is an independent business owner who provides financial guidance to their clients and is generally paid a fee for either managing assets, giving advice or both.
A broker-dealer processes the commission business of registered representatives licensed with the firm and holds responsibility for regulatory compliance and adherence to securities laws.
A Registered Investment Adviser (RIA) processes the fee-based business of IARs licensed with the firm and holds responsibility for regulatory compliance and adherence to securities laws.
Pershing LLC, National Financial Services, LLC, and select firms provide the trade execution, clearing, custody, and other services for securities and related transactions.
Mutual funds, managed accounts, stocks, bonds, etc.
How many millionaires do you know that have become wealthy by investing in savings accounts? I rest my case.
Sources:Bankrate.com, U.S. Treasury, and Standard & Poor’s. Rates of return and inflation are derived using the averages from 1995 to 2016. U.S. equities are represented by the S&P 500 Index. Past performance does not guarantee future results.
Sometimes investment firms create and use identical portfolios for their clients regardless of whether the account is a taxable account or tax deferred account.
Your income allocation is comprised of the components of your taxable income you can control.
Every client wants to get the most out of their investments. They want the highest possible returns with the least amount of risk.
Improve your chances for more consistent returns over time.
Reduce overall risk.
Stay focused on your objectives
Participating in your employer’s plan helps to automate your retirement savings through a “savings habit.”
Link to “Start Young” Content
Link to Dollar Cost Averaging
1 | Embrace market pricing
2 | Don’t try to outguess the market
3 | Resist chasing past performance
4 | Let markets work for you
5 | Consider the drivers of returns
6 | Practice smart diversification
7 | Avoid market timing
8 | Manage your emotions
9 | Look beyond the headlines
10 | Focus on what you control
Create an investment plan to fit your needs and risk tolerance
Because you cannot control the market, you need a plan that gives you the highest probability of being able to achieve your long-term plan and to seek to realize your most deeply held goals.
If at any time, one of these three elements are no longer present in one’s life, they likely will choose to hire and delegate to a financial advisor.
This delegation allows them to spend their time in other ways that they so choose.
“No airplane can take off without a flight plan, no ship can set sail without a plotted course.” ~ Nick Murray.
We invite you to experience a fiduciary relationship where your interests, goals, and objectives come first.
There are typically four options to consider when leaving an employer’s retirement plan, each with its benefits and considerations.
Converting a portion of your tax-deferred assets to a Roth IRA may be a planning consideration based upon your particular circumstances.
“In my house I’m the boss, my wife is just the decision maker.”
1 | Embrace market pricing
2 | Don’t try to outguess the market
3 | Resist chasing past performance
4 | Let markets work for you
5 | Consider the drivers of returns
6 | Practice smart diversification
7 | Avoid market timing
8 | Manage your emotions
9 | Look beyond the headlines
10 | Focus on what you control
Create an investment plan to fit your needs and risk tolerance
Because you cannot control the market, you need a plan that gives you the highest probability of being able to achieve your long-term plan and to seek to realize your most deeply held goals.
How many millionaires do you know that have become wealthy by investing in savings accounts? I rest my case.
Sources:Bankrate.com, U.S. Treasury, and Standard & Poor’s. Rates of return and inflation are derived using the averages from 1995 to 2016. U.S. equities are represented by the S&P 500 Index. Past performance does not guarantee future results.
How many millionaires do you know that have become wealthy by investing in savings accounts? I rest my case.
Sources:Bankrate.com, U.S. Treasury, and Standard & Poor’s. Rates of return and inflation are derived using the averages from 1995 to 2016. U.S. equities are represented by the S&P 500 Index. Past performance does not guarantee future results.
You also may need to consider your potential portfolio returns and your life expectancy.
1 | Embrace market pricing
2 | Don’t try to outguess the market
3 | Resist chasing past performance
4 | Let markets work for you
5 | Consider the drivers of returns
6 | Practice smart diversification
7 | Avoid market timing
8 | Manage your emotions
9 | Look beyond the headlines
10 | Focus on what you control
Create an investment plan to fit your needs and risk tolerance
Because you cannot control the market, you need a plan that gives you the highest probability of being able to achieve your long-term plan and to seek to realize your most deeply held goals.
How many millionaires do you know that have become wealthy by investing in savings accounts? I rest my case.
Sources:Bankrate.com, U.S. Treasury, and Standard & Poor’s. Rates of return and inflation are derived using the averages from 1995 to 2016. U.S. equities are represented by the S&P 500 Index. Past performance does not guarantee future results.
To better understand your Goals, Needs, and Vision for your desired Asset Transfer Plan.
Asset transfers plans usually need to established with the assistance of an attorney to create:
Generally, any account or insurance policy that has a beneficiary, such as, but not limited to:
It can be very difficult for investors to be objective and unemotional when it comes to their money.
For that reason, we believe one of the best ways to determine your risk tolerance is to:
It may be useful to match dependable income sources with fixed retirement expenses while coordinating other investments with more discretionary expenses.
To better understand your Goals, Needs, and Vision for your desired Power of Attorney Plan.
Sometimes investment firms create and use identical portfolios for their clients regardless of whether the account is a taxable account or tax deferred account.
Offices conveniently located in Lombard and Naperville, Illinois.
Office: | 630-796-6161 |
Facsimile: | 630-796-6162 |
Lombard: | 555 E Butterfield Rd., Suite 212 Lombard, IL, 60148 |
Naperville: By appointment only | 1700 Park St., Suite 203 Naperville, IL 60563 |
Registered Representative, Securities offered through Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC to residents of AK, AZ, CA, CO, DC, FL, GA, HI, KS, IA, IL, IN, LA, MA, MI, MN, MO, NC, NJ, NM, NV, NY, OK, OR, SC, SD, TN, TX, VA, WA, WI. Investment Advisor Representative, Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Cambridge and Independence Capital Financial Partners, LLC are not affiliated.
© Copyright 2021 Independence Capital Financial Partners, LLC
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“Good habits, which bring our lower passions and appetites under automatic control, leave our natures free to explore the larger experiences of life. Too many of us divide and dissipate our energies in debating actions which should be taken for granted.” —Ralph W. Sockman
Things to think about:
Building financial health is not only about acquiring wealth, it’s also about protecting wealth.
Now that you have built a legacy, it’s important to think about how to distribute that legacy to the next generation. Thinking ahead can make the difference when it comes to passing down not just assets, but values, to later generations and causes.
Wealth is not just financial. It is not only found in bank vaults or investment accounts nor can it be measured in the number of homes or material items possessed. It may sound cliché but for most people it is the quality of family relationships, the human assets that really matter.
The human assets are the people in our lives. Human assets are also the values and principles that guide our lives and made us who we are today.
They are the unique stories and collective life experiences that formed across generations. Human assets include the skills our family members possess and our family’s collective interpretations of what constitutes happy and fulfilling lives. It is the governance framework used to make decisions that affect the entire family.
Families should set aside money for investment as early and as often as possible.
In the above example, we highlight a 25-year old who is investing $12,500 per year in hypothetical investments returning 6% per year. By age 65, our 25-year old will have contributed $500,000 into her investment account but will have earned $1,563,096 in investment returns for an end sum of $2,063,096.
But what if she started later in life? Not only will her total contributions be smaller but her earned returns will be smaller as well. In fact, if she doesn’t start until she is 45 years old then she would have to invest an additional $40,087 per year to catch up to her 25-year-old self.
In short, start young and invest often.