Blog
What’s on our mind? You can read about it in our blog. Whether it’s ideas from the industry or emerging trends, you can read about it here. And once in a while, we may throw in a movie review or some other surprise. So keep checking in. We’re glad to have you reading along.
President Biden's Tax Proposal-Estimated Revenue
As a follow up to last week's post on President Biden's American Family Plan, our partners at First Trust have illustrated the estimated revenue expected to be generated from the proposed tax policy changes.
Read MorePresident Biden's Tax Proposal
President Biden’s American Families Plan, which was officially announced on April 28, 2021, has had a fluid narrative. While it may be too early to make updates to your existing financial plan regarding potential policy changes,...
Read MoreTax Harvesting
As all of us know, COVID 19 has brought many changes, but as the saying goes, the only thing certain in life are death and taxes. Taxes play a critical part in what we do for many clients. However, tax planning typically takes places...
Read MoreRefocusing Your Financial Goals
Refocusing Your Financial Goals What is your goal, and is it realistic? When setting goals make sure the are attainable, otherwise you will fill defeated and possibly abandoned your planning and goals. Credit Cards- Pay them off as...
Read More2020 Best Places to Retire
2020 has been a wild ride! There have been so many changes to our NORMAL daily lives and a lot of people are stepping back and re-focusing on what is important in their lives. One trend that has come from the Corona Virus Pandemic is...
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How Much Will College Cost and How To Plan For Those Costs
Wrapping up with our education theme this month I would like to discuss how Troxell Financial can help alleviate some stress as it relates to planning for your child’s college education. The average annual increase of college...
Read More7 Reasons You Should Save for Retirement Before Saving For College
Some people are torn on whether they should reduce retirement savings to save for their children's college. Here are 7 reasons why retirement should be your first priority. Pay yourself first! Ensure you have properly funded an...
Read MoreCoping with Stress and Return to School
I want to talk about how parents and children can help one another during this stressful and confusing time of return to school. With all the decisions on what to do and how you are going to do it are real life stressors most of the...
Read MoreCollege Savings Plans
Most families with kids today are talking about next year’s education and how this will be handled with a pandemic. Even before COVID, there was a burgeoning debt problem in the US and centered squarely on the backs of our...
Read MoreIrrevocable Life Insurance Trusts (ILIT)
Life insurance is a common source of estate liquidity because it provides a large amount of cash at the decedent’s death. So, what exactly is an Irrevocable Life Insurance Trust, commonly referred to as an ILIT, and how does it...
Read MoreIllinois Invest in Kids Act
Let's discuss the Illinois Invest in Kids Act and the benefits of making a charitable investment in kids through a scholarship granting organization (SGO) like Empower IL. The Invest in Kids Tax Credit Scholarship Program currently...
Read MoreSpecial Needs Planning
Planning for your Child with Special Needs Planning for you children’s future is something no parent wants to think about, their child living without them. This type of planning becomes especially concerning when a parent has a...
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