Objective information about financial planning, investments, and retirement plans

What I’m Reading NFL Conference Championship Edition

Its conference championship weekend in the NFL. The winners of the two games on Sunday will play in two weeks in the Super Bowl.  The Indianapolis Colts play the New England Patriots in the late game.  The first game has my beloved Green Bay … [Continue reading]

Are Brokerage Wrap Accounts a Good Idea?

A reader recently emailed a question regarding a brokerage wrap account he had inherited from a relative.   He mentioned that he was being charged a one percent management or wrap fee and also suspected that he was incurring a front-end load on the … [Continue reading]

What I’m Reading NFL Wildcard Edition

Its Wild Card weekend, in plain English the first round of the NFL Playoffs.  The Carolina Panthers are on the verge of beating Arizona in game one.  I’m rooting for the hated Detroit Lions so that my Packers can face the Panthers next weekend at … [Continue reading]

What I’m Reading – Jay Cutler Superstar Edition

Jay_Cutler_-_11-01-2009_(cropped)

Far too much time on the local newscasts has been devoted to the demotion of quarterback Jay Cutler to backup for this week’s game against the Detroit Lions.  The Bears have had a dismal season and the very sub-par play of Cutler has been cited … [Continue reading]

Dow 18,000 – A Big Deal?

In February of 2013 I wrote Dow 14,000 – Big Deal or Just a Number?  Today the Dow Jones Industrial Average closed at 17,778 after a 421 point gain.  This is on the heels of a better than 200 point rise yesterday marking the average’s largest … [Continue reading]

My Top 10 Most Read Posts of 2014

It’s hard to believe that 2014 is almost over.  I hope that it has been a good year for you and your families. Readership here at The Chicago Financial Planner has increased every year since I started blogging back in 2009 for which I thank you … [Continue reading]

7 Reasons to Avoid 401(k) Loans

One of the features of many 401(k) plans is the ability for participants to take a loan against their balance.  There are rules governing what the loans can be used for, the number of loans that can be outstanding at one time, and the percentage of … [Continue reading]