Objective information about financial planning, investments, and retirement plans

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]

Tis the Season for Stock Market Predictions

As I listen to CNBC in the background and read the financial press it is the season for the pundits to make their 2015 stock market predictions.  Some of these predictions relate to the level of the market in general, others include “hot stocks … [Continue reading]

8 Year-End Financial Planning Tips for 2014

When I thought about this post I looked back at a post written about a year ago cleverly titled 7 Year-End 2013 Financial Planning Tips.  The year-end 2014 version isn’t radically different but it’s also not the same either. Here are 8 … [Continue reading]

What I’m Reading-Packers Reign Supreme Edition

It’s Cyber Monday (can you say contrived promotional event) and I have already been to O’Hare to drop my daughter off.  Amazing how crowded it was even at 5 AM. Great football games over the holiday weekend, but none better than the Packers … [Continue reading]

Are You Ready For Retirement?

To my readers: The infographic that was originally included in this post was taken down as was the link to the firm that supplied it due to a malware warning on their site.  Please check out the many other posts on this site in the retirement … [Continue reading]

7 Retirement Savings Tips to Help Avoid Regret

According to TIAA-CREF’s Ready to Retire Survey “…more than half of people approaching retirement (52 percent) say they wish they had started saving for the future sooner.”    Some key findings from the survey include: “Many … [Continue reading]

What I’m Reading: Pre-Thanksgiving Edition

It’s an overcast Saturday here in the Chicago area.  Watching some college football and relaxing.  We are looking forward to having everyone home this upcoming week. Here are a few financial articles I suggest checking out for some good … [Continue reading]

Financial Independence or Retirement – Which is the Better Goal?

This is a post by author and financial journalist Jonathan Chevreau.  Jon is at the forefront of a movement he calls "Findependence."  This is essentially looking at becoming financially independent so that you can pursue the lifestyle of your … [Continue reading]