Joe Lyons, LLC

Joe Lyons, LLC Joe Lyons LLC, The Chicagoland LPL Financial Advisor Some advisors think of financial planning as a one-time event. We take a different approach.

I provide complete financial planning and want to be recognized as your primary advisor for all circumstances. They prepare an elaborate plan, which may be obsolete by the time they deliver it to their clients and the plan may rarely be looked at after the fact. We use a concept called Critical Financial Events. Critical Financial Events are anything and everything that pertains to and affects you

r finances, either now, or in the future. It could be retiring, legacy planning, education planning, charitable giving, etc. Critical Financial Events are sometimes predictable and planned but our experience is that they are more often random. One thing we know is that they can have a profound impact on people’s lives. Your life will have its own pattern of Critical Financial Events. You will be much happier throughout your life and have greater confidence if you have planned for the different possible events that can occur. We follow a process of planning for potential Critical Financial Events that could affect you. Our purpose is to cushion the effects of the Critical Financial Events in your life so you stay on track and pursue your financial goals and objectives. We do this by recognizing the significance of your Critical Financial Events. This means having a clear understanding of your goals, objectives and current circumstances. We will then use our resources, knowledge and expertise to provide advice and develop a long-term relationship of trust and understanding. This approach is designed to help you pursue or work toward what you want at any juncture in your life.

Planning for your child's future education is crucial. Start saving early to ensure their bright future. Our article dis...
04/17/2024

Planning for your child's future education is crucial.

Start saving early to ensure their bright future.

Our article discusses different savings account options for college education, such as 529 plans and education savings accounts (ESAs).

→ 529 plans allow you to choose any state's plan and offer tax deductions. The funds in these accounts can only be used for qualified education expenses.

→ ESAs function similarly to 529 plans but have income restrictions. If there are unused funds in an ESA, they need to be rolled into another ESA or a 529 account.

A financial advisor like me can help you develop a tailored financial plan and guide your savings journey.

By starting early, you can alleviate the burden of student loans in the future. Mooney Lyons is a financial advisory firm that can assist you in reaching your financial goals, including your child's education plan.



Link to article: https://www.mooneylyons.com/resources-1/college-education-plan-saving-for-your-childs-bright-future

🚫 Don't fall into these costly traps in estate planning! Learn about the top 7 mistakes to avoid, from neglecting to hav...
04/16/2024

🚫 Don't fall into these costly traps in estate planning!

Learn about the top 7 mistakes to avoid, from neglecting to have a plan in place to forgetting to update beneficiaries. Make sure you designate power of attorneys for crucial decisions and consider the implications of leaving assets to minors.

Don't forget about your digital assets, final wishes, or tax planning. With proactive steps and guidance from experts like Mooney Lyons Wealth, you can navigate estate planning successfully. 💼💡



Read more: https://www.mooneylyons.com/resources-1/top-7-estate-planning-mistakes

04/12/2024

❓What is Medicare?
❓Who is eligible for Medicare?
❓What are my coverage options?
❓How is Medicare related to social security?
❓How does my income affect both?

If you don't have an answer to any of the above, you may want to attend one of our upcoming events around this topic.

Contact me to learn about the upcoming dates in May and location.

Discover how to supercharge your 401(k) retirement plan with these savvy strategies! 💰💼1. Take Advantage of Employer Mat...
04/10/2024

Discover how to supercharge your 401(k) retirement plan with these savvy strategies! 💰💼

1. Take Advantage of Employer Matching: Don't leave free money on the table! Contribute up to your employer's match.

2. Optimize Asset Allocation: Strike the right balance between stocks and bonds based on your age for maximum growth.

3. Stay Steady During Downturns: Don't panic sell during market dips; consider rebalancing your portfolio instead.

4. Increase Contribution Over Time: Start with the match and bump it up by 1% annually to build a strong retirement nest egg.

5. Consider Roth 401(k) Contributions: Lower future tax bills by paying taxes upfront; withdrawals in retirement are tax-free.

For expert guidance on retirement planning, investing, and more, consult with Mooney Lyons financial advisors.💼💡



🔗 Link: https://www.mooneylyons.com/resources-1/maximize-the-potential-of-your-401k-retirement-plan

Retirement planning is complex, and there are often important factors that are overlooked. This article highlights three...
04/03/2024

Retirement planning is complex, and there are often important factors that are overlooked. This article highlights three key considerations to keep in mind when planning for your golden years:

Inflation: The rising cost of goods over time can have a significant impact on your retirement finances. It's crucial to account for inflation in your saving strategy to ensure that your savings can sustain your lifestyle.

Taxes: Unfortunately, taxes don't disappear during retirement. Pre-tax retirement accounts and investment activity can still be subject to taxes, affecting your annual income. It's essential to include taxes when calculating how much money you'll have available in retirement.

Budgeting: Even in retirement, budgeting remains essential. It's crucial to manage your fixed income wisely and budget for expenses like groceries, entertainment, transportation, healthcare, travel plans, and living expenses. As you age, healthcare costs typically increase, so it's vital to plan accordingly.

Taking these factors into account when planning for retirement can make a significant difference in your financial well-being. If you need assistance with your retirement planning, the advisors at Mooney Lyons are ready to help!

Link to article: https://www.mooneylyons.com/resources-1/the-top-three-factors-you-forgot-to-consider-when-you-were-planning-your-retirement

04/02/2024

Do you (and should you) invest in international, non-U.S companies? If so, which countries are attractive to you?

How do you make such decisions without "boots on the ground?"

Reach out so we can discuss some of our top ideas around investing internationally.

04/02/2024

It's tax season which may have you talking muni bonds for their unique tax features.

Watch the video around some headline risks associated with muni bonds.

Contact us if you want to learn if munis are a good investment for you.

Top 3 Financial Hacks for New Entrepreneurs:1. Track Cash Flow: Avoid money troubles by monitoring your expenses and cas...
03/28/2024

Top 3 Financial Hacks for New Entrepreneurs:

1. Track Cash Flow: Avoid money troubles by monitoring your expenses and cash flow. Tools like QuickBooks can make this easy, helping you stay on top of invoices and expenses.

2. Separate Finances: Keep personal and business finances separate for clarity. Opening a dedicated business account can streamline organization and tracking.

3. Set SMART Goals: Make your business goals specific, measurable, achievable, realistic, and timely. Celebrate milestones along the way to stay motivated!

As a new entrepreneur, managing personal and business finances can be overwhelming, so consider seeking the guidance of a financial advisor to ease the burden. Mooney Lyons offers expert advice and services to help entrepreneurs navigate their financial journey.



🔗 Link: https://www.mooneylyons.com/resources-1/top-three-financial-hacks-for-new-entrepreneurs

03/27/2024

If you are a business owner at a stage in your company's life cycle to be feeling some of these challenges, let's talk.

CEOs like you trust us to navigate their personal finance and business transition management.

Visit us at https://www.mooneylyons.com to learn about us and to schedule a call.

03/25/2024

Contact me to see if munis are the right investment for you.

Address

1 Executive Court, Ste 5
Barrington, IL
60010

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

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