Here are 6 ways to get out, get active and live healthier in Chicago.
At CTS, we believe that a holistic approach to wellness, from financial fitness to physical and mental health, are key elements to living a successful and fulfilled life. And if you’re anything like us, we know that Chicago, with its rich culture and diversity, is the perfect place to get out and explore. Here are six ways to enjoy an active lifestyle in our dynamic city.
Giving Back with Planned Philanthropy: What part does philanthropy play in planning a lasting legacy?
Giving Back with Planned Philanthropy
At CTS, we understand that success in life is about more than amassing wealth. It’s about the conscious legacy you leave behind for your loved ones, community, and society – the lives you’ve touched or perhaps even changed.
Philanthropic planning allows you to combine your charitable goals with your financial strategies. Many wealthy Americans are now more strategic about their giving, aiming to maximize the social impact of their donations. High-impact giving ensures your contributions are used effectively. By planning your giving, you can understand the causes you care about and build relationships with the organizations you support.
Philanthropic planning benefits both donors and charities. For donors, it allows you to set intentional goals for your giving, ensuring it aligns with your values. It also offers the potential for tax benefits and …
Rise of the Robots or a Relationship Renaissance? Not so fast.
Rise of the Robots or a Relationship Renaissance?
Are we experiencing a rise of the machines or an opportunity for a relationship renaissance? When it comes to robo-advisors, CTS believes in forward-thinking technology but not at the expense of hands-on research and face-to-face interaction.
At CTS, we provide personalized financial advice that robo-advisors can’t match. While robo-advisors use algorithms to manage your money, we focus on getting to know you as an individual, tailoring strategies to your specific goals and needs. We keep you involved in the decision-making process, ensuring you understand your investments and feel confident in your choices.
We also act as your financial coaches, helping you stay accountable and adjust strategies as your life changes. Unlike robo-advisors, which offer minimal interaction, we provide access to a knowledgeable, local advisor who knows your situation. Beyond investing, we help with major …
6 Important Financial Strategies for Your 20’s and 30’s
6 Important Financial Strategies for Your 20’s and 30’s
At CTS, we realize that retirement for the Baby Boomer generation likely looks very different than it will for Gen X and Gen Y. In lieu of pension plans and other traditional benefits that Boomers may have access to, Gen X and Gen Y will likely have to rely on personal savings and investments. As a result, financial planning will take on increased importance. In addition, medical advances mean that average life spans are increasing, so you a longer retirement could become the norm.
As a Gen Y or Gen X investor, your financial goals are different from previous generations. Baby Boomers had pensions and stable careers, but you may not have those same benefits. It’s important to start planning early, especially since life expectancies are longer today.
At CTS Financial Group, we know that …
The Top Social Security Facts Retirees Must Know
The Top Social Security Facts Retirees Must Know
Social Security provides guaranteed income in retirement. To make the most of it, it’s important to understand when to claim your benefits. Claiming too early reduces your benefits, but waiting until your full retirement age or even age 70 increases them. This strategy can significantly boost your lifetime income.
Changes to Social Security rules in 2015 removed some claiming strategies. Now, you cannot choose between your personal and spousal benefits if you file after 2016. These changes make planning even more important to maximize your benefits.
Social Security is often a key part of retirement income. It’s crucial to carefully consider your options and speak with a professional. At CTS Financial, we can guide you in making the best choices for your situation.
At CTS Financial, we have compiled a tip sheet, The Top Social Security Facts Retirees …
Perseverance: Business Lessons Learned from the Blackhawks.
I am finally starting to get over it. I’m accepting the fact that the Blackhawks will not be taking home the Stanley Cup in 2017. Yes, it has taken me this long. While I am still disappointed, these past few weeks have provided me with some clarity. I am truly grateful for what this incredible team brings to my personal life and my work life.
In fact, this team and the city of Chicago have inspired me to write an article, Perseverance: Business Lessons Learned from the Blackhawks. Access the article now here.
6 Principles of Long-Term Investing
6 Principles of Long-Term Investing
We believe that increasing your wealth over time is about more than making the right stock picks. Over the years, we have observed the effect of fear, greed, lack of discipline and many other the pitfalls that investors experience.
Successful long-term investing isn’t just about picking the right stocks or timing the market. Many investors make mistakes due to fear, greed, and poor discipline. By following six principles, you can improve your investment decisions. These principles aren’t foolproof, but they offer guidance to avoid common pitfalls and stay focused on long-term goals.
One key principle is to avoid following the crowd. By the time a trend becomes popular, it may be too late to profit, as prices are often inflated. Instead, focus on objective research and calculated choices. Another important principle is diversification. A well-diversified portfolio can reduce risk and help navigate market …
