The county seat of Kane County, IL, Geneva is a quaint, thriving city in the western Chicago suburbs. Located between St. Charles and Batavia, Geneva is an eclectic tourist destination, full of shops, restaurants, and beautiful Fox River trails. The Geneva History Center and the Fabyan Windmill are two of Geneva’s historic landmarks.
Geneva is also known as one of the best places to raise children in Illinois. Therefore, Geneva is home to many families who take advantage of the excellent schools and beautiful neighborhoods.
When Do I Need a Financial Advisor?
1. Estate Planning
Estate planning helps maximize and preserve the value of your wealth, safely passing your estate to the next generation. A financial advisor can help you make strategic adjustments to your current estate plan, set up and manage trusts, create a detailed gift plan, and combine approaches to achieve your fiscal goals.
2. Investment planning
As you plan how to manage and grow your wealth, investment planning is key to setting your financial goals. An advisor can look at your current financial state and make suggestions for your future.
3. Roth IRA Conversion Strategies
Did you know that a Roth 401(k) can provide significant tax savings? If you have a 401(k), a financial advisor may be able to facilitate conversion to a Roth IRA. At DHJJ Financial, we can manage the entire conversion process for you or provide detailed steps to follow.
4. Income Tax Planning
Though income tax planning is often performed at the end of the year, it can be done throughout the entire year. Tax planning strategies can be complex. Experienced financial advisors can offer insight into taking Required Minimum Distributions (RMDs) from IRA accounts, considering a Roth IRA conversion, avoiding underpayment of estimated tax penalties, and a plethora of additional planning strategies.
5. Retirement Planning
Retirement planning is a task often pushed to the wayside for as long as possible – however, it is never too early to start planning, and beginning earlier can impact where you will be financially when you retire. A financial advisor can help understand objectives and create an individualized plan with strategies to meet those goals.
6. Charitable Giving Strategies
Charitable giving can be pursued at any time. However, selecting the best strategy for your family at any given time is not always black and white. A financial advisor can ensure your charitable giving plan is tax-efficient and financially secure.
Interested in Impactful Financial Assistance? Let’s Talk.
Life happens, and the need for professional financial assistance may arise. In the event that you need a financial advisor, do not hesitate to reach out for help!
At DHJJ Financial, our experienced professionals serve individuals and families in Geneva and a multitude of surrounding locations with dedication and expertise. If you are interested in getting in touch, give us a call at 630-420-1360 or complete our online contact form. We look forward to getting in touch!