In partnership with Money Smart Week®, the financial advisors at Walsh & Associates are presenting four free financial literacy classes for DeKalb, LaSalle, and Lee County, Illinois communities April 22–25.
Created by the Federal Reserve Bank of Chicago in 2002, Money Smart Week is a public awareness campaign designed to help consumers better manage their finances. Although Money Smart Week 2019 was technically the week of March 30 to April 6, Walsh & Associates is eager to promote Financial Literacy Month and is offering a round of “second chance” classes for those who may have missed the earlier session.
Social Security's Best Kept Secrets | Mon, April 22, 6-8 p.m.
Did you know a married couple has over 80 different strategies for how they can claim their benefits? With Social Security planning, it's not "one size fits all", and if you're not looking into all your options for collecting, you're probably making an expensive mistake. Don't be one of the average retirees that leaves potentially thousands of dollars unused! In this course, you'll learn the secrets to maximize your benefits. Whether you'll be working while collecting, will be retiring in the next few years, or have just recently applied for your benefits, we'll show you the right claiming strategy for your situation.
Approaching Retirement on TRS or SURS* | Tues, April 23, 6-8 p.m.
Are you worried about the Illinois state budget and the impact on TRS and SURS? Putting together a solid savings plan for your future and developing a clear understanding of your retirement benefits is one of the best strategies to ensure a confident, enjoyable retirement. We will review the "Windfall Elimination Provision" and "Government Pension Offset" that affects pensioners past Social Security benefits and how they are calculated. We will introduce strategies that are only available to Teachers Retirement System and the State University Retirement System participants. These strategies may mean more money to you and your family - if you are anywhere near retirement, now is the perfect time to sign up for this class.
Transition to Retirement: The Key Issues You Must Know | Wed, April 24, 6-8 p.m.
Retirement is a one-time event. Mistakes can be very costly. This course will address some of the key issues in the transition from work to retirement. Understanding these key issues and making informed decisions may help you better enjoy your "golden" years. Some of the topics we will cover include: evaluating the true cost of retirement, evaluating your sources and timing of retirement income, protecting your health and wealth, minimizing taxes during retirement, maximizing your pension benefits and social security, and planning for death and/or disability. This course is designed to guide you through this exciting transition period of your life.
Estate Planning 101: The Essentials | Thurs, April 25, 11 a.m.-1 p.m.
Estate planning is essential to everyone's lifelong plan, it is not just for the wealthy. It involves not only passing on assets such as real estate, personal property, and financial assets, but also planning for others to make decisions for you, should you become incapacitated or die. A well-thought out estate plan can help you provide for loved ones while managing taxes and ensuring that your wishes are carried out. Estate planning is the key to making sure that everything you work for is passed on according to your wishes. These are difficult decisions, but if you don't make them, a court will.
Walsh & Associates and LPL Financial do not provide tax and/or legal advice. Clients should consult with their personal tax and/or legal advisors regarding the tax consequences of investing.
*This presentation was created for educational and informational purposes only and is not intended as ERISA, tax, legal or investment advice. If you are seeking investment advice specific to your needs, such advice services must be obtained on your own separate from this educational presentation.