Connections, September 2018

Mesirow Wealth Advisors understands the challenges and pressures that individuals face when trying to manage their personal wealth, throughout the many stages and events of a lifetime. Our wealth advisors and wealth specialists have written these timely, relevant insights with you in mind. We hope you enjoy this edition.

Back to School!

Each fall, our clients’ children and grandchildren begin their college experience. With this transition in mind, we offer a couple of articles with some helpful tips to keep in mind.

  • Your Guide to 529 College Savings Plan Withdrawals provides you with clear guidance on how best to spend those accumulated college savings assets. Read more.
  • Off to College! A Parent Checklist provides you with 5 practical tips to help make the transition easier, including the establishment of a medical POA. Read more.

The Power of Uninterrupted Compounding

Most of us conceptually understand the concept of “compound interest,” but in this article we take that idea to the next level and transform the concept of “uninterrupted compounding” into action. Read more.              

The Impact of the New Tax Law on Individuals and Families

The Tax Cuts and Jobs Act went into effect on January 1st, 2018. Since then, there  has been a lot of discussion about these tax changes, and how they will affect you moving forward, or at least until 2025. Read more.              

Entrepreneurship as a Retirement Lifestyle

Retirement used to mean the end of an era, and  was solidified by a person’s complete exit from the workplace. However, today’s Baby Boomers will not be living our grandparents’ retirement lifestyles. Retirement is becoming a transition to greater lifestyle choices versus a complete  severance from a career. Such choices include tailoring work so that it can be  done on your terms instead of being restricted to traditional models such as a 40-hour work week. Read more.