Kaylee Phalon has been a Financial Advisor with Edward Jones for over 5 years and holds an Accredited Asset Management Specialist, AAMS™, certification from the College for Financial Planning. Her focus areas include Retirement Income and Savings Strategies, College Savings, Estate & Legacy Strategies and Insurance & Annuities.
Matthew Ewald, Vice President of Residential Leasing at Draper & Kramer Mortgage, provides an overview of the home buying process. Draper and Kramer Mortgage is one of the country’s premier full-service real estate and financial firms, a family-owned company headquartered in Chicago since 1893.
Money Smart Week groups across the country work together to reach consumers with information and ideas to encourage financial well-being. Money Smart Week is an initiative started right here in Illinois by the Federal Reserve Bank of Chicago.
The goal of Money Smart Week is to build financial capability for people in all different stages to make informed strategies for beginners and beyond.
Naperville Public Library has partnered with Money Smart Week and local financial experts to present information on financial strategies.
Figuring out when to apply for Social Security benefits and what benefits you’ll be eligible for can be surprisingly complicated. The best strategy for maximizing your benefits depends on factors such as your marital status, age, earnings, and financial needs. The Balance recommends several Social Security calculators, including a free one from AARP, that can help you create a personalized claiming strategy.
Managing financial wellness can be a challenging do-it-yourself endeavor for many Americans. However, no one must do it all alone! Naperville Public Library’s upcoming financial wellness events provide the opportunity to learn from a financial expert about Social Security and Tax Planning. Dates, times and locations are listed below. No registration or library card is required to attend these programs.
While most Americans probably wouldn’t try to manage their own medical or legal affairs, many are shouldering growing responsibilities for making personal financial decisions. They face a vast array of savings options for retirement, college and other goals (Roth vs. traditional IRAs, 529 plans and more) as well as a dizzying choice of credit vehicles (credit cards, home equity loans, reverse mortgages, etc.). At the same time, the proportion of private workers covered by a defined benefit retirement plan (traditional pension) has fallen sharply over the last few decades.
April is Financial Literacy Month, and unfortunately studies show how poorly-informed Americans are when it comes to managing their money.