by Joe Allaria CFP®, MBA | Sep 15, 2026 | Article, Estate Planning, Portfolio Management, Tax Planning
Required Minimum Distributions for Illinois Retirees: Rules, Taxes, and Planning Strategies Key Takeaways RMDs affect more than your tax bill. Once distributions begin, they can influence your Medicare premiums, how much of your Social Security is taxed, and your...
by Joe Allaria CFP®, MBA | Sep 14, 2026 | Article, Retirement Planning
Medicare Planning at 65: A Guide for Illinois Retirees Key Takeaways Your Initial Enrollment Period is time-sensitive, and the month you act in changes your coverage start date. Waiting until your birthday month or later can delay coverage or create a gap you...
by Joe Allaria CFP®, MBA | Aug 12, 2026 | Article, Estate Planning, Retirement Planning, Tax Planning
Illinois Capital Gains Tax: What It Means for Retirement Planning Key Takeaways Illinois taxes capital gains at one flat rate, in retirement or otherwise. Most taxable gains are taxed at the state’s 4.95% individual income tax rate, no matter your age or how...
by Joe Allaria CFP®, MBA | Aug 4, 2026 | Article, Retirement Planning, Social Security
Social Security Mistakes and Overlooked Decisions That Can Impact Your Retirement Key Takeaways Claiming early locks in the reduction for life. The lower monthly benefit that comes with filing at 62 doesn’t fade after a few years — it’s permanent, so the...
by Joe Allaria CFP®, MBA | Jul 15, 2026 | Article, Estate Planning, Retirement Planning, Tax Planning
Illinois Estate and Inheritance Taxes: What Retirees Should Know Key Takeaways Illinois can tax an estate that owes the federal government nothing. The state’s exclusion sits far below the federal one, so families who assume estate tax is someone else’s...
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