Hagemann Wealth Management

Financial Planning

What To Consider if You Receive the Monthly Child Tax Credit Payments in 2021

What To Consider if You Receive the Monthly Child Tax Credit Payments in 2021

If you have declared children as dependents when you filed your taxes, you are in for some good news. As part of the federal government’s rescue plan amidst the COVID-19 pandemic, tax credits are being doled out. According to the Internal Revenue Service, child tax credits are meant to benefit lower-income households belonging to certain …

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Wealth Manager vs Financial Advisor What's the Difference

Wealth Manager vs Financial Advisor: What’s the Difference?

Contrary to popular belief, you don’t have to be a millionaire to get professional financial help. However, it pays to know which service will fit your needs. Depending on your situation, you may choose to work with a financial advisor or a wealth manager. While these terms are often used interchangeably, there are distinct differences …

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Hagemann Wealth Talks About What a Wealth Manager is and Why You Might Need One

Hagemann Wealth Talks About What a Wealth Manager is and Why You Might Need One

Wealth management firms in Illinois offer an extensive range of investment strategies including financial assessments, estate planning, retirement planning, and tax advice. In addition to financial advice, they may also provide legal assistance services. This investment strategy caters to clients with high investment readiness and portfolios, which they will use to fund a tailored investment …

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Proposed Bill Includes Tax Increases for High Earners, Retirement Account Changes

Proposed Bill Includes Tax Increases for High Earners, Retirement Account Changes

Earlier in September 2021, Democrats in the House Ways and Means Committee informed the public of a proposed tax plan that would affect corporate and personal taxes, as well as retirement plans. The proposed tax plan is a part of a $3.5 trillion domestic investment plan with many of the changes designed to help pay …

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Types of College Savings Accounts A Guide by Financial Advisors in Illinois

Types of College Savings Accounts: A Guide by Financial Advisors in Illinois

The total college tuition fee in the United States of America can go up to $26,000 for a 4-year program at a public institution. Add the cost of accommodation and other expenses to it, and the number will go up to approximately $37,000. If you’re looking for financial advisors in Illinois to help you out, …

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What Are the Six Steps in the Financial Planning Process?

What Are the Six Steps in the Financial Planning Process?

Having a solid financial plan can help you manage your finances wisely and steer clear of debts. This process is an important part of wealth management that can be addressed when you keep track of your finances. The process involves 6 key steps that revolve around evaluating your expenses, establishing financial goals, and working toward …

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