By- Rick Romano
Regardless of whatever else may await you in life, saving for the future could be one of your biggest financial challenges.
That’s why it’s important to take steps now to make sure you’ll have enough money on hand for retirement, family goals
or unanticipated financial emergencies.
A common question Financial Advisors hear from clients is, “How can I save more than I’m saving now?”
Fortunately, there are several ways you can accomplish that ...Continue Reading
From – www.rebootilinois.com
By- Vincent Romano
In a recent post, I focused on the fact that we still have the worst pension debt among all U.S. states and yet there seems to be little focus on trying to do something about that this spring in Springfield.
Don’t get me wrong. A budget deal with cuts, purchasing reforms, efficiencies and an actual balance ...Continue Reading
By- Vincent Romano
Chicago Public Schools, or CPS, CEO Forrest Claypool is trying to guilt the state of Illinois into a massive bailout of the broke school district. To do this, he’s using divisive rhetoric, even implying that the state’s education funding system is racist.
The problem with Claypool’s argument is that ...Continue Reading
By: Becca Mayer
Intern: World Trade Council, Chicago
As a young but interested voter, it is a bit of a shock to learn that the democratic system in America is not direct; the popular vote does not secure nominations or office. For the primary, the math of how a nominee actually becomes nominated varies with the Republican and Democrat parties, however both use a delegate system. The Republican system happens to ...Continue Reading
MAR 28, 2016 @ 10:14 PM
At a time when many are complaining about Washington, D.C., our data shows that states and local units of government need a lot more scrutiny. That’s especially true in Illinois where corruption is our number one manufactured product.
In Illinois, 72 small-town city and village managers out-earn every ...Continue Reading
Article Written By: Wealth Management Systems, Inc.
Courtesy of: Rick Romano
Branch Address: Morgan Stanley 10 West State St, Suite 204, Geneva, IL 60134
Phone Number: (630)262-2080
Web Address: http://www.morganstanley.com/fa/rick.romano
This article considers how actively managed funds have fared versus passive funds, i.e., those mirroring a benchmark or index, and how the two styles compare in other ways.
Since the first index fund was invented in 1975, the debate has raged between active and ...Continue Reading
In the opening scene of the movie “Popeye,” the main character, rows into the fictitious port town of New Haven. Upon landing, he is met by “the tax-man.” Upon imposing a series of taxes on Popeye:–docking tax, climbing the ladder tax, stepping on the wharf tax, etc., etc., etc. Popeye asks the tax-man what was the need for all the taxes? He immediately was charged with an ...