Retirement and Financial Planning 

Serving the Flossmoor, Chicago, Hazel Crest, Homewood, Olympia Fields, and Lansing areas

You will work hard throughout your life to build wealth and create security and financial stability for your family. But when the time comes for life’s next big adventure—retirement—you’ll have several important decisions to make.  

Retirement planning is not something to start when you retire; it’s a step that everyone should take as early as they can in their careers. Planning means making sure you secure your financial assets and use them in ways that are most beneficial for you. For everyone, this process is different, and you shouldn’t have to struggle to make important financial decisions on your own. 

Here at Sovereign Financial Group, we’re committed to helping all our neighbors and friends in greater Chicago establish a strong financial plan for both today and tomorrow’s needs. We’re a team of informed, compassionate and goal-oriented experts who will guide you through the steps necessary to create the best portfolio for you. 

To set up an appointment today, call us at (708) 713-4456 or contact us online. 

Common Retirement Planning Questions 

What Are the Steps in Retirement Planning? 

During your career, you should be thinking about what you will do when you retire and no longer have a regular paycheck from your employer. You will still have years to live and financial obligations to meet. Through professionally guided retirement planning services, you’ll be ready for any eventuality. 

Retirement planning involves many steps, including: 

• Determining your projected retirement date.

• Estate planning.

• Creating a balanced investment portfolio.

• Calculating post-retirement income and expenses.

• Considering tax liabilities.

However, this is not a one-and-done process. Your life will change over the years, so your retirement portfolio must change with it. Our goal is to help you make it easy to keep your plan on track. 

How Many Retirement Plans Are There? 

There are countless retirement accounts on the market. Some are offered through your employer, but you can buy personal investment plans, too. Plan options include: 


The plan for you is the one that fits your employment status, investment goals and retirement plans. All plans institute eligibility rules, input and withdrawal requirements, investment management rules and tax-requirements differently.  

Why is Retirement Planning Important? 

Retirement planning is your key to security in later life. It’s something you should start early, and keep up with as you marry, start a family, buy a home and advance through your career. 

You’ll want to combine your plan with your savings account, checking account, health benefits, Social Security benefits and other sources of income in appropriate ways. The right benefits will make sure you don’t bear a financial loss or face financial instability at a time when you should be able to enjoy life. 


In Sovereign Financial Group you will have a partner that can guide you through the process of creating a quality retirement investment portfolio that is going to stick with you well into the future. It’s our pleasure to help every client, at every stage of life, manage their journey to financial independence.