Bio Mike Piershale, ChFC

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Mike Piershale, ChFC

President
Piershale Financial Group

Mike Piershale, ChFC, is president of Piershale Financial Group, a wealth management firm in Barrington, Illinois. With more than 30 years of experience, Mike has extensive knowledge in key areas of financial planning and works with clients on retirement and estate planning, portfolio management and insurance needs. In addition, his widespread knowledge on tax planning allows him to highlight opportunities for maximizing tax reduction strategies.

Phone: 815.455.6453
http://www.piershalefinancial.com/
https://www.facebook.com/PiershaleFinancial/

Latest Features

Building Wealth
July 2019

Beware of Kiddie Taxes When You Leave Heirs Your IRA

Children and grandchildren inheriting traditional IRAs could quickly find themselves in the top 37% tax bracket thanks to changes ushered in by the Tax Cuts and Jobs Act.

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Building Wealth
May 2019

Tracking Down IRA Basis: A Gold Mine for Beneficiaries

No one likes to pay taxes unnecessarily, but that's what a lot of people who inherit IRAs end up doing. Failing to track down the IRA basis associated with an inheritance can be a costly mistake.

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Building Wealth
February 2019

What to Do with All Those Old 401(k)s and IRAs

It's about as fun as herding cats, but rounding up all your IRAs and 401(k)s into just one or two accounts can really simplify your financial life.

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Building Wealth
November 2018

Holy Doughnut Hole: Medicare Part D Costs and Deductibles for 2019

As seniors weigh their prescription drug coverage during annual enrollment, it pays to review the basics of how it works, how much it costs and how the "doughnut hole" may affect them.

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Building Wealth
September 2018

Caring for Your Aging Parents: How to Prepare

The time to get ready is well before the time comes. Here's how to approach some important talks and what you need to cover.

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Building Wealth
July 2018

Is Downsizing in Retirement Right for You?

A smaller home, with fewer possessions to weigh you down and lower bills to boot: What's not to like? For many folks, downsizing makes a lot of sense, but there are a few points to consider.

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Building Wealth
May 2018

Avoiding the 50% Penalty on Overlooked RMDs

You're busy enjoying retirement and you just plain forget to take your required minimum distribution. Or you do the math wrong. It could be a costly mistake. Here's how to fix it.

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Building Wealth
March 2018

Senior Marriage and Social Security: Rules to Know

Romance aside, you may want to delay your wedding date (or divorce, if that's the case) to get the best Social Security benefit possible.

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Building Wealth
December 2017

3 Ways to Make Money in Company Stock

If your company offers you the opportunity to invest in its stock, it could come with some significant tax benefits and growth prospects.

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Building Wealth
October 2017

A Healthy Way to Increase Your Retirement Savings: HSAs

If you don't like paying taxes, health savings accounts could be a way to save for your health costs… and for retirement, too.

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Building Wealth
July 2017

A ‘Simple’ Idea to Save on Taxes

For small-business owners (and their employees) SIMPLE IRAs can be a slam-dunk at tax time.

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Building Wealth
May 2017

Can You Cut Taxes You Pay on Your Social Security?

If you have a moderate or low income but earn a lot in interest and dividends from investments that you don't need for living expenses, here is one way you may be able to lower your tax bill.

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Building Wealth
March 2017

Stay-At-Home Parents Can Still Qualify For Social Security Benefits

Just because you don't bring home a paycheck doesn't mean you're not working. You can get a Social Security check just like any other worker. Here's how.

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Building Wealth
February 2017

How to Save Big on Taxes in ‘The Goldilocks Zone’

The five-year period from age 65 to 70 offers a unique opportunity for many to potentially save tens of thousands through Roth IRA conversions.

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Building Wealth
December 2016

One of the Best Ways to Give to Charity

Donate stocks instead of cash to maximize your contribution, as well as your tax savings.

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Building Wealth
October 2016

Should You Sell Some Stock Holdings This Election Season?

Financial adviser Mike Piershale sees market losses coming and recommends you consider paring back.

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Building Wealth
July 2016

6 Costly Retirement Planning Mistakes

Be sure to avoid these common errors.

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