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Honey Lake Advisors Blog

Debt

So You Have Student Loans. Now What?

    Do you have student loans that you’re trying to repay? You’re not alone. As of December 2018, total student loans outstanding reached $1.57 trillion. Yes, TRILLION. To put this into context, there is $1.0 trillion of credit card debt outstanding and...

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So You Have Student Loans. Now What?
Biblical Stewardship

How Do You Want To Be Remembered?

  Generosity can be a challenging subject to talk about. In fact, I’ve re-written this post a half dozen times this week trying to write it in a way that’s impactful for you, the reader. Yet talking about generosity and encouraging you to be generous is what...

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How Do You Want To Be Remembered?
Retirement

The High Cost of Healthcare In Retirement

  Last week I talked about using Health Savings Accounts (HSAs) as another form of retirement savings account. The reason is that HSAs enjoy a "triple-tax" advantage that other accounts don't enjoy. The question is: How can you figure out your healthcare costs...

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The High Cost of Healthcare In Retirement
Investing

Investing Terms: Target Date Funds

  The last few weeks we've been in a series called “Investing Terms.” I’ve gone over the key reasons why you want to be investing your money for your future goals. And last week, I talked about “asset allocation” - what it is, and why it’s important. This week...

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Investing Terms: Target Date Funds
Investing

Investing Terms: Asset Allocation

  I argued last week that investing is an important part of reaching your financial goals. There are two reasons for this. You need to overcome the burden of inflation, and you need to allow your money to “work for you” over the long-term. The natural next...

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Investing Terms: Asset Allocation
Retirement

How Much Social Security Will You Receive?

  Will Social Security be there when you retire? Depending on your age, your answer might range from ‘absolutely’ to ‘not a chance.’ The reality is that Social Security is very important to your retirement future. Statistics bear this out. They show that half...

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How Much Social Security Will You Receive?
Retirement

Retirement Planning First Steps

  Tell me if this sounds familiar. You want to learn something new so you open up Google and start searching for how to do it. You skip by all the beginner 101-type posts and go right for the expert-level information. You think to yourself, "Why waste time...

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Retirement Planning First Steps
Estate Planning

The Importance of Estate Planning

  Estate planning is one of the most overlooked concepts of personal finance. There are any number of reasons for this, but I think for most people, the reasons boil down to one of two things: A) people don’t like to talk about what happens when they die, or...

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The Importance of Estate Planning
Budgeting

New Cars Can Be Costly!

Unless you live in a city, owning a car is almost as essential as having a place to live. In fact, buying a car is normally the second biggest expense we incur in our lifetimes behind buying a home. Many of us – myself included back in the day – love the idea of...

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New Cars Can Be Costly!

CONTACT INFORMATION

Phone: 224-633-9290
[email protected]
431 North Hough Street, Suite 100 in Barrington, IL
(Office Hours by Appointment Only)

Serving clients in local communities, such as Arlington Heights, Barrington, Buffalo Grove, Lake Zurich, Libertyville, and the Greater Chicagoland Area. We also provide virtual services to clients nationwide.

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