Secure your assets
Financial Planning at CFG
Start saving with a solid financial foundation. At Crown Financial, we work closely with you to create a personalized roadmap that aligns with your goals, no matter what your saving purposes are. Our strategic approach helps you make informed decisions today for a secure tomorrow.
Retirement Planning
Planning for retirement is more than just saving—it's about building a future where you can live comfortably and confidently. We help you craft a retirement strategy that reflects your goals and lifestyle, ensuring you're on track to enjoy the retirement you've worked hard for.
401(k) Planning
We help you optimize your 401(k) contributions, select appropriate investment options, and take advantage of employer matching to maximize your retirement savings.
403(b) Planning
For those working in the nonprofit or education sectors, we offer specialized 403(b) planning to ensure you're making the most of tax-advantaged retirement accounts available to you.
Retirement INcome
We assist in developing a strategy for generating reliable income during retirement, including Social Security benefits, pensions, and other sources.
IRA Solutions
We provide guidance on various types of IRAs (Traditional, Roth, SEP) to help you choose the best option for your retirement goals and tax situation.
Retirement FAQs
How can I start saving for retirement?
To start planning for retirement, we first assess your current financial situation and retirement goals. We then help you determine the right retirement accounts to use, such as 401(k)s or IRAs, and create a savings plan that aligns with your objectives. It’s important to start as early as possible to take advantage of compound growth.
How can I maximize my 401k contribution?
We help you maximize your 401(k) contributions by reviewing your current plan and recommending the optimal contribution rate. We also advise you on taking full advantage of any employer matching programs and selecting investment options that match your risk tolerance and retirement goals.
Should I have a 401(k) 0r 403(b)?
When choosing between a 401(k) and a 403(b), we evaluate your employment situation and tax implications. While both offer tax-advantaged savings, a 403(b) might be preferable for nonprofit or educational sector employees due to certain unique benefits. We’ll help you understand which option best suits your needs.
College Planning
College planning is about setting a financial foundation for your child's education without sacrificing your own financial goals. We guide you through the process of saving, investing, and choosing the right strategies to make college expenses more manageable, so you can confidently support your child’s future while protecting your own.
College savings plans
We help you explore the best ways to save for your child's education, including 529 plans and other tax-advantaged options, to ensure you’re prepared for future expenses.
Financial aid guidance
We advise on maximizing financial aid, navigating scholarship applications, minimizing student loan debt, and making higher education more accessible.
College Planning FAQs
What's a 529 Plan?
A 529 plan is a tax-advantaged savings account specifically designed for educational expenses. Contributions grow tax-free, and withdrawals are also tax-free when used for qualified education expenses, such as tuition, books, and supplies. It’s a great way to save for your child's college education while benefiting from tax savings.
How can I find scholarships and financial aid for my child?
There are numerous resources for scholarships and financial aid, including government programs, private organizations, and college-specific opportunities. We help guide you through the process of identifying eligible scholarships and applying for financial aid to reduce the financial burden of college expenses.
How much should I save for a college fund?
Starting early is key! The earlier you begin saving, the more time your investments have to grow. How much to save depends on factors like the type of school your child may attend and your financial situation. We work with you to create a savings plan that fits your budget and goals, helping you make consistent progress over time.
Business + Profit Sharing
By establishing a profit-sharing plan, you can incentivize your team, foster a sense of ownership, and align everyone's interests toward the success of the business. These strategies can also benefit your financial situation by providing tax advantages and creating a culture of collaboration and growth.
Profit Sharing Plans
We help design customized profit-sharing plans that align your business’s goals with the success of your team, ensuring everyone shares in the rewards of the business’s growth and success.
Business Retirement plans
We assist in setting up retirement plans for business owners and employees, such as 401(k)s or SIMPLE IRAs, that offer tax benefits while helping you plan for a comfortable retirement
Business + Profit Sharing FAQs
What is a profit-sharing plan, and how does it benefit my business?
A profit-sharing plan allows your business to share a portion of its profits with employees, typically based on company performance. This can boost employee morale and productivity, while also providing a tax-deductible benefit to your business. It’s a way to incentivize employees and encourage everyone to work toward the company's success.
Can I offer a retirement plan for my employees as a small business owner?
Yes, you can offer retirement plans like a 401(k) or a SIMPLE IRA to your employees, even as a small business owner. These plans provide tax advantages and help attract and retain talent by offering employees a way to save for retirement. We help you choose the best option based on your business needs and size.
How can a profit-sharing plan help with employee retention?
A well-designed profit-sharing plan can serve as an effective retention tool by rewarding employees for their contributions to the business's success. By offering employees a share in the company’s profits, you create a sense of ownership and long-term loyalty, which can reduce turnover and improve overall job satisfaction.
Here to Help
Explore our other services
Take control of your future with services designed to grow, protect, and manage your wealth. Crown Financial offers personalized solutions to help you achieve your financial dreams with confidence.
Investments & Iras
Secure your future with smart investment strategies and retirement solutions. From diversified portfolios to IRAs, we guide you every step of the way to grow and protect your wealth.
insurance services
Whether you’re looking for life insurance or long-term care insurance, we work closely with you to identify your needs and recommend the best coverage options for your unique situation.
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Office: (847) 797-9876
Fax: (847) 797-9076
215 N. Arlington Heights Road Suite 201
Arlington Heights, IL 60004