Our Blog

Launching a business. Part one: get all your ducks in a row.

Stephanie Starkey, Partner

August 7, 2017

The idea of leaving steady employment behind in pursuit of starting your own business might be intoxicating, but do your homework first. Ask yourself these basic questions right now:

  • Who is your target client base?
  • How are you going to attract them?
  • Have you already started cultivating potential customer relationships? 

Once you have a...

Read More...

Retirement roadmap. Part one: do these three things first.

Diana Bunch, Financial Advisor

July 26, 2017

The Employee Benefits Security Administration (EBSA) of the U.S. Department of Labor states, “In 2014, 30 percent of private industry workers with access to a defined contribution plan (such as a 401(k) plan) did not...

Read More...

Cashing in those savings bonds could cost you.

Peter D. Recchia, CPA, AIF

July 12, 2017

Saving up savings bonds? Not sure whether to cash them in or not? Take a moment before making that decision because your financial circumstances could either help or hurt you.

Initially created to fund U.S. military efforts in WWII, savings bonds have been a safe and secure investment for decades. And while they’re not necessarily a wise investment these days (paying as little...

Read More...

The importance of having a will or trust. Part one: comparing the options.

Peter D. Recchia, CPA, AIF

June 7, 2017

There’s much you can find on the internet on the ramifications of not having a will. In a nutshell, Illinois intestacy law* dictates distribution of the deceased’s estate as follows:

  • If spouse and no children — entire estate goes to spouse.
  • If spouse and children — 50 percent goes to spouse and 50 percent is divided equally among...

Read More...

The fuss over the fiduciary rule.

Peter D. Recchia, CPA, AIF

May 17, 2017

There has been a lot of discussion among financial experts on the Department of Labor’s (DOL) fiduciary rule that is slated to go into effect on June 9. To many investors, the debate over semantics is clear as mud. So let’s put it in layman’s terms.

The DOL created the fiduciary rule to protect the best interests of all investors, plain and simple. The rule proposes...

Read More...

Peter Recchia, Founder of 4Wealth Financial Group, urges the Department of Labor to Implement the Department of Labor Fiduciary RuleAs Originally Scheduled April 10, 2017

Press Release

Burr Ridge IL, March 16, 2017. Peter Recchia, founder and president of 4Wealth Financial Group, has written to the Department of Labor, urging them to move ahead in implementing the current DOL Conflict of Interest - Fiduciary Rule.

He opposes any delay of the rule. “There is no reasonable basis for any delay,” Recchia says in his letter. “The DOL has already...

Read More...

The Retirement Investment Industry Is Changing with the New Department of Labor Regulations That Go into Effect in April 2017

Press Release

October 28, 2016

Burr Ridge, IL October 29, 2016 With the country’s largest insurer prohibiting its agents who are licensed to sell securities to no longer provide their clients with mutual funds, variable annuities and other investment products, Peter Recchia has this advice: Look for an Accredited Investment Fiduciary to help you plan your retirement.

The insurance company’s decision is...

Read More...

New Regulations Support 4Wealth Financial Group in Advancing Investor Interests

Press Release

August 23, 2016

The Department of Labor’s new regulations that provide greater protection to investors making decisions about their retirement accounts require retirement advisors to act as fiduciaries.  As an Accredited Investment Advisors, founder and CEO Peter Recchia, is a fiduciary and is already acting in the best interest of the client. Recchia describes the benefits of using index...

Read More...

Peter Recchia of 4Wealth Financial Group Says New DOL Regulation Provides Greater Investor Protection

Press Release

May 9, 2016

 “The new fiduciary rule provides greater protection to investors from high commission fees,’ said Recchia.

BURR RIDGE, IL (May 9, 2016) Peter Recchia, founder of 4Wealth Financial Group and an Accredited Investment Fiduciary, applauds the Department of Labor’s new regulation that provides...

Read More...

4Wealth Advisors, Inc. Summary of Material Changes

February 24, 2016

Item 2 Summary of Material Changes 

Form ADV Part 2 requires registered investment advisers to amend their brochure when information becomes materially inaccurate. If there are any material changes to an adviser's disclosure brochure, the adviser is required to notify you and provide you with a description of the material...

Read More...

Proof of health insurance on your tax return

February 3, 2016

Because of the health care law, you might receive some new forms this winter providing you with information about the health coverage you had or were offered in 2015.

These new health care forms provide information that you may need when you file your individual income tax return. These new forms will be provided to the IRS by the entity that provides the forms to you.

The new...

Read More...

The winds of change

Diana Bunch, Financial Advisor

February 3, 2016

Last year you may have seen advertisements and notices of informational meetings touting the many ways you can structure your Social Security benefits and maximize your income. I, myself sponsored a few of these events. Well, it was good while it lasted.

As is too often the case, "All good things must come to an end!"

The Bipartisan Budget Act of 2015 was signed November 2....

Read More...

Taxes: What you need to know for 2016

February 3, 2016

First up is what's not changing for 2016 are the tax brackets. The top marginal bracket is still 39.6 percent. But the taxable income levels the tax brackets apply to will all increase by about 0.5 percent because the tax law requires these to rise in step with government inflation benchmarks. So, married filers with taxable income in 2016 exceeding $466,951 and single filers with over...

Read More...

10 Smart Holiday Gift Ideas for the Money Minded!

December 8, 2015

Unwrap lots of joy, love, peace and laughter this Holiday Season with our handy gift giving guide.

Gifts that grow:

Piggy banks — We cherish our childhood memories of putting money into a piggy bank. For the little tyke investor, choose a bank that’s transparent so they can

Read More...

Insurance for Millennials

October 21, 2015

Leveraging time with your age and health.

Haven’t given much thought to life insurance right? You’re young and healthy and let’s face it, life insurance isn’t as exciting as finishing your favorite series on Netflix or planning your next vacation. But it certainly is something to consider.

Here are our reasons why millennials may want to consider life...

Read More...

Investing for Millennials

October 21, 2015

How to use your biggest asset.

If you’re in your 20s or 30s, saving for retirement may seem financially out of the question or it may just feel like a long way off. While retirement planning at a detailed level may not be realistic for some millennials, there are several simple things we want you to consider adding to your financial priorities.

A great place...

Read More...

Finance for Millennials

October 21, 2015

Why building good credit matters and how to do it effectively.

As a millennial, you or someone you know has been strapped with a tight budget and struggled to “get that dream job” you worked so hard for in college. It has come to our attention that 63% of you do not currently own a credit card. While we certainly understand the desire to avoid incurring...

Read More...

Do you have an income plan for retirement?

By Hally M Dunn, MBA

August 19, 2015

If you are age 50 or over, it’s time to take an in-depth look into your financial picture and determine how you can live comfortably during your retirement. There are three important areas I take into consideration when designing a income plan for your retirement:

  1. How much savings there is now?
  2. How will inflation affect those savings?
  3. How long will the...

Read More...

With mutual funds, it's not what you earn but what you keep that makes the difference.

By Peter Recchia, CPA, AIF

August 19, 2015

During tax season, client tax returns cross my desk for review and I notice that some filers lose investment gains and income to taxes. Because taxes will take a slice of the pie from your investment returns, you should ask yourself, "How tax-efficient are my investments?"

The objective of many investors is to focus on total return when evaluating fund performance. That makes sense...

Read More...

There is good reason for a life insurance review.

By Ken Arvidson, CLU, MSFS

June 18, 2015

It’s done.The application and medical process has been approved and you now have life insurance coverage. So it's time to put the policy away and forget about it. Right? Absolutely not. 

Reviewing your life policies from time to time is a good habit to get into because circumstances change and events that happen in everyday life ultimately affect your...

Read More...

Are you concerned about outliving your retirement income? Don’t be!

By Ken Arvidson, CLU, MSFS

June 18, 2015

IRS guidelines now allow you to place 25% of your IRA Assets (up to $125,000) into a Qualified Longevity Annuity Contract (QLAC). This type of Deferred Income Annuity will delay a monthly benefit for you in the future, as late as age 85. When you decide to receive a monthly benefit, that amount will be guaranteed for you or your spouse’s life.

In addition, using a QLAC will...

Read More...

Teaching your kids about money.

By Yesha Shah, MBA

June 18, 2015

Educating your children about money should begin at a very early age. As they grow, they will be empowered to use knowledge and skills responsibly when it comes to money. Making money management decisions is a long-term process that begins with something as simple as putting a few pennies in a piggy bank and eventually evolves into making money, spending money and saving for the...

Read More...

How to stay healthy, wealthy and wise using a Health Savings Account (HSA).

By Peter D. Recchia, CPA, AIF

June 18, 2015

The Health Savings Account (HSA) was created in 2003 to allow those enrolled in high-deductible health plans to receive tax-preferred treatment of money they saved for or would spend on medical expenses. This type of account allows more of your money to be sheltered from income taxes, allowing you some tax free savings.

It’s great for your medical expenses because it helps...

Read More...

Home, sweet (retirement) home.

By Ken Arvidson, MSFS, CLU

May 12, 2015

Planning for old age is a challenge for just about everyone. Whether for ourselves or our parents, the conversation often takes place too late to have many options. Providing guidance so you don't outlive your retirement is a priority at 4Wealth Financial Group.

Whatever your approach: long-term care (LTC) insurance, combining LTC with life insurance, or upgrading existing coverages...

Read More...

How to figure out the right retirement age.

By Diana Bunch, Financial Advisor

May 12, 2015

When can you retire? Since January 1st, 2011 every single day more than 10,000 Baby Boomers will reach the age of 65. That is going to keep happening every single day for the next 19 years.

Questions someone approaching retirement might ask:

  • Do I have enough money?
  • When should I take Social Security?
  • Will Social Security still be there for...

Read More...

Protecting yourself from identity theft and tax fraud.

By Peter Recchia, CPA, AIF

May 12, 2015

During the course of 2015 we have seen many clients and other CPA firms talk about identity theft and how it has affected them and their tax filings. According to the Bureau of Justice Statistics Research over 16.6 million people per year will be affected by identity theft. It places a burden on its victims, clients, tax preparers, business and many organizations. Tax- related identity theft...

Read More...

Long Term Care – it's a family affair.

By Ken Arvidson, MSFS, CLU

April 9, 2015

Unfortunately, too many families have no plan in place.  When the conversation does come up it often takes place at the 11th hour when options are very limited. The results of postponing the conversation can have a huge impact on the family, particularly on the women because they are most likely to be caregivers. The spouse, the daughter, the daughter-in-law.

Financially,...

Read More...

Red flags that increase your chance of being audited by the IRS.

Article by Kay Bell, contributing tax editor for Bankrate.com

April 9, 2015

It is the most dreaded letter a taxpayer can receive. You've just joined an elite club, one whose initiation ritual is an IRS audit. Unfortunately, you can't refuse membership — and the dues could be astronomical. Restructure and Reform Act – 1998 (PDF)

Focus on richer...

Read More...

Our New Website!

March 11, 2015

4Wealth Financial Group is excited to announce the recent launch of our firm’s new website. We’ve been working very hard to enhance our website and give our firm a fresh look. We’ve also continued to research and identify the latest and greatest technologies to improve the services we provide and ensure we continue to meet your needs.

Take a moment to look around our...

Read More...

RMDs and guaranteed income in your Traditional IRA.

By Ken Arvidson, MSFS, CLU

March 5, 2015

The IRS has issued new guidelines to help guarantee income in your retirement, and at the same time reduce your Required Minimum Distribution requirement every year!

Qualified Longevity Annuity Contracts (QLACs) allow you to put up to the lesser of 25% or $125,000 of your Traditional IRA balance into a Deferred Income Annuity (DIA) eliminating your RMD by that amount, deferring your...

Read More...

Leaving a legacy for the people you love.

By Hally Dunn, MBA

March 5, 2015

What legacy do you want to leave for the people you love in your life?

This is a profound question I consider when working with clients. It's important to consider these two parts to legacy planning:

  • Planning for your estate to be properly established to reflect your wishes for the people you love.
  • Planning to make sure that specific gifts will be passed on to...

Read More...

How to benefit from life insurance when an illness strikes.

By Ken Arvidson, MSFS, CLU

February 3, 2015

Life insurance is one the most important things you can provide to protect your family’s future. 4Wealth life insurance professionals want you to know about a new type of term life insurance that lets you access policy benefits while alive — through Transamerica Life Insurance Co.

Let’s say you develop an unexpected illness that will affect your income and savings,...

Read More...

Client Center

- Individual Clients
- Business Clients

(QuickBooks Hosted Desktop)

(QuickBooks Online)

Using Your Client Organizer
How to Review My 1040
Using File Exchange
Remote Payroll

Go Mobile

Tax & Accounting: access your files from your mobile device. Learn More...

iOS App | Android App

TD Ameritrade: access your account with your iPhone. Learn more…

iOs App

Phone: (708) 695-5300 • Fax: (708) 456-9130