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CHOOSING THE RIGHT SAVINGS TOOLS

A traditional savings account isn’t your only option when it comes to growing your savings. Find out which savings tool will get you the most bang for your buck!

SHORT-TERM SAVINGS GOALS

Low-risk accounts earning compound interest with higher Annual Percentage Yield.

High-Yield Savings Accounts: Pays up to 10 times the interest rate offered by traditional accounts.

CDs (Certificate of Deposit): Must leave funds in for full-term to avoid early withdrawal penalties in most cases.

Money Market Accounts: Interest rates vary with the market.

MID-TERM SAVINGS GOALS

Low-medium risk accounts earning higher Annual Percentage Yield.

529 College Savings Plan: For educational purposes only, can be invested.

Mutual Funds: Medium risk with potential to yield higher returns. Annual fees required.

RETIREMENT ACCOUNTS

401(k) or IRAs: Higher risk accounts invested over a longer period of time. You can withdraw penalty-free at 55 and 59 1⁄2, respectively.

SAVING STRATEGIES TO REACH YOUR FINANCIAL GOALS

Whether you’re saving for retirement, a down payment on a home or kids’ higher education, these strategies will help get your funds to where they need to be.

WHAT ARE YOU SAVING FOR?

Determine your short-term, mid-term and long-term goals.

Example: Emergency fund as a short-term goal; Down payment as a mid-term or long-term goal; Retirement as a long-term goal.

SET A TIMELINE

How much will you save and when will you need it?

Example: By 2026, I will save $35,000 for a down payment on a home.

BUILD YOUR SAVINGS PLAN

Calculate a monthly savings amount for each goal.

Example: Saving $583 per month will get you $35,000 in five years.

CREATE A BUDGET

Add the total monthly savings goals to your budget. If it’s more than you can afford, consider making a few cuts, adding extra income or choosing a higher-yield savings vehicle.

FEATURED PROPERTY

47 WEST 15TH STREET UNIT A

$1,035,000  |  4 Beds  |  3.1 Baths  |  3,300 Square Feet

This end unit townhome is unbelievably spacious and private! Tucked away on a dead-end street this home has a tremendous amount of light and windows with tree top views and the added bonus of being right across from Cottontail Park! This unit truly lives like a single-family home with multiple living and entertaining spaces inside plus several outdoor spaces including a private brick paver patio. Upon entry from your front door or attached 2 car garage (with extra storage!), you will find built in storage for shoes or hats plus a mud room area to get ready to come or go! Roomy family room leads directly out to patio with fire pit and large lounging area. Additionally, on your ground floor is the perfect in-law or guest suite complete with walk in closet & attached updated bath featuring white vanity & granite top. Gorgeous hardwood floors and staircase lead you to your oversized main level with not one, but TWO huge living spaces that can be used in anyway that your family could possibly need. The remodeled kitchen is just what you would expect in a home of this size and has been opened-up for today’s desired floor plan and open sightlines. All white kitchen with light stone tops, second prep sink, custom backsplash & vent hood, 5 burner range, beverage fridge & double oven for your largest gatherings! Cozy up to a fire in the living room with gas fireplace and stone feature wall or sit out on your balcony and relax. You will also find an updated powder room on this level. Upstairs is a retreat for everyone with all three bedrooms including 2 remodeled baths with white vanities, stone tops & undermount sinks. Incredible room sizes rare to the city. Master suite has its own balcony, tree top views from corner windows, large walk in closet plus linen closet & all stone updated bath with dual vanity, custom mirrors & lights, separate shower & Jacuzzi tub. All of this in prime South Loop location convenient to everything including coveted South Loop School! Wow! What more could you ask for??

CONTACT US FOR MORE DETAILS OR TO SCHEDULE A PRIVATE SHOWING!

FEATURED PROPERTY

47 WEST 15TH STREET UNIT A

$1,035,000  |  4 Beds  |  3.1 Baths  |  3,300 Square Feet

This end unit townhome is unbelievably spacious and private! Tucked away on a dead-end street this home has a tremendous amount of light and windows with tree top views and the added bonus of being right across from Cottontail Park! This unit truly lives like a single-family home with multiple living and entertaining spaces inside plus several outdoor spaces including a private brick paver patio. Upon entry from your front door or attached 2 car garage (with extra storage!), you will find built in storage for shoes or hats plus a mud room area to get ready to come or go! Roomy family room leads directly out to patio with fire pit and large lounging area. Additionally, on your ground floor is the perfect in-law or guest suite complete with walk in closet & attached updated bath featuring white vanity & granite top. Gorgeous hardwood floors and staircase lead you to your oversized main level with not one, but TWO huge living spaces that can be used in anyway that your family could possibly need. The remodeled kitchen is just what you would expect in a home of this size and has been opened-up for today’s desired floor plan and open sightlines. All white kitchen with light stone tops, second prep sink, custom backsplash & vent hood, 5 burner range, beverage fridge & double oven for your largest gatherings! Cozy up to a fire in the living room with gas fireplace and stone feature wall or sit out on your balcony and relax. You will also find an updated powder room on this level. Upstairs is a retreat for everyone with all three bedrooms including 2 remodeled baths with white vanities, stone tops & undermount sinks. Incredible room sizes rare to the city. Master suite has its own balcony, tree top views from corner windows, large walk in closet plus linen closet & all stone updated bath with dual vanity, custom mirrors & lights, separate shower & Jacuzzi tub. All of this in prime South Loop location convenient to everything including coveted South Loop School! Wow! What more could you ask for??

CONTACT US FOR MORE DETAILS OR TO SCHEDULE A PRIVATE SHOWING!