Kendall County, IL Financial Advisors and Resources

Financial Advisor Firms in Kendall County, IL

How Retirement-Friendly is Kendall County, IL?

  • Population: 126,054
  • % of Population 62 Years and Over: 12.4%
  • Average Home Value: $240,000
  • Average Monthly Housing Cost: $1,716
  • Average Household Income: $110,975
  • Illinois Total Tax Burden: 9.52% (9th Highest in U.S.)
  • Illinois Property Tax: 4.00% (8th Highest in U.S.)
  • Illinois Individual Income Tax: 2.11% (19th Lowest in U.S.)
  • Illinois Sales and Excise Tax: 3.41% (24th Highest in U.S.)

Kendall County, IL Financial Advisor FAQs

Pay structures vary, but most advisors are paid based on a percentage of assets under management. This percentage can be anywhere from 0.4% to over 2%.
A financial advisor helps their clients make better financial choices, to improve the quality of their lives. This is done by helping them set goals, paying attention to current realities (such as retirement or debts) and then researching which investments can help them get where they want to go.
Generally, the amount and complexity of money that people have makes it impossible for them to handle their financial affairs by themselves. A skilled financial advisor can help you plan your retirement, understand your insurance needs and effectively manage any tax consequences so as to minimize both taxes and penalties.
A key factor to consider when finding a financial advisor is the fee structures. Some advisors charge based on how much money you have, while others charge an hourly rate or a flat fee for specific tasks like creating an estate plan. There are also hybrid practices that offer different mixes of hourly-based versus commission-based compensation models.