Financial Planning in Turbulent Economic Times

Presented by The Kendall College School of Business on August 22, 2012

Watch Video of the Event

View PowerPoint presentation of this workshop

Depleting savings and retirement accounts.
Re-building depleted savings accounts.
Organizing personal financial records.

During 2007 and 2008, the US Economy experienced the deepest and longest economic recession since the Great Depression in the 1930’s. In addition, since 2009, the overall economic recovery from the recession has been lackluster, delayed, and incomplete. Furthermore, the economic recession has taken a devastating toll on the savings and retirement accounts of both employed and unemployed Americans. This workshop was designed to share ideas, strategies and anecdotes about certain personal financial planning issues that may be relevant to a wider audience.

This workshop explored:

  • Issues concerning access to and rebuilding of IRA and 401(k) accounts; ideas and strategies for making sound investment choices in this tough market; and, insurance planning considerations.
  • Ideas about how to get personal financial records organized; and
  • Other advice about financial matters.

Meet the Panelists!

Janice M. Faris; EA, The Heartland Group
Ms. Faris is a Financial Advisor with the Heartland Group where her role is linking individuals and businesses to financial goals with solid planning.  Before taking on her current role with The Heartland Group, she was owner and principal of an accounting and tax firm for 23 years, which taught her that listening is often the key to finding appropriate solutions unique to each individual or business. Her goal is to provide education as to available options. She believes that a clear understanding is the foundation to a sound decision.  Jan holds a Bachelor of Science Degree in Accountancy from Northern Illinois University.  She has an Enrolled Agent Certification with the IRS and maintains numerous FINRA Securities Registrations.  She is also a member of the National Association of Tax Practitioners, the National Association of Enrolled Agents, and the National Association of Female Executives.  She and her husband, Paul, live in Wheaton.

Mark J. Gilbert; Principle, Reason Financial Advisors, Inc.
He has more than 25 years professional experience in finance and accounting. Prior to joining Reason Financial Advisors in 2007 as a principal, he was a financial planning manager and vice president with the registered investment advisory firm affiliate and trust department of a major Chicago bank. From 1997 to 1999, he was an owner and vice president of another fee-only financial planning firm in Northbrook, Ill. His professional career includes positions as the executive director of a municipal deferred compensation retirement plan covering more than 9,000 participants, as well as treasurer and controller of national and international privately held professional service firms based in Chicago.

Shireen Groleau, CCPS, CDFA; Lighthouse Financial Group, Inc.
Ms. Groleau is a licensed financial planner, Certified College Planning Specialist and Certified Divorce Financial Analyst™. She specializes in working with families to plan and pay for college, provides expertise to those families going through a divorce and creates holistic financial plans for all of life’s transitions. She has been affiliated with Lighthouse Financial Group, Inc., her family business of 26 years, since 2009.

Opening Speaker and Moderator:
John Frech, CPA; Senior Lecturer, Kendall College; Member, American Institute of CPAs and the Illinois CPA Society

As a federal banking regulator with the Office of Thrift Supervision and the Federal Reserve Board of Governors, he authored numerous financial reporting and auditing regulations affecting Federally-insured banking organizations. In addition, he has collaborated with industry peers, regulators, professional organization leaders and standard setters to establish more consistent and effective solutions to audit issues and business problems.

Please note: This workshop is not intended or designed to provide personal financial advice to participants and participants are advised to seek the advice of a financial professional regarding their personal circumstances and investment choices.