Derek Slater - Financial Advisor

05/12/2025

https://www.linkedin.com/posts/lakeshore-financial-group_tax-now-or-tax-later-activity-7327721730427236354-Uplf?utm_source=share&utm_medium=member_ios&rcm=ACoAAALN2voBh0Wg6rtFGXh2H6_W6Oh_A1ty-i0

There are a lot of vehicles for investing, but not all of them are created equal when it comes to taxes. In this quick breakdown, Derek Slater explains the key differences between a Roth IRA and a Traditional IRA and how to tell which one might be more tax-efficient for you. Follow for more "Cl...

11/13/2023

Are you a business owner? Let's connect about your goals and options for retirement savings.

With the IRS focusing more on high-net-worth taxpayers, is it time for business owners to consider implementing cash balance plans?

09/22/2022

You invest your time and money into building your business; don't neglect building a succession strategy as well. A succession strategy can not only help ensure business continuation - it's the foundation of your own personal retirement strategy.

An independent appraisal can be a starting point for long-term planning--or a needed reality check.

02/03/2022

Some great advice in here whether you're retired or not. "There are options for you to pay off your debt, and taking a lump sum from your retirement accounts should probably be the very last of them."

Have a question about your own retirement savings? Email us at [email protected]

05/01/2020

"Waiting for the all-clear may leave investors missing out on market gains. Since World War II, in recessions with a corresponding equity correction, the S&P 500 has bottomed, on average, three months before the end of each recessionary period. It’s little solace to investors who have endured market volatility, but even as the economy weakens, there are opportunities to invest in great companies at a discount." 💸

Don't get caught on the sidelines! There are plenty of companies and even some whole sectors uniquely positioned to weather this storm. Does your portfolio include them? 🧐

Become one of our Financial Advisors and discover how Lakeshore Financial can help upgrade your work and life in general.

03/09/2020

2019 S&P total returns were about 30%. What a year!?! 🚨 All gone. After today, the year-to-date is down almost 15%. You’re still up 15% right? You’re actually worse than when you started (see below.) You’re actually DOWN almost 3%. How’s that?

There’s a big difference between average returns and ACTUAL returns. Diversification and consistency have never been more important!

01/15/2020

Did you forget to contribute to or max out your IRA last year? It's not too late! You have until April 15th. Reducing your tax-hit for now or later is always a good idea!

Use a comparison chart to learn how to save money for your retirement with traditional and Roth IRAs.

07/17/2019

Excited to be featured in Crain’s a few weeks ago. Lakeshore Financial group has really taken care of me and I look forward to many more good things to come!

10/26/2018

Check out our beautiful new cafe space at 300 S. Wacker! Newly remodeled lobby and cafe area with great views of the river. What a good place to talk about your financial future!

10/19/2018

October is historically the most volatile month by far and this one has been no different. Were you diversified enough?