The Hook Jones Group - Baird Private Wealth Management

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The Hook Jones Group - Baird Private Wealth Management Eric came to financial planning through engineering and small business. Brianna came through life transitions of her own. No handoffs. Ever.

Together: tax smart planning for business owners and personal guidance through divorce, widowhood & retirement.

Financial planning isn't only about where you are today. It's also aboutpreparing for what comes next. CFP Board researc...
10/12/2026

Financial planning isn't only about where you are today. It's also about
preparing for what comes next. CFP Board research found that Americans
working with CFP® professionals are more likely than others to report living
comfortably, having emergency savings and having a will.

October is National Financial Planning Month. Financial planning is about morethan investments or retirement. It's about...
10/05/2026

October is National Financial Planning Month. Financial planning is about more
than investments or retirement. It's about connecting financial decisions with
the goals, relationships and priorities that matter most. This month, I'm joining
CFP Board in highlighting why financial planning is more than money.

The math was easy. The family dynamics were not.A widow's estate is on track to eventually exceed Illinois' estate tax t...
09/21/2026

The math was easy. The family dynamics were not.

A widow's estate is on track to eventually exceed Illinois' estate tax threshold, making lifetime gifting an attractive planning opportunity.

At first glance, the solution seemed straightforward: make gifts today and help reduce the future taxable estate.

But there was a complication.

One of her heirs had a long history of financial struggles. Tens of thousands of dollars had already been gifted over the years, yet the requests for money continued. Neither the client nor her other child felt confident that additional gifts were actually solving the underlying problem.

That created a dilemma:

• Gifting today could help reduce future estate taxes.
• Gifting today could also reinforce unhealthy financial habits.
• Waiting until inheritance wouldn't necessarily solve either issue.

This is where thoughtful planning matters.

Rather than viewing estate tax planning and asset protection as separate issues, we helped the client address both at the same time.

Working alongside Baird's estate planning specialists, we developed a strategy that included:

• A controlled gift designed for a specific purpose today
• An asset protection trust structure for the future
• Flexibility to adjust the plan as family circumstances evolve
• Ongoing monitoring of the client's projected estate value

The result was a plan that balanced generosity with accountability, supported family relationships, and helped protect a future inheritance from becoming a future problem.

The best planning conversations are rarely about investments alone. They're about people, behavior, and creating structures that help families achieve the outcomes they actually want.

Don’t Rush to Sell the House.After losing a spouse, many people feel pressure to move quickly — from family, from friend...
09/18/2026

Don’t Rush to Sell the House.

After losing a spouse, many people feel pressure to move quickly — from family, from friends, sometimes from their own grief.

Sometimes selling is the right move. Sometimes staying put, at least temporarily, is the better decision.

The key is making a financial decision, not an emotional one:

Can the home be comfortably afforded on the new budget?
What are the tax implications of selling now versus later?
Does staying support stability during a hard season?

There’s rarely a rush. Give yourself permission to decide from clarity, not pressure.

Keeping the House Isn’t Always Winning.The family home is usually the most emotionally charged asset in a divorce — whic...
09/15/2026

Keeping the House Isn’t Always Winning.

The family home is usually the most emotionally charged asset in a divorce — which is exactly why it needs the most objective analysis.

Mortgage, property taxes, insurance, and maintenance that were manageable on two incomes can become a real strain on one. The equity is locked up. You can’t pay bills with it and refinancing into a single name sometimes means a higher rate.

Before you fight to keep it, ask the real question: not “What is it worth?” but “Can I comfortably afford it three years from now?”

Ross checks in with several noteworthy indicators of labor market health.
09/11/2026

Ross checks in with several noteworthy indicators of labor market health.

Income Just Changed. Do You Know By How Much?When a spouse dies, income can shift immediately, and not always in obvious...
09/03/2026

Income Just Changed. Do You Know By How Much?

When a spouse dies, income can shift immediately, and not always in obvious ways.

Social Security may change to a single benefit. A pension may reduce or stop depending on the payout election. Employment income may disappear entirely.

Before making spending decisions, get clear on your new monthly reality:

Which income sources continue, and at what amount
Which income sources stop, and when
What new expenses replace what a spouse used to cover

Understanding your new number first is what makes every decision after it calmer and more confident.

Your Settlement Doesn’t Pay Your Bills.Most divorce conversations focus on dividing assets. But the question that matter...
09/01/2026

Your Settlement Doesn’t Pay Your Bills.

Most divorce conversations focus on dividing assets. But the question that matters most for daily life is: what does cash flow actually look like afterward?

Two incomes become one. A spouse’s unpaid labor, like childcare and household management, now has a real dollar cost. Filing status changes shift your tax brackets. Health insurance may need to be replaced.

A settlement that looks great on the asset side can still leave someone struggling month to month.

That’s why we model cash flow before the ink is dry. The plan needs to work in real life and not just on paper.

One of the most surprising findings from a recent national college funding study:Three out of four students who didn't r...
08/20/2026

One of the most surprising findings from a recent national college funding study:

Three out of four students who didn't receive scholarships never applied.

Why?

Many families assume:

• "We make too much money."
• "My child isn't valedictorian."
• "Scholarships are only for freshmen."

The data suggests those assumptions often keep families from pursuing opportunities that could materially reduce the cost of college, or from considering schools they would otherwise love to attend.

When visiting colleges recently with my son, I was reminded that college planning isn't just about saving money. It's also about understanding the rules of the game.

Much like car shopping, the advertised price often bears little resemblance to what many families actually pay. Between institutional aid, merit scholarships, grants, and other opportunities, the true cost can be dramatically different than the sticker price. But many of those opportunities are only discovered, or fully maximized, by asking questions and doing the homework.

Too many families eliminate schools before they ever understand what the actual cost might be.

The families that tend to navigate this process best aren't necessarily wealthier. They're often the families that start earlier, ask more questions, and remain persistent throughout the process.

A few hours spent researching scholarships, understanding aid formulas, and developing a funding strategy can be worth far more than the time invested.

As I've gone through this process with my own son, it's become clear that one of the most valuable lessons we can teach our children isn't simply how to get into college. It's how to evaluate a major financial decision thoughtfully, ask good questions, and understand the difference between price and value.

Source: https://www.salliemae.com/about/leading-research/how-america-pays-for-college/

Last week, our family spent time visiting both Marquette University and UW-Milwaukee with our high school senior. He has...
08/18/2026

Last week, our family spent time visiting both Marquette University and UW-Milwaukee with our high school senior. He has an interest in finance and accounting, and while we've explored several schools on his list, we hadn't yet spent time in Milwaukee, a city with a strong financial services presence and home to Baird's headquarters.

What struck me was how quickly every conversation came back to cost, and how thoughtfully my son was evaluating the value of each option. While we've saved diligently since his birth for this opportunity, I also don't want the decision to rest solely on dollars and cents.

According to Sallie Mae's latest research, nearly 80% of families eliminate at least one school solely because of expense.

Here's the mistake we want to avoid:

Many families wait until acceptance letters arrive before talking seriously about affordability.

The most successful families start much earlier:

✓ Understand what they can realistically contribute each year
✓ Know how college affects retirement goals
✓ Compare schools based on net cost, not sticker price
✓ Have a plan for all four years, not just freshman year

The goal isn't necessarily to choose the cheapest school. It's making sure your student has options without creating financial stress for the family.

It's never too early to start having those conversations. As we've toured schools, I've been amazed at how many lessons from years ago have resurfaced. Discussions about saving, debt, opportunity cost, and evaluating value seemed small at the time, but they're now helping him think critically about one of the largest investments he'll make as a young adult.

As both a financial advisor and a dad, that's been one of the most rewarding parts of this process to watch.

Source: https://www.salliemae.com/about/leading-research/how-america-pays-for-college/

Address

2155 Point Boulevard, Suite 100
Elgin, IL
60123

Opening Hours

Monday 8am - 4:30pm
Tuesday 8am - 4:30pm
Wednesday 8am - 4:30pm
Thursday 8am - 4:30pm
Friday 8am - 4:30pm

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