Tom Sunny, Financial Advisor & Planner, Sunny Financial Strategies LLC

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Schaumburg, IL
Tom Sunny, Financial Advisor & Planner, Sunny Financial Strategies LLC

Financial Advisor offering investment advisory services through Eagle Strategies LLC, A RIA Firm. I am not licensed in all jurisdictions.

Our mission is to provide financial security and peace of mind through our insurance, annuity and investment products and services. Every decision we make, every action we take, has one overriding purpose: To be here when our clients need us. Please do not hesitate to reach out to me to help you fully analyze your needs and recommend appropriate solutions. In addition to a Financial Advisor offeri

ng investment advisory services through Eagle Strategies LLC, A Registered Investment Adviser, I am an Agent licensed to sell insurance through New York Life Insurance Company and may be licensed with various other independent unaffiliated insurance companies. I am also a Registered Representative of and offer securities products & services through NYLIFE Securities LLC, (Member FINRA/SIPC), A Licensed Insurance Agency. Neither Sunny Financial Strategies LLC nor New York Life Insurance Company, or its agents, provide tax, legal, or accounting advice. Please consult your own tax, legal, or accounting professionals before making any decisions. Sunny Financial Strategies LLC is not owned or operated by New York Life Insurance Company or its affiliates. Office Address:
475 North Martingale Road
Suite 1250
Schaumburg, IL 60173

Office Phone: 847-585-4931

Any testimonial on this site is based on an individual’s experience and may not be representative of the experience of other customers. These testimonials are no guarantee of future performance or success. Eagle Strategies LLC and NYLIFE Securities LLC are New York Life Companies. My California Insurance license number is 0M96825.

06/09/2026

IRAs can be a powerful part of a retirement strategy, but they also come with important tax rules.

One of the first things to review is whether you are eligible to contribute. IRA contributions generally need to be based on eligible compensation, and Roth IRA contributions may be limited or phased out depending on income.

Contribution timing also matters. IRA contributions for a tax year are generally due by the tax filing deadline, and if you contribute between January 1 and the deadline for the prior year, it is important to clearly designate which tax year the contribution applies to.

Another important area is tracking basis.

If you make nondeductible traditional IRA contributions, IRS Form 8606 is typically used to report that activity. This helps track after-tax money in the IRA and may help avoid paying tax twice on the same dollars later.

There are also rules around early withdrawals, excess contributions, and required minimum distributions. In some situations, IRS Form 5329 may be used to report additional taxes or claim certain exceptions.

The big takeaway: IRA planning is not just about making a contribution. It is about making sure the contribution, tax reporting, and distribution rules are handled correctly.

A little planning today can help support a more organized retirement strategy later.

Before making IRA decisions, consider reviewing your plan with your financial advisor and tax professional.

TraditionalIRA SunnyFinancialStrategies

05/29/2026

Strong financial progress is often built through habits that seem small in the moment.

Scheduling time to review finances, saving consistently, tracking expenses, staying organized, continuing to learn, and setting goals can all create momentum over time.

Many people look for one big move to change everything, but lasting progress often comes from repeatable actions done consistently.

The habits you build around money can shape the decisions you make, the stress you avoid, and the opportunities you create later.

Small disciplines today can lead to meaningful results over time.

05/28/2026

A lot of people assume the only way to access cash from their portfolio is to sell investments. But in certain situations, that may not be the only option.

A securities-based line of credit, or SBLOC, can allow investors to borrow against a non-qualified investment account without immediately triggering capital gains taxes. That can be useful for short-term liquidity needs like a home purchase, bridge financing, a business opportunity, education expenses, or a large tax payment.

That said, this strategy is not for everyone. Interest rates are variable, market declines can impact the line, and it’s important to understand both the benefits and the risks before moving forward.

If you’re curious whether an SBLOC could make sense in your situation, send me a DM with "SBLOC" and we can start the conversation.

**Securities-based lending may not be appropriate for all parties and carries risk. Review the lender’s loan documents for additional information on the risks and terms of a securities-based loan. You should consider the risks and terms and whether a securities-based loan is appropriate before proceeding. Contact your financial professional with questions.**

05/26/2026

Your financial life is often shaped by the choices you make consistently, not by one single moment.

Small decisions repeated over time can have a powerful impact, how you spend, how you save, how you manage debt, how you respond to setbacks, and whether you plan ahead or delay important steps.

Most financial outcomes are not built overnight. They are usually the result of habits, priorities, and decisions made month after month.

Choosing to live within your means, save regularly, continue learning, and stay intentional with money may not feel dramatic in the moment, but those choices can add up over time.

The future many people want is often connected to the decisions they are willing to make today.

05/25/2026

This Memorial Day, we pause to remember and honor the men and women who gave their lives in service to our country.
We are grateful for their sacrifice and hold their families in our thoughts today.

05/22/2026

A budget does not need to be complicated to be effective.

Sometimes the strongest systems are the ones you can actually maintain, understanding your income, prioritizing essential expenses, setting realistic spending limits, and reviewing progress regularly.

Budgeting is less about restriction and more about giving your money direction with purpose.

Small adjustments made consistently can create more clarity, reduce stress, and help support long-term goals.

The best budget is not the most complex one. It is the one that fits your life and helps you stay consistent.

05/21/2026

Mindset can shape more outcomes than people realize.

Most worthwhile goals come with some level of difficulty. The difference is deciding which version of hard helps move you forward.

Budgeting can be hard, but so is feeling like you never know where your money went.

Saving consistently can be hard, but so is feeling unprepared when life gets expensive.

Building discipline can be hard, but so is staying in the same cycle and hoping things change on their own.

None of this is about being perfect. It is about realizing that small, intentional choices can make the future feel a little more manageable.

You may not always get to choose easy, but you can choose the hard that leads somewhere better.

05/19/2026

There are a lot of money “rules” out there, but these three are a great place to start before 30.

The goal is not to have everything figured out perfectly. It is to understand a few basic concepts that can help you make better financial decisions earlier.

The **2x investing rule** is a simple reminder that the earlier you invest, the more time your money has to grow.

The **3–6 month emergency fund rule** helps you prepare for unexpected expenses without relying heavily on debt.

The **4% rule** gives you a starting point for understanding how retirement withdrawals may work later in life.

These are not one-size-fits-all rules, but they can help create a stronger foundation for saving, investing, and thinking long term.

05/12/2026

Your 20s can be one of the most valuable decades for building financial habits because time is one of the few advantages you cannot replace later.

Even small actions taken early, saving consistently, learning how investing works, managing debt carefully, and building an emergency reserve, can create momentum over time.

This stage of life can also be a great opportunity to invest in yourself through skills, education, career growth, and relationships that may increase future earning potential.

There is no need to have everything figured out right away. Often, steady progress and smart habits matter more than trying to be perfect from the start.

The goal is not to do everything at once, but to build a foundation that can support future opportunities.

05/11/2026

One of the most underrated financial habits is keeping margin in your life.

Margin means having room.

Room in your monthly budget.
Room in your schedule.
Room in your savings.
Room to handle surprises without panic.

Without margin, even minor setbacks can feel major.

A car repair becomes stressful.
A medical bill becomes overwhelming.
A job change feels impossible.
A new opportunity gets delayed.

Building margin may not look exciting online, but it can create flexibility and resilience that many people value later.

Sometimes peace of mind starts with giving yourself breathing room.

Address

475 North Martingale Road, Suite 1250
Schaumburg, IL
60173

Telephone

+18474149116

Website

http://sunnyfinancial.com/

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