Financial Advisor Illinois

I just got my first teaching job and I don't know if I should sign up for the teacher retirement system. I heard they take out around 9% per paycheck. My financial advisor thinks that it would probably be better off to invest that money into an IRA. Are there benefits to the teacher retirement system compared to an IRA? I will be teaching in Illinois, if that helps any.

if you are teaching in Illinois you don't have a choice - they just take the money out - so get over it and realize you are going to see 9% of your money taken out whether you want the plan or not. The IRA would be extra - I have both and a 403B.

Good Luck!!!

2007-07-05 09:33:05 by ccm

www.goodfinancialcents.com Jeff Rose is an independent CERTIFIED FINANCIAL PLANNER™ professional and Investment Advisor in Carbondale, Illinois ...

Bush, McCain & other Republicans tried to warn the country. Democrats defended, blocked and suppresses with assistance from the media.

Obama (Co-counsel) Sued Citibank Under Community Reinvestment Act (ACORN) to Force it to Make Bad Loans

Case Name Buycks-Roberson v. Citibank Fed. Sav. Bank Fair Housing/Lending/Insurance
Docket / Court 94 C 4094 ( N.D. Ill. ) FH-IL-0011
State/Territory Illinois
Case Summary
Plaintiffs filed their class action lawsuit on July 6, 1994, alleging that Citibank had engaged in redlining practices in the Chicago metropolitan area in violation of the Equal Credit Opportunity Act (ECOA), 15 U.S.C. 1691; the Fair Housing Act, 42 U.S.C. 3601-3619; the Thirteenth Amendment to the ... read more >
Plaintiffs filed their class action lawsuit on July 6, 1994, alleging that Citibank had engaged in redlining practices in the Chicago metropolitan area in violation of the Equal Credit Opportunity Act (ECOA), 15 U.S.C. 1691; the Fair Housing Act, 42 U.S.C. 3601-3619; the Thirteenth Amendment to the U.S. Constitution; and 42 U.S.C. 1981, 1982. Plaintiffs alleged that the defendant-bank rejected loan applications of minority applicants while approving loan applications filed by white applicants with similar financial characteristics and credit histories. Plaintiffs sought injunctive relief, actual damages, and punitive damages.

This case has received a good deal of press and blogger attention because one of the plaintiffs' lawyers was Barack Obama, then just a couple of years out of law school.



Franklin Raines & Jim Johnson both have in the past or are currently advising Obama.


John McCain warning about Fannie Mae
May 2006
http://sweetness-light.com/archive/behol ...

White House warns of GSE risks


Fannie, Freddie enjoy perception of backing, Mankiw says
By Matt Andrejczak, CBS.MarketWatch.com
EST Nov. 6, 2003
WASHINGTON (CBS.MW) - The notion that the U.S. government would bail out Fannie Mae and Freddie Mac if they ran into financial trouble "creates a source of systemic risk for our financial system," a top White House economic adviser warned Thursday.


Obama , Barack H.
City Chicago
State IL
Role(s) Attorney
Gender M
Case(s) FH-IL-0011 : Buycks-Roberson v. Citibank Fed. Sav. Bank
VR-IL-0042 : ACORN v. Edgar
Nope no viruses. A puny attempt to block the truth! Are you related to Barney Frank, in bed with Maxine Waters?
http://www.whitehouse.gov/news/releases/ 2008/09/20080919-15.html

I think that some on both sides shoulder some blame, but the FM/FM thing lands squarely on Pelosi and Franks. (Franks claimed they were fine) As for Raines, I am shocked that after all the "don't give these CEOS golden parachutes" from many, especially Obama, Obama makes Raines a campaign advisor. However, no one wants to look that closely at this. A clear flip flop from his statements, he handed him the parachute and suited him up. Funny thing is, a previous question on here keeps referring to the Republican controlled congress in the past two years which is untrue. It was Dem controlled. This is exactly why Nancy Pelosi stood up and scolded Bush with no foundation. It's called CYA. However, she didn't pick up enough cookie crumbs to keep from implicating herself. And....unfortunately, because many people are just intent on partisan bashing, no amount of solid proof means anything to them.

2008-12-01 05:35:31 by D W

I am about to graduate from Illinois State in May 2009, GPA of 3.5/4.0 scale, with a degree in Finance. My ideal job would be in corporate finance, maybe an analyst...but at this point in time I can't be too picky. I have applied to many positions within corporate finance and the only responses I seem to receive are sales positions. Ex. Underwriting, financial advisor, etc... Honestly, at this point, I would be happy with any job relating to finance that is not sales. Besides a financial analyst, are there any other opportunities out there that are not sales related? Thanks for the help!

It is tough with current economic situations. But maybe you could be hired by small bank or credit union. Another thing that holds some people back is that they refuse to move. Almost everybody has a relative living in different area of US and maybe at that location jobs are not as hard to find. Talk to relatives if they would put you up for a couple months if you landed a job in their area.

2009-04-06 13:17:19 by akkveto09

His campaign for Illinois Senate was launched at the house of Bill Ayers a guy who bombed the Capitol building in the 60's.

He attended the church of a hate mongering racist for 20 years, and credits a speech by Reverend Jeremiah Wright for the title of one of his books.

His chief financial adviser, Franklin Raines, ran Fannie Mae at the time when they were committing fraud and creating a major downturn in the American economy that eventually led to a massive bailout.

His mentor in his book "Dreams of my Father" is Frank Marshall Davis, a black political activist who taught Obama his racism, anti-white teachings was a proud member of the Communist party.

Those are the ones I can think of off the top of my head.

So how can we trust the judgement of a guy who has shown such poor judgement?

Same way people trust the judgment of a guy who crashed a plane 5 times because he was a bad pilot.

Who cheated on his first wife then claims the moral high ground

Who in the morning says the fundamentals of the economy are safe, and in the afternoon says they are at risk

Who was part of one of the largest S&L scandals of the 80s.

Who changed his entire political philosophy in two years so that he can get the Republican nomination.

Just a few of the things I can think of off the top of my head.

You are taking everything out of context. And who cares who is a communist, this is America, you can think anything you want to. Communism is not a political philosophy but an economic system.

Fannie Mae wasn't the problem it was the all the banks that they had to buy from.

2008-09-22 07:16:27 by Jamie Q.

I live in Illinois and I was really busy around finals time this year and I never had a free day to go talk to a counselor then I went to Florida for 2 weeks with my girlfriend to visit my grandparents. When I got back the advisors office was closed for a week because they were switching buildings. I wanted to ask an advisor what I need to know to apply for financial aid. Also I usually use the loan company Sallie Mae to pay for my loans and for some reason the school I am transferring to (SIUE) wasn't on their list of schools to pay for. Well I just realized that SIUE will only take loans from the companies they feel are the best. I still haven't been able to see a counselor but I did finally apply for a student loan at least; but my parents said they read in the paper that just about all the money these companies are going to give out for loans has already been given...and I am just wondering if this is true and if I should be worried that I wont get any student loans.

Derrick, have you consider to apply for scholarship instead of student loans? Many people has to struggling to pay the loans back because of the high interest rate. Some friends of mine in college told me that they have valuable information regarding scholarships from this place.
Good luck

2009-06-18 23:35:57 by Derrick Q