Client Profile

Does this sound like you?

Overwhelmed and exhausted from daily life and taking care of others, clients contact us when they wonder…

  • How can I save for retirement and my child’s education?
  • Is a 529 plan right for me?
  • How can we invest with the greatest tax efficiency?
  • Where should I go when I get a letter from the IRS?
  • How should I invest my 401K?
  • Do we have too many financial accounts?
  • Am I confident I am making the best financial decisions?
  • How do get my money out of the 401K at retirement?
  • What am I going to do in retirement?
  • Do I have the right kind of financial accounts?
  • How can I financially fulfill my dreams?
  • Can I worry less about money and enjoy life?

Rorik guides families through the financial hurdles of life.

Over time, two distinct family types have found success with Essential Financial Strategies.

Wealth Builders:  Families with School Age Kids

These families typically earn up to $250,000 a year. Typically, both parents (aged 40 to 55) are college educated though only one parent may work. They value education and want to make sure their kids get a quality education from kindergarten through college. The parents maybe be helping their parents or another relative. They engage outside help with tasks that distract them from their families such as house cleaning and lawn care. Such parents appreciate the beauty of simplicity and recognize complex solutions often add headaches to their lives. The bottom-line is that these families are busy and want help sorting out financial challenges.

Typical value the clients receive:

  • Navigating financial decisions around life's changes such as buying a home, starting a family, job changes or divorce
  • Prioritizing savings for education, retirement, housing, and emergencies
  • Planning cash flow for education
  • Reviewing insurance needs to protect families as changes occur—babies, marriages, and new drivers
Wealth Sustainers:  Empty Nesters and Pre-Retirees

These individuals or couples are in their peak earning years and earning $250,000 or more.  These charitably inclined families often have one person returning to the workforce after raising a family and are in their 50s or 60s.  Often one of the couple is a nurse or similar healthcare provider.   Frequently, they are helping an elderly parent or other relative.  Usually their only debt is a home.  These clients are looking forward to the end of their working years and want to make the most of their efforts. They maybe still facing some large expenses such as college loans or weddings.  Often, with more time on their hands, they want to dive in and work on improve their financial life.

Typical value the clients receive:

  • Planning the transition to retirement including creating retirement paycheck from investments
  • Reviewing the finances required to afford a retirement lifestyle and keeping goals on track
  • Reducing the complexity of financial accounts created over a lifetime
  • Making an educated decision about when to start Social Security
  • Creating and implementing a strategy for charitable and family gifting and legacy
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Financial Planning Chicago
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