Retirement can feel like a moving target, especially when today’s financial pressures compete with tomorrow’s goals. Steve Lewit, President of SGL Financial, shared practical guidance on how to balance the realities of today with the importance of preparing for the years ahead. Here’s what was covered Live on WGN 9 News: Rising costs for essentials are putting pressure on household budgets, making it increasingly difficult to balance current expenses with long-term retirement savings. Understanding future expenses, managing credit card debt, and defining lifestyle […]

College is a big step toward independence, and that includes learning how to manage money. Steve Lewit, President of SGL Financial, shares tips to help students budget, spend responsibly, and build confidence along the way. Here’s what was covered Live on WGN 9 News: Financial independence is an important part of preparing students for life beyond college, but it starts with clear expectations and guidance from parents. Give students a set amount of money to manage each month and let them […]

Should you use AI when it comes to your investments? SGL Financial Co-Founder and President Steve Lewit shares how AI can be a valuable tool for research but why it’s important to consult a financial professional before making any significant changes to your investment strategy. Here’s what was covered Live on WGN 9 News: AI is a valuable tool for learning and research, but it shouldn’t be relied on to make investment decisions.   AI can’t fully account for your unique […]

SGL Financial’s President, Steve Lewit, recently joined WGN 9 News to share practical tips for parents looking to support their graduates while still staying on track with their own retirement goals. Here’s what was covered Live on WGN 9 News: It’s easy for parents to overextend themselves on college costs, but doing so can come at the expense of their retirement security. A key point to remember is that while you can borrow for education, you cannot borrow for retirement. Families […]

Steve Lewit, President and Co-Founder of SGL Financial, appeared on WGN 9 News to discuss the potential for a tariff war with Europe, its economic implications, and the possible effects on investors. Here’s what was covered Live on WGN 9 News: Rising trade policy risks, including the potential for escalating tariffs between the U.S. and major trading partners, could disrupt global supply chains, increase costs for businesses and consumers, and place added pressure on the broader economy. Shifts in trade and […]

The latest Federal Reserve report shows household debt has reached a record $18 trillion. Financial expert and SGL Financial’s very own, Steve Lewit, joins WGN 9 News to share practical strategies for enjoying the holiday season without overspending. Here’s what was covered Live on WGN 9 News: Take control of holiday spending by creating a detailed gift list with set budgets for each person and pause before buying to avoid impulse splurges. Review and consolidate all your existing debt so you know […]

The Powerball jackpot recently reached record-breaking levels, creating a wave of excitement across the country. While you may not have hit the winning numbers this time, our very own Steve Lewit joined WGN 9 News to share expert tips on what to do if you ever find yourself holding the lucky ticket. Here’s what was covered Live on WGN 9 News: If you win the lottery, take time to meet with trusted financial, tax, and legal professionals before announcing your news or making […]

Our very own Steve Lewit, SGL President, returned to WGN 9 News to discuss important do’s and don’ts of early 401(k) withdrawals, helping viewers navigate tough financial choices while avoiding costly penalties. Here’s what was covered Live on WGN 9 News: Nearly 5% of people with 401(k) accounts took early withdrawals in 2024, a record high. Early withdrawals mean taking money out before age 59½ and usually come with taxes and penalties. People often make early withdrawals to cover urgent expenses […]

SGL President Steve Lewit joined WGN News to share smart strategies for balancing college savings and retirement planning, as many families face tough financial decisions with student debt repayments resuming. Here’s what was covered Live on WGN 9 News: Prioritizing retirement savings, including continued 401(k) contributions due to high healthcare and long-term care costs, is paramount because no financial aid exists for retirement and neglecting it can burden children later. Openly discussing college costs with children while continuing 401(k) funding and […]