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Expert Insights

Financially Fit for the New Year

Did you resolve to get in shape this year? Getting—and staying—in shape requires planning, commitment and an acute focus on your long-term goals. Just as a personal trainer helps you hit fitness targets, Busey Wealth Management can help you achieve your financial goals in 2019.

Here are a few issues you may want to consider in the new year:

Tax Planning. Use this time to maximize tax deductions across the board and plan your tax strategy for 2019. If you are self-employed there are a number of legitimate business expenses that can be deducted or amortized to lower your taxable income, including equipment, advertising, travel and research.

Charitable Contributions. If you made a resolution to do good in the New Year, plan your charitable contributions now. Charitable giving can also benefit your overall financial plan by decreasing current and future income taxes, as well as reducing potential estate taxes and helping to provide retirement income. Whether you plan to gift during your lifetime or through your estate plan, it is important to understand your options.

College Planning. You have a range of opportunities to save for your children and grandchildren. Coverdell Education Savings Accounts and 529 plans can provide family members with a convenient vehicle for gifts, can potentially offer tax breaks, and most plans let you save over $250,000 per beneficiary.

Retirement Planning. For some, the new year is a time to evaluate when you will be able to retire and enjoy the life you have dreamed of throughout your career. Working with your advisor to align your spending, saving and investment strategies can help you reach your goal of a carefree retirement.

Wealth Transfer. Your resources allow you to open doors for yourself, those you love and the organizations you support. Effective estate planning can help preserve your assets, reduce taxes paid by your heirs and help unlock opportunities for future generations.

Start the conversation today with our Busey Wealth Management professionals to get—and stay—financially fit throughout 2019 and beyond.

 

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With five lines of business—personal, mortgage, commercial, cash management and wealth management—working together as One Busey, we can meet all your financial needs with confidence. Customers who partner with us are rewarded with the Busey Advantage—regional capabilities and local priorities. It's a commitment that has stood the test of time.

On the personal side, Busey Bank promises to make your banking hassle free with smart personal checking and savings accounts, convenient online banking and mobile banking solutions and consumer loans. Whether you are ready to buy your first home or simply want to refinance the one you currently own, our practical home mortgages, participation in a wide range of special loan programs and in-house mortgage expertise mean your home loan is tailored to your individual needs.

From opening your first business checking account or loan to creating a strong succession plan, Busey can help you manage your growing business. Our business banking, lending and cash management solutions give you the tools you need to keep your business successful and nimble. Our participation in a wide variety of specialized programs and in-house credit expertise allow us to tailor commercial lending packages to your unique situation and make faster credit decisions. Busey knows that cash flow is the lifeblood of a business—whether you need help with receivables, payables, liquidity, fraud protection or information reporting, we can customize your cash management solution to your growing business' needs.

You've earned it. We'll grow it. Busey Wealth Management provides asset management, investment and fiduciary services to individuals, businesses and foundations. We build a team of local professionals around your needs to establish the best strategy for your situation. We work closely with you to develop a personal, comprehensive plan that will help you meet your goals and objectives through each phase of the wealth management process.

Innovative Banking. Simplified.

It's your money, and you should be able to access your accounts whether you're out shopping or out of the country.

Busey makes it easy to securely manage your finances whenever you want, wherever you are.

Personal Banking Learn More »

First home. Or dream home.

There's no place like it.

Busey promises to find the home financing that's best for you - whether you're just starting out, tired of renting or purchasing your dream home.

Mortgage Learn More »

A top partner for your bottom line.

You've worked hard to realize your dream of opening a business.

Busey promises to partner with you so you don't have to handle difficult decisions alone.

Business Banking Learn More »

You earn it. We'll grow it.

After years of hard work, you want to see your efforts pay off - literally.

Busey promises to make your money work for you.

Wealth Management Learn More »

Our customers are our neighbors.

When it comes to navigating your unique financial journey, you want a partner who understands who you are, where you came from and where you are headed.

Busey promises expert advice to guide you through every important financial decision.

Resource Center Learn More »

Our roots run deep.

With roots that trace back more than 145 years, our professional farm managers are entrusted to care and maximize value for landowners controlling a combined 100,000+ acres of prime farmland in Illinois.

Ag Services Learn More »

A top partner for your bottom line.

You've worked hard to realize your dream of opening a business.

We'll build a relationship with you so you don't have to handle these difficult financial decisions alone.

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Your Dream. Our Promise.

You have big dreams.

Busey promises to help you realize those dreams.

The Busey Promise Learn More »

Fulfilling Dreams for 150 Years.

Join us as we celebrate our sesquicentennial.

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