Michael Gibbons

Retirement Income Certified Professional™ for 25 yrs. Securities offered through LPL Financial Member FINRA/SIPC

[Michael Gibbons @GibbonsFinGroup]

2026 SECURE Act 2.0 change: if you earned >$150K in 2025, your 401(k) catch-up contributions must be Roth.

No more pre-tax deduction, but tax-free growth for life. Take a fresh look. https://t.co/kRuyvJKRXs

[Michael Gibbons @GibbonsFinGroup]

When you claim Social Security matters. Claim at 62 and your check shrinks for life. Wait until 70 and it grows roughly 8% a year. The right answer depends on your situation; run the math first. https://t.co/kRuyvJKRXs
https://t.co/kRuyvJKRXs

[Michael Gibbons @GibbonsFinGroup]

Many people use their HSA for this year's bills. Here's a better strategy:

Max it ($4,400 individual / $8,750 family in 2026), invest it, and use it tax-free in retirement.

Triple tax advantage. No other account offers it. https://t.co/kRuyvJKRXs

[Michael Gibbons @GibbonsFinGroup]

Halfway through 2026, AbbVie & Abbott pros, your financial plan deserves a check-in.

• Are your 401(k) contributions on track?
• Should withholdings be adjusted?
• Is your strategy aligned with your goals?

Let's review: https://t.co/kRuyvJKRXs
https://t.co/kRuyvJKRXs

[Michael Gibbons @GibbonsFinGroup]

Illinois has a flat 4.95% income tax rate, but strategies like maximizing deductions, contributing to retirement accounts, and tax-efficient investments can help reduce your tax burden. Let’s optimize your Illinois tax plan and keep more of your hard-earned money!

[Michael Gibbons @GibbonsFinGroup]

Memorial Day is a time to honor and remember those who made the ultimate sacrifice. It’s also a moment to pause, spend time with loved ones, and reflect on what matters most.

[Michael Gibbons @GibbonsFinGroup]

Pharma professionals, even though you’re well-compensated in terms of both salary and benefits, it’s still important to create a personalized plan for retirement income. Here are 5 top considerations to keep in mind.
https://t.co/SAUo6NXHr2

[Michael Gibbons @GibbonsFinGroup]

If most of your income and investments are tied to one industry, take a closer look. Many pharma professionals have concentrated exposure without realizing it. Diversification helps balance opportunity with risk.

https://t.co/kRuyvJKRXs

[Michael Gibbons @GibbonsFinGroup]

Properly title your company stock grants and consider holding them in joint tenancy or in a trust with a partner or spouse to avoid probate and shield your estate. At Gibbons Financial Group, we help pharmaceutical executives navigate equity compensation.

[Michael Gibbons @GibbonsFinGroup]

Tax planning isn’t just a once-a-year task. It shows up in how you use stock options, when you take income, and how investments are structured. The earlier you think about it, the more flexibility you may have.

[Michael Gibbons @GibbonsFinGroup]

When you retire matters just as much as how much you’ve saved. If you’ve worked at AbbVie or Abbott Laboratories, your benefits and stock plans add complexity. It’s not just a number, it’s a strategy. Let’s talk: https://t.co/kRuyvJKRXs

[Michael Gibbons @GibbonsFinGroup]

Mother’s Day is a reminder of how our mother figures shaped our thinking about responsibility. Here’s to the moms who taught us more than we realize.

[Michael Gibbons @GibbonsFinGroup]

I work to understand each client's needs and build a plan that aligns with their values and goals. If your friends or family want a second opinion on their financial plan, or need help building one, I'm happy to talk with them.

[Michael Gibbons @GibbonsFinGroup]

As an AbbVie or Abbott employee, your compensation may include RSUs and stock options, each with unique tax implications. RSUs grant shares after a vesting period, while stock options let you buy stock at a set price. Understanding these can help you maximize your compensation.

[Michael Gibbons @GibbonsFinGroup]

In today’s world of distractions, it’s easy to get sidetracked while researching retirement. But the only performance that matters is how you're progressing toward your goals. Focus on your life’s strategy, not comparisons. Regular reviews, automated savings, & patience are key!

[Michael Gibbons @GibbonsFinGroup]

Executives in the pharmaceutical industry understand that executive compensation poses unique tax challenges. Read on to learn how to handle 4 common tax issues.
https://t.co/Rv8rH3J5p9

[Michael Gibbons @GibbonsFinGroup]

Living in the Chicago suburbs? Here are some tax tips to reduce your burden: Apply for property tax exemptions (Homestead, Senior, Disabled), understand Illinois' 4.95% flat income tax, consider itemizing deductions, and watch out for sales tax rates up to 10.25%. Stay informed!

[Michael Gibbons @GibbonsFinGroup]

With everything happening in the news and volatility on the rise, let’s talk about your financial plan. Where are you now, and where do you want to go? Let’s review your risk tolerance and portfolio to keep you on track. Reach out today: https://t.co/kRuyvJKRXs

[Michael Gibbons @GibbonsFinGroup]

Taking your first RMD? Consider a qualified charitable donation (QCD). You can transfer up to $111,000 per person in 2026 directly from an IRA or workplace plan to charity.

It can satisfy your RMD and help avoid taxable withdrawals.

[Michael Gibbons @GibbonsFinGroup]

To all my CPAs burning the midnight oil, the finish line is in sight! For those who paid more than their fair share in taxes, let’s chat about how new rules & retirement savings changes can help reduce your taxes next year. Reach out today!