Car Insurance: Rid Yourself of Unnecessary Features

Car insurance is like death and taxes - an inevitable part of life.  However, the insurance companies are well-schooled at finding the consumer’s weak spot, creating add-ons to coverage to fit said weakness, and marketing the heck out of it via television, print, and internet ads.  In the end, most people purchase based on emotion [...]

January 9th, 2011|

“Buy and Hold is Still a Winner” Rebuttal

I recently came across an article in the Wall Street Journal written by Burton Malkiel titled ‘Buy and Hold’ Is Still a Winner.  If you’d like to read the article, it comes right up when you Google-it.  The title of the article caught my attention for obvious reasons - Chladek Wealth Investment Strategy: The Numbers [...]

December 2nd, 2010|

Year-End Tax Planning Tips

As you have probably heard by now, there are some pretty significant tax laws set to expire December 31st, 2010.  If Congress doesn’t pass new laws, the tax laws that were in effect at the beginning of the 2000’s will take effect again.  It is possible that Congress can pass laws effective January 1, 2011, [...]

December 2nd, 2010|

When To Update Your Will

The following is a guest blog post submitted by Gary Pratt, CGPP, Associate Director of Planned Giving for the Archdiocese of Kansas City in Kansas. This is a conversation I had recently at a seminar where I was presenting on estate planning and charitable giving. Me, “When did you last update your will?” Woman, “Just [...]

December 1st, 2010|

Should You Include Gold in Your Portfolio?

?Gold is making headlines as it continues to push into record territory.  Many are starting to speak about gold being overbought and in bubble territory.  I found a very interesting chart that attempts to frame an answer to the gold bubble question.  The chart below from John Rogue of WJB Capital points to the price [...]

November 3rd, 2010|

Start Holiday Shopping Now: Ways to Save Big

Many reports suggest that consumer holiday spending will increase this year and retailers are willing to give big discounts to draw you into their stores.  The key to taking advantage of this is to set a budget, figure out who you want to buy gifts for, and what you’ll be giving them. Once you make this [...]

November 2nd, 2010|

5 Factors That Determine Your Credit Score

Did you know that a low credit score can affect your employment opportunities?  More and more employers are looking at your credit.  Getting hired, promoted, or receiving a company credit card can depend on your credit due to company policies and procedures that mandate a strong credit report and score, regardless of how much they [...]

September 30th, 2010|

Raising Charitable Children

Charitable giving is a topic that my wife and I are passionate about. We enjoy giving back and appreciate the opportunities we’ve had to do so.  Owning a financial planning firm for families brings with it a certain level of obligation in this regard.  It is our duty to make sure we talk to our [...]

September 9th, 2010|

“Found Money” Websites: Are They Legit?

As a financial planner, I frequently come across money-making schemes or ideas that seem too good to be true. When I first read about websites claiming to find my “lost” money, I rolled my eyes (but clicked the links and searched for my name anyway). I'm aware that businesses are legally bound to turn over [...]

August 31st, 2010|

The Truth About IRA Rollovers

If you’ve experienced a job loss, switched employers, or retired recently, chances are you’ve heard from more than one financial advisor about rolling over your 401k to an IRA.  You may have even been contacted by a representative of the 401k company asking if you want to rollover the account to an IRA within that [...]

August 17th, 2010|