About John Chladek

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So far John Chladek has created 368 blog entries.

4 Questions To Discuss With Your Child Before You Pay For Graduate School

2022-06-29T01:19:50+00:00July 1, 2022|College Planning, Family Financial Information|

Graduate school applications and admissions are on the rise. With more and more students pursuing graduate-level education, it begs the question,  Should parents have to foot that bill, too?  Maybe you’ve already committed funds to your child’s undergraduate degree. Or perhaps this is the first time your child is asking for your help with education expenses. You may find yourself in either situation wondering if you have the resources to fund any part of your [...]

10 Expenses Homebuyers Forget About

2022-06-01T19:46:33+00:00June 22, 2022|Blog, Family Financial Information, Real Estate|

Buying a house is an exciting journey, but it can also be stressful (and costly), especially if you walk into the process unprepared, something far too many people do. In fact, over a third of home buyers said they underestimated the total costs of homeownership.   Sure, the price tag may be the biggest cost up-front—but the sale’s price is just one expense homebuyers must consider. Beyond mortgage and insurance, there are additional costs all new [...]

How To Help Your Teenager Borrow The Right Amount of Money For School

2022-06-09T20:01:16+00:00June 10, 2022|Family Financial Information, Financial Planning Psychology, General Financial Planning|

The U.S doesn’t have the greatest track record for prioritizing financial literacy, especially for children.  A financial literacy study for young adults found that young people didn’t grasp basic financial concepts like budgeting, how stocks and bonds work, interest, taxes, and more. On the 31-question test, the average score for high school students was only 48.3%, and college students didn’t fare much better at 62.2%. These numbers, unfortunately, make sense since many states don’t require [...]

How To Meaningfully Incorporate An Inheritance Into Your Financial Plan

2022-05-21T19:22:51+00:00June 1, 2022|Estate Planning, Financial Planning Psychology, General Financial Planning|

Receiving an inheritance can feel like a double-edged sword. While it’s a beautiful gift, it comes at a high price—losing a loved one.  Even though a sudden financial windfall may feel like a blessing, it’s also an immense responsibility. You want to ensure you use the money to its fullest potential and not squander it on things you don’t really need or add value to your life.  Turns out that’s quite a tall order. One [...]

How Goals-Based Investing Can Transform Your Strategy for Good

2022-04-26T21:45:42+00:00May 29, 2022|Blog, Goal Planning, Investments|

Let’s start with a “big” question.  Why do you invest? Your first thought probably wasn’t padding your balance sheet or passing away with millions in the bank.  Your mind likely traveled to one of your financial goals—funding your child’s education, buying a dream home, or securing your ideal retirement plan. When you focus on the “why” behind investing, you’ll never look at the markets or your portfolio the same again. Concentrating on your “why” is [...]

Why Timing The Market Doesn’t Work (and How To Invest Better)

2022-04-26T21:39:35+00:00May 15, 2022|Blog, Investments|

Few words characterize today’s financial markets better than uncertainty.  When overseas economic issues rob investors of months of gains and speeches by Federal Reserve officials cause markets to flip-flop unpredictably, investors are left wondering what they should do.  In an attempt to make major market movements work for their portfolios rather than against them, some investors attempt to time the market.  But is timing the market even possible?  Let’s look at what marketing timing is, [...]

Kids and Credit: When They Need A Card And How To Build Good Credit Early

2022-04-26T21:28:04+00:00May 1, 2022|Blog, Family Financial Information, Financial Planning Psychology, General Financial Planning|

As a financially responsible adult, you likely understand how important good credit is to a successful financial future. Learning sound credit card habits is an excellent way for your child to learn about financial responsibility, independence, and growth. So when should your children start building their credit? Early on, kids must learn that these plastic cards aren’t synonyms with an endless supply of money.  Let’s explore some ideas on how to teach your children about [...]

5 Easy Rules For Structuring Your Kid’s Allowance

2022-04-26T21:20:53+00:00April 11, 2022|Blog|

Giving your kids an allowance is an excellent opportunity to teach them about money, develop healthy financial habits, and form a positive relationship with their money—traits that will serve them well as they age. When you use an allowance to its full potential, your children can learn about savings, investing, goal setting, spending habits, and much more. But without a clear understanding of what an allowance is and how it works, your children may begin [...]

Top 4 Money Management Tips To Ace Financial Literacy Month

2022-04-26T21:21:02+00:00April 7, 2022|Blog|

Did you know that April is National Financial Literacy Month? There’s no better time to chat about money management! What started more than a decade ago as a financial-literacy awareness day is now a month-long campaign Congress recognizes every year. Since its inception in 2004, the program has highlighted the importance of financial literacy and teaches people of all ages how to manage their money wisely. While it may seem simple, research shows that Americans [...]

Why Proactive Tax Planning Can Save Your Family Money In The Long Run

2022-04-26T21:21:10+00:00April 1, 2022|Blog, Taxes|

If taxes were a common household game, what would they be? While your mind may instantly go to something maddeningly random like “go fish” or intensely competitive like poker, it’s really much more of an ongoing and ingenious dance, like chess.   In chess, players function strategically within a complex set of pre-existing rules and parameters—sounds a lot like the tax code, doesn’t it? Here’s the thing about your taxes, they aren’t a one-and-done sort of [...]

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