Investments - Chladek Wealth Management

4 Things You Can Do With Your 401k When You Leave a Job

John Chladek2022-09-01T20:01:27+00:00September 15, 2022|Blog, Investments|

The average person will hold 12 jobs in their lifetime. Gone are the days of spending your entire professional life with the same company. Each time you change jobs, there is more to consider behind the scenes than just the new role. Mainly your retirement account! An estimated 2.8 million 401k accounts with an average balance of $55,400 are abandoned annually. Don’t leave your hard-earned savings in the dust with your previous employer. Before you [...]

Can You Use a Roth 401k to Save for Retirement?

John Chladek2022-09-01T19:49:23+00:00September 8, 2022|Investments|

Retirement. While it may feel like a long-time coming, it can also seem like an insufficient amount of time to save everything you need. So how can you prepare? A traditional 401k has been the go-to investment option for many years. But in the last two decades, another tax-advantaged vehicle has seen increased interest: a Roth 401k. What is a Roth 401k, and how can it help you reach your retirement “number”? What Is A [...]

6 Ways To Use Market Psychology For Good Not Evil

John Chladek2022-10-03T17:54:31+00:00August 15, 2022|Blog, Financial Planning Psychology, Investments|

Our financial market is in a volatile state. Stocks are down, inflation is sky high, interest rates are increasing, and faith in the market is dwindling. When financial instability becomes mainstream, many people’s thoughts and attitudes toward their money follow suit. This phenomenon is known as market psychology, and market psychology represents the overall sentiment investors carry toward the stock market at any given time. And right now, it’s not all that pretty. Market psychology [...]

4 Investment Mistakes Women Want to Avoid On Their Wealth-Building Journey

John Chladek2022-08-09T20:43:12+00:00July 29, 2022|Blog, Investments|

Facts are facts, and the facts say that women are awesome investors. Recent data from Fidelity discovered that when women invest, they tend to outperform their male counterparts by 40 basis points (0.4%). Couple that with data from McKinsey, which estimates that women will control a significant portion of the $30 trillion wealth transfer from the baby boomer generation, and the future of money is looking female. But for all of these “wins,” there will [...]

How Goals-Based Investing Can Transform Your Strategy for Good

John Chladek2022-04-26T21:45:42+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)

John Chladek2022-04-26T21:39:35+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, [...]

Why You Need More Than a Robo-Adviser

John Chladek2022-03-10T18:41:45+00:00March 10, 2022|Blog, Investments|

As technology for robots and artificial intelligence become more sophisticated, it starts to have a universal place in society’s daily functions—and finance is no exception. By now, you’ve likely heard of “Robo-advisors,” which are online investing platforms that use computer-generated algorithms to create strategies and manage your money. Most Robo-advisors are entirely automated, but some also offer access to human assistance. These platforms provide simple portfolio management with little human interaction at rock-bottom prices. This [...]

Should You Open A Roth IRA for Your Kids?

John Chladek2022-02-01T22:11:58+00:00February 1, 2022|Blog, Family Financial Information, Investments|

While most commonly used as a tax-efficient way to save for retirement, Roth IRAs have some unique traits that make them appealing to investors with many financial goals. In particular, opening Roth IRAs for your minor children may help them get a jumpstart on their financial future. Wait, you can open a Roth IRA for your kids? That’s right! Investing in a Roth IRA for your kids may open up some critical future opportunities—far more [...]

5 Clear Cut Signs You Need to Consider A Roth Conversion

John Chladek2021-11-10T03:35:44+00:00October 1, 2021|Blog, Investments, Retirement|

To do a Roth conversion or not to do a Roth conversion, that is the question. A Roth conversion presents a strategic avenue for high-earners to take advantage of a Roth IRA while not contributing directly. While Roth conversions grant increased access to this coveted account, there are several factors to consider before initiating a conversion. Let’s take a look at five telltale signs a conversion may or may not be a good move for [...]

Student Loan Debt Just Crossed $1.7 Trillion, How To Save Your Finances From This Startling Statistic

John Chladek2021-09-01T16:41:42+00:00September 15, 2021|Blog, College Planning, Investments|

Earning a degree is often part of the “American Dream,” making it an accomplishment worth working toward. And while graduating from college is a collective dream, the cost of obtaining it can be somewhat of a nightmare. On average, earning an undergraduate degree results in about $36,510 in student loan debt. For those earning a master’s? That number nearly doubles to $71,318 (according to educationdata.org). Keep in mind that the type of degree one earns [...]

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