College Costs How Much? Why School Is So Expensive and Tips To Save Better

2021-07-31T01:08:55+00:00July 15, 2021|529 Savings Plan, Blog, College Planning, Family Financial Information|

As many of you probably already know, the average cost of college in the United States has skyrocketed over the last couple of decades. In a 20-year time frame (according to educationdata.org), the average price per year has tripled and is now roughly $35,720. That is $142,880 for a 4-year degree!   Why have college costs ballooned so much? What can parents and students do to prepare for this financial burden? College Tuition Is On The [...]

Stocks Fall on Interest Rate Worries

2016-09-12T15:26:44+00:00September 12, 2016|Market Commentary|

Weekly Update – September 12, 2016 After trading flat for most of the week, stocks broadly sank Friday on fears of a future rate hike. For the week, the S&P 500 lost 2.39%, the Dow fell 2.20%, the NASDAQ dropped 2.36%, and the MSCI EAFE lost 0.16%. Monetary policy was at the forefront of investors’ minds last week as they continue to calculate the odds of an interest rate increase ahead of the September Federal [...]

Stocks Surge on August Jobs Miss

2016-09-06T19:08:12+00:00September 6, 2016|Market Commentary|

Weekly Update – September 6, 2016 After losing steam the previous week, stocks rose last week as investors cheered a weak jobs report and the declining probability of a September interest rate increase by the Federal Reserve. For the week, the S&P 500 gained 0.50%, the Dow grew 0.52%, the NASDAQ added 0.59%, and the MSCI EAFE grew 0.44%. The August job report showed that the economy gained 151,000 new jobs instead of the 180,000 [...]

How much do you need to retire?

2014-11-03T01:22:06+00:00November 3, 2014|Blog, Retirement|

Retirement Planning – Have you taken the steps to plan for retirement (and I don’t mean just contributing to your 401k)?  In other words, are you on-track to retire when you want?  And will you have enough money to make it through retirement?  You’d be surprised at how many people don’t really know the answers to those questions.  You may have an idea, but do you really feel confident about your answer?  For starters, a [...]

Black Friday Deal Sites 2013

2013-11-28T12:46:04+00:00November 28, 2013|Blog, General Financial Planning|

I like to post Black Friday Deals because we ourselves are looking to see if the gifts we've picked for our kiddos are on sale. Check out the search feature on this site-- type the item you want and voila! http://www.pennypinchinmom.com/black-friday-apparel-deals-database/ Penny Pinchin' mom is a local Kansas City blogger who we feel is trustworthy and a place where you won't be bombarded with pop-ups or unknowingly download a virus. Websites like fatwallet.com/black-friday, theblackfriday.com, and [...]

A Thanksgiving Toast

2013-11-28T12:19:31+00:00November 28, 2013|Blog, General Financial Planning|

If I could fit all of you in my dining room today, here's what I would say: Living the American Dream was not something my wife and I ever imagined in those first harrowing days of our firm; shortly after the bottom dropped out of the financial markets. Four years ago this month, Chladek Wealth Management was born with zero clients on a major leap of faith. The markets had failed everyone, and we wanted [...]

Don’t Overspend This Holiday Season! Here’s How…

2013-11-21T19:17:15+00:00November 21, 2013|Blog|

I took my two-year old daughter, Lexi, to Trader Joe's yesterday to buy two turkeys. Over the past couple years I’ve picked up the hobby of smoking meat, so I’m going to try smoking a turkey for the first time, and just in case something goes wrong, I'm going to fry the other one.  If you've never gone to buy a turkey at Trader Joe's – do it, and take a child with you.  Lexi [...]

Yikes: Private College Tuition for 2013 Babies

2013-11-19T20:00:48+00:00November 19, 2013|Blog, Family Financial Information|

Did you have a baby this year? We did! Check out these staggering numbers: A child born in 2013 that begins kindergarten in the fall of 2018 would attend college between the years of 2031 and 2035.  If that child attended an average private 4-year college and if the annual price increases for private colleges experienced over the last 30 years (+5.7% per year) continued into the future, the aggregate 4-year cost of the child’s [...]

October Market Commentary

2013-10-16T23:16:06+00:00October 16, 2013|Market Commentary|

The 3rd quarter ended with the global markets – both equities and fixed income – experiencing gains. The news has been dominated lately by the government shutdown and debt ceiling headlines. Even though the political jabs, finger pointing and the like make for good theater, the chart below, at least, tells us what will happen with the debt ceiling debate – as I’m writing this commentary, Congress has still not passed a bill that reopens [...]

To Taper or Not to Taper – July Market Commentary

2013-07-18T01:38:38+00:00July 18, 2013|Market Commentary|

There was no place to hide in June regardless of whether you were invested in equities, fixed income, or commodities.  While we were getting close to correction territory (10% loss or greater) in equities after Ben Bernanke hinted at ‘tapering’ the FED bond purchases as soon as September, the markets quickly rebounded after several FED board members came out and said that the markets misinterpreted Bernanke’s comments.  The other boost to the markets the last [...]

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