Two tax pitfalls of mutual funds

Investing in mutual funds is an easy way to diversify a portfolio, which is one reason why they’re commonly found in retirement plans such as IRAs and 401(k)s. But if you hold such funds in taxable accounts, or are considering such investments, beware of these two tax pitfalls: Mutual funds with high turnover rates can create income […]

Avoid the seven deadly sins of investing

Investment mistakes happen. When they do, money is lost and confidence is diminished. Learning to recognize common investing mistakes can help you avoid these undesirable consequences.

KAM ranked in CNBC’s list of the Top 100 Fee-Only Wealth Management Firms

Kraft Asset Management (“KAM”) was recently ranked 34th in CNBC’s inaugural list of the Top 100 Fee-Only Wealth Management Firms. The entire list can be viewed on CNBC’s website. KAM is an SEC-registered investment adviser. The “Top 100 Fee-Only Wealth Managers” is granted by CNBC, an independent association unaffiliated with KAM. The CNBC Digital Team, […]

College planning 201

College planning can be stressful. There are too many schools and too many forms. We spoke with Lynn O’Shaughnessy, the author of The College Solution: A Guide for Everyone Looking for the Right School at the Right Price, about the challenges families face when it comes to choosing a college.

Four practical situations for teaching children about saving, spending and planning

One of the most important things parents can teach their children about money has to do with the delay of gratification. If children can only be satisfied with instant gratification, they will act impulsively. When they learn to delay gratification in the hopes of something better, they also learn a kind of resilience and the sense of success and accomplishment. Children who know they’ve made good decisions develop self-esteem.

Stay informed, but stay the course

The year 2013 was an extraordinary time for the stock markets. For example, the S&P 500 Index was up a remarkable 30 percent, excluding dividends. In contrast, the first quarter of 2014 was uneven with lackluster results. The Dow Jones Industrial Average was down slightly while the S&P 500 Index was up 1.3 percent. The […]

Planning through the generations

Multigenerational planning involves the transfer of wealth, but it also extends to intangible concepts such as family values and legacy wishes. Conversations about multigenerational planning begin with the first generation. The success of an estate plan can depend on whether the details of that plan have been properly communicated to family members. Therefore, it is […]

William Braddy joins Kraft Asset Management, LLC

William H. Braddy III, CFP®, has joined Kraft Asset Management, LLC (KAM) as a senior manager/wealth advisor. William comes to KAM with extensive experience in wealth management for high-net-worth individuals and families.  He was most recently a senior vice president and private client advisor with U.S. Trust/Bank of America in Nashville where he oversaw all […]

‘Father of Modern Finance’ receives Nobel Prize

Eugene Fama, who is known as the “father of modern finance,” was awarded a Nobel Memorial Prize in Economic Science in 2013. Professor Fama, who teaches at the University of Chicago, was honored along with fellow professors Lars Peter Hansen (University of Chicago) and Robert Shiller (Yale University) for their “empirical analysis of asset prices.” […]

Financial success starts with defining clear, long-term goals

Do you have a vision for your future? Without a clear view of your personal, family and professional priorities, it is almost impossible to put a financial plan in place to achieve those goals. As a wealth advisor, I think it’s critical to give serious thought to what financial success looks like for you and your family right now — and five, 10 or 20 years from now. Without a clear vision, you are selling yourself short. Essentially, you are saying that you are okay with whatever life imposes upon you. We’re not satisfied with the “come what may” approach because of what we’ve seen when helping clients. We know that good planning can improve your present and future.