Wealth Management Educational Articles

William Braddy, CFP®, a wealth manager with Kraft Asset Management, LLC, has earned the prestigious Certified Exit Planning Advisor (CEPA) designation after completing the Exit Planning Institute’s intensive program.

Planning for your death is not the most enjoyable process. Unfortunately, bad things can happen if you don’t. One never knows when tragedy will strike; when it happens, it’s too late to start planning. Getting your affairs in order is advisable for everyone.

The following rules can help investors build and adhere to a well-designed investment plan. These guidelines may be instrumental in giving investors the best chance of achieving their financial goals.

If you suddenly received $10 million and the diagnosis that you had only 10 years to live, what would you start doing? What would you stop doing?

Developing the right investment plan is among the most important decisions a prudent investor faces. Just as a second opinion regarding important medical decisions can provide reassurance, a review of your existing or proposed investment plan can be a great benefit to you and your family.

Life is all about balance. You want to enjoy life along the way, but it’s vital to set aside resources for what lies ahead. Mistakes made in preparation for your retirement years can be particularly damaging since you may not have the necessary time horizon to correct them. This article discusses several retirement mistakes to avoid so you can maximize the enjoyment of your twilight years.

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.

The worst lies are the ones we tell ourselves. It’s not that we intend to deceive ourselves. Sometimes we all have an unhealthy distortion of reality, especially when it comes to planning for retirement.

When 2012 began with lingering concerns about the weak U.S. recovery, the debt crisis in Europe and political uncertainty, many financial pundits predicted a lackluster year for stocks and more market volatility. The global economy was showing early signs of a slowdown, and many investors were weighing the potential economic impact of the U.S. elections and the so-called “fiscal cliff.”

By trusting Kraft Asset Management, LLC to help you maintain your low-cost, passively managed, globally diversified investment portfolio according to your personal, long-term goals and risk tolerances, you already are doing as much as you sensibly can to build or preserve your wealth against rising risks — today or tomorrow, domestic or abroad, real or perceived.

Once you have purchased life insurance, it is tempting to file your policies away and forget about them. But it is critically important that you review them on a regular basis, especially as the circumstances in your life change. An annual policy review could save you a lot of heartache down the road and could save you money on premiums.

Following are 11 principles we’ve adopted to help us serve as a trusted advisor.