Wealth Management Educational Articles

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.

The book, The Investment Answer: Learn to Manage Your Money and Protect Your Financial Future, has gained a lot of attention based on the inspiring personal story of one of its co-authors, Gordon Murray.