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    Expert Advice Without the Sales Pitch

    As a fee-only financial planner and CFP®, I provide independent, expert guidance to help young families and those nearing retirement plan for their financial future.

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financial advice from Mike Wroblewski

Welcome to Financial Advice for You!

This blog is dedicated to providing financial advice that you can use. Although generic financial planning information abounds, this blog addresses concerns of professionals early in their careers and those nearing or at retirement. After over five years of providing personal financial planning services to a variety of clients in different situations, I have developed […]

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Personal Liability Umbrella

Personal liability umbrella policies can protect you from a disastrous lawsuit. Insurance agents love to sell these policies by citing our litigious society. But do you really need one? Like many issues in financial planning, it depends. Personal liability umbrella policies provide additional personal liability coverage on top of the coverage provided by your homeowners […]

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Financial Integrity Check

Have you performed a financial integrity check? I was intrigued by how this life coaching technique pioneered by Martha Beck, the celebrated master life coach, could be applied to your finances. A recent article in BusinessWeek stoked my interest in an integrity check and a more in-depth integrity cleanse. In her life coaching experience, Beck describes […]

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Reverse Mortgage Line of Credit Update

Creative use of a reverse mortgage line of credit can make your retirement more secure. Recent scholarship suggests that opening a reverse mortgage line of credit and not using it until it is necessary, if at all, creates the most downside protection if you run short of retirement savings. This strategy allows the line of […]

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Reverse Mortgage Basics

Helene, a soon to be single retiree, lamented the other day that she wished she had saved more. She didn’t have a pension and she was delaying claiming Social Security because she had longevity in her genes. She felt she was going to have to sell her condo (on which she still had about a […]

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New Fiduciary Duty for Retirement Advisors

The Obama Administration recently finalized a rule to impose a fiduciary duty on financial advisors that provide retirement advice. This duty requires due care, loyalty, and utmost good faith when advising a client. This new rule puts investors’ retirement interests first rather than the profit interest of the advisor selling a financial product. The rule […]