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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 […]

Six Tips to Repay Student Loans

Use these six tips to repay your student loans. They address issues that recently surfaced about student loan servicers. The lawsuit by the Consumer Financial Protection Bureau against Navient, a large student loan servicer, highligted several features that federal student loan borrowers should know. Navient’s response to the CFPB’s lawsuit tellingly says they have absolutely […]

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Carefirst’s 2018 Health Plan Premiums Distort Consumer Decision-Making

Carefirst’s 2018 health plan premiums for DC Health Link plans are unnecessarily high, discriminatory, and likely to distort consumer decision-making. The expected number of buyers of the plan, and not the plan’s features, drives the proposed premium increases. DC should review Carefirst’s 2018 premiums with an eye towards how consumers buy health insurance. Consumers view […]

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New DC 529 Plan is a Missed Opportunity

The District of Columbia recently revamped its 529 College Savings Plan. The new plan offers lower cost investment options than the old plan’s offerings. DC also eliminated the high-cost advisor sold option! These changes are a welcome improvement. DC, however, missed an opportunity for its 529 plan to become the low-cost leader. And I don’t […]

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Mortgage Loan Basics

Understanding mortgage loan basics can help first-time borrowers get the right loan. This blog describes several loan features that you can vary and the pros and cons of doing so. This blog is the third of three for first-time homebuyers. The first one describes how much house you can afford. The second one describes things […]

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Obama Improves Personal Finance Decision-Making

Just a week after President Obama’s first Inaugural I started my financial planning practice. Since then, new tools and consumer-friendly policies have offered Americans meaningful opportunities to improve their personal finance decision-making. I’ve seen firsthand how these Obama Administration policies have helped clients with four critical financial challenges: investing for retirement, repaying student loans, buying […]

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New DC 529 Plan Coming Soon

A new DC 529 Plan will be coming in 2017. The new DC 529 Plan provider, Ascensus, will hopefully eliminate the high-cost elements in the existing plan. 529 plans are a great way to save for college. Nearly all states have 529 plans. A 529 plan allows your contributions to grow tax free.  You don’t pay […]