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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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Rare FEGLI Open Season September 2016

The Federal Employees’ Group Life Insurance Program (FEGLI) is having a rare Open Season the month of September. This is the first FEGLI Open Season since 2004. If you are a Federal employee eligible for FEGLI, you can increase your coverage without medical underwriting. The lack of medical underwriting means you won’t have a medical […]

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Mind and Body to Control Spending

Recent research has shed light on how you can use your mind and body to control spending. You have to act to achieve a goal. You can’t just think about doing something. It’s the action that actually empowers you. Many folks set financial goals to control their spending. If you are one of them, try these […]

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DC 529 Plan Upcoming Reform

I wrote recently to DC Mayor Muriel Bowers asking her to reform the DC 529 Plan (DC Plan). The DC 529 College Savings Plan contains high-cost investment choices, big commissions that can unknowingly harm consumers, and unnecessary participation fees. Earnings in a 529 account are tax-free if they are used for qualified education expenses such as […]

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New Baby Financial Checklist

I’ve been thinking about a newborns recently and the need for a new baby financial checklist. These ruminations couldn’t be more timely. According to the Centers for Disease Control and Prevention, July and August have more births than other months. Cold winter months must lend themselves to romance! If you’ve recently become a parent (or a […]

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Financial Literacy Quiz

A recent NYT article provided a quick and easy way to determine whether you need a financial planner. The article pointed out that since 2009, most folks believe their financial acumen has increased. But according to this quiz, which has been administered consistently for several years, overall financial acumen has decreased. Talk about mismatched realities! The majority of […]

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Competition on Mutual Fund Fees!

Competition on mutual fund fees has broken out! Fidelity Investments lowered its index fund fees below those of low-cost leader Vanguard. As a former antitrust attorney, I LOVE the fact that these companies are competing on something that actually matters to investors. And by naming names in its advertisements, Fidelity’s move is a direct attack […]

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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 […]