Blog
Eight Aspects of Financial Trauma
In a recent column, I discussed financial trauma—money-related occurrences that, either as single extreme events or chronic patterns, can overwhelm a person and become traumatic. Some emotional...
Leaving Money Wisely To A Spendthrift Heir
A common estate-planning question is whether it makes sense to leave inheritances with strings attached. My typical answer is "it depends." It's natural to want your legacy to be used wisely, but...
Recovery From Financial Trauma
When you hear the word "trauma," what comes to mind? The death of a loved one, severe injury or illness, a natural disaster, physical or sexual abuse, wartime combat? These are the things that I...
The Financial Freedom of Owning Less
"Money is freedom." This popular money script contains considerable truth. Having money can provide a lot of options and flexibility that are not possible without money. However, since all money...
Why We Avoid Getting Advice From Financial Professionals
One in four Americans didn’t get a routine medical checkup in 2019, and 3.3 million Americans have never had a regular checkup. These alarming statistics were presented in a March 18, 2020, Business...
Understand the Child Tax Credit Payments
In July, families eligible for the federal Child Tax Credit will begin receiving monthly payments instead of waiting to receive an annual credit when they file their 2021 tax returns. One parent of...
Frugality Syndrome: Saving To Spending
I have exhibited tendencies toward pyromania most of my life. As a Boy Scout, my favorite activity was starting and stoking a campfire. As an adult, my best birthday gift ever was a flame thrower...
How Much is “Rich?” Income Vs. Net Worth
How much money does it take to be wealthy? As I've pointed out in previous columns, this is basically an unanswerable question. It depends on too many variables, such as social norms, personal...
Why We Don’t Plan For The Inevitable
Why do we put off taking action that is important to our financial health? Last week we explored some of the financial "emergencies" that can be avoided with planning or prevention. It’s easy to...
Avoid “Emergency Room” Financial Planning
"An ounce of prevention is worth a pound of cure." Most of us are familiar with this tidbit of immense wisdom. That doesn't necessarily mean we follow it when it comes to either our physical or our...
Market Crashes To Be Expected, Not Feared
A lot of stock market experts are concerned that the market is overheated and ripe for a new bear market. One of those expecting a bear market is Shawn Williams of Motley Fool, in a May 8, 2021,...
Why Paying Executor Is Fair To Estate And Heirs
Does the executor of an estate deserve to be compensated for that service? Absolutely. As last week's column pointed out, serving as an executor is often a time-consuming, emotionally draining task....
Free Initial Consultation
Kahler Financial Group offers a free initial consultation with one of our skilled financial planners in Rapid City for retirement, businesses, investment, or personal wealth management. We welcome the opportunity to spend time with you, discussing your individual needs, asking and answering questions, reviewing our unique services, and confirming that KFG is the best fit for helping you achieve your financial goals. Please note that there will be no specific investment or financial planning advice given at this meeting. Please note: At KFG we made a list of all of the things we do for our clients. We’re at 106 things so far . . .