Chad Nehring

Chad Nehring CFP®

Chad is a Financial Advisor. He helps clients achieve financial independence, build, manage, and preserve wealth and develop a plan for retirement.

About Chad

“CERTIFIED FINANCIAL PLANNER™ practitioner. Speaker/Trainer with a common sense approach to personal financial planning.”

My name is Chad Nehring. I am a CERTIFIED FINANCIAL PLANNER™ practitioner and a partner at Conceptual Financial Planning, Inc. and Conceptual Financial Advisors, LLC both located in Appleton, WI. I am also founder of MyFirstFinancialPlanner.com, an online financial planning service designed for those using a financial planner for the first time, and looking to "Get on Track". You can find more information at http://www.myfirstfinancialplanner.comI specialize in providing understandable, common sense financial planning guidance to families, done in an unbiased and independent fashion. I believe that no two families' financial situations are alike, and one's value system is a big determiner in how their finances are handled. I enjoy speaking and teaching, and doing so in an engaging fashion that employs humor...yes this is possible in finance! I've been featured in many news outlets, including online at MSNBC, Registerd Rep magazine, CNN.com, Currency.com and local television and radio.In my spare time, I enjoy being a tech-geek and spending time in the Northwoods, either camping or snowmobiling. 

Certifications

Designations

Registrations

Firm CRD #167513

Certified Financial Planner (CFP) is a designation issued by the Certified Financial Planner Board of Standards

Educational/Exam Requirements:

  • Completion of CFP-board registered study program, or alternative degree or certification, demonstrating mastery of over 100 topics surrounding financial planning
  • Pass 10 hour exam testing knowledge in financial planning situations

Prerequisites/Experience Requirements:

  • A bachelor’s degree (or higher) from an accredited college or university, and
  • Three years of full-time personal financial planning experience

Public Disciplinary Process? Yes

Continuing Education Requirements: 30 hours every two years

Insurance License:

WI #2413183

*Disclaimer:

Advisory Services offered through Conceptual Financial Advisors, LLC and/or Conceptual Investment Advisors, Inc. both of which are Registered Investment Advisors in the State of Wisconsin. 

Certified Financial Planner Board of Standards, Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and federally registered CFP (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board's initial and ongoing certification requirements.


Typical Clients

People near retirement Young couples Young professionals

How I Can Help

Personal Finance Retirement Investing

Fee Structure

Asset-based Commissions Hourly Fee-only Other Contingency
Learn more about how advisors are paid in our Guide to Advisor Compensation.

Typical minimum Client Assets:

No preference

Chad In The News

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Contact:

Phone: (920) 659-7669 Address: 3962 N. Richmond St.
Appleton, WI 54913
cnehring@conceptualadvisors.com

Chad has answered 221 questions

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Chad Nehring
Answer added by Chad Nehring | 5681 views
7 out of 9 found this helpful

I see vesting hasn't been addressed.  Let's discuss it.  Vesting refers to the amount of time

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I see vesting hasn't been addressed.  Let's discuss it. 

Vesting refers to the amount of time you have been employed by the employer, and refers to the money that the employer puts into the plan for you (if any). 

Generally, you are always 100% invested in your OWN money, the hard dollars you contributed into the plan.  If you leave, you'll take that money with you. 

The employer's contributions (matching dollars, profit sharing, etc.) are usually subject to a vesting schedule.  In a 401(k), there are many options, with the most common ones that I see being five years.  In the first year, 0% of the employers dollars would be yours if you leave, then 20%, 40%, 60%, 80% and finally 100% after five years, when you are considered "fully vested".  There are also other vesting schedules. 

Certain plans (Safe Harbor 401(k) plans, Simple IRA's come to mind) have 100% full and immediate vesting. The trade off in some cases for the employer is less administrative time and expense (generally in the Simples).

The portion you don't get is called "forfeiture" and is placed into a general fund in the 401(k) plan, where your employer can use it to pay for plan administrative expenses, or for matching dollars, at their discretion.  

Your Summary Plan Document (call it the FAQ for your retirement plan) will have more information.  You should have received a copy of it when you enrolled in the plan. If not, just ask your HR person for a copy. 

Chad Nehring
Answer added by Chad Nehring | 2692 views
4 out of 5 found this helpful

At this stage, with no other obligations to speak of, saving should be an objective.  Don't feel

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At this stage, with no other obligations to speak of, saving should be an objective.  Don't feel bad about spending, with the ratio of saving to spending right now, you're fine.  (Just spend smartly!) 

However, I'd submit that you need to prepare yourself that things are not likely to stay this way forever.  At some point, you'll move out and establish your own residence.  What will those expenses be?  You may wish to marry, start a family, or continue your education.  Again, what will those expenses be. 

Establish a current budget for yourself, based on today's expenses and income.  From that, you can start to run "what if" scenarios to see what your budget may afford. 

Continue what you're doing to maintain low debt and saving where you can.  It's a great habit to have, and it's likely you'll continue it.  Take full advantage of your employer's retirement plan and any company match, if offered.  Also I'd recommend fully funding a Roth IRA (assuming you have no other plans for your saved dollars). 

Chad Nehring
Answer added by Chad Nehring | 160 views
4 out of 5 found this helpful

First of all, I think you are in a great spot (NerdWallet) to get some great financial information, and

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First of all, I think you are in a great spot (NerdWallet) to get some great financial information, and on the "Ask an Advisor" section, a lot of good advice from a lot of experienced financial folks.  There are also many other decent financial information websites and books, and a few that aren't so good.  My advice is read all you can, glean from it what you can, and apply portions of it to your situation. 

Rates of return can be a bit subjective and have a lot to do with "how" your account is invested.  For planning purposes long term, I tend to lean conservatively and say that between 6-8% in a well diversified, balanced portfolio is obtainable as an average over a period of time. 

You may want to Google "the Rule of 72" which will talk about the effects of returns over time. 

Have a couple of meetings a year with your advisor, take good notes, and get a 2nd opinion once in a while.  Continue to fully fund a Roth IRA in your name each year, even if you have to take money from the inheritance to do so.  Do your own estate planning so if something where to happen to you, these assets transfer in a manner you desire. 

The individual that left you this inheritance no doubt would be happy to see you are asking these questions, and it's a great tribute to them that you are seeking to let them continue to grow and work for you. 

Chad Nehring
Answer added by Chad Nehring | 92 views
2 out of 2 found this helpful

I agree with Curtis in most areas.  Insurable interest should not be difficult to prove (for underwriting

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I agree with Curtis in most areas.  Insurable interest should not be difficult to prove (for underwriting purposes) especially if there is a court order.  You may have more difficulty getting the absentee father to agree to the underwriting portion. If he does so voluntarily, that's great.  If not, it may involve getting the intervention of the court.

Ownership will more than likely have to be by you, as an adult, for basic contract purposes for now, and as stated, a transfer later (although you could still remain as payor, if desired)  I don't see any tax issues arising with a difference in ownership and beneficiary, especially if the policy taken out is a basic term life policy (and it should be).  

Without knowing your relationship with the other party, does he have any existing life insurance that he would be willing (with or without court order) to list the children as beneficiaries now?  That may avoid a lot of extra aggravation. 

Make sure also that you have a will and powers of attorney for yourself, so that in the event something untoward happens to you, that there are guardians appointed for your minor children that are what you want, not what the court decides.  

Chad Nehring
Answer added by Chad Nehring | 181 views
2 out of 2 found this helpful

Unfortunately, in today's ultra-low interest rate environment, there's not a whole lot of places to stash

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Unfortunately, in today's ultra-low interest rate environment, there's not a whole lot of places to stash truly "safe" money,  And you are correct (and very astute!) in saying that with inflation rates where they are, it becomes a losing proposition.  Here's a few suggestions that might help you to "eek" out a little more interest, then I'll delve into another option that is considered investing, but might help you to tip-toe into things. 

I'm going to run on an assumption that you've accumulated a sum of money already, and are looking to do something with it.  

First of all, consider the time frame that you may need this money (for purchase, or whathaveyou).  If it is short term, then your best option is going to be to just keep it in regular savings, and accept the fact that you'll accumulate no interest. 

If your time horizon is a bit longer, then you might consider a very old-fashioned, yet still completely worthwhile tactic called "CD Laddering". Go to a local credit union or bank, and talk to the oldest teller they have working there.  They will know the tactic.  Basically, you are splitting your funds up between different CD's of varying maturities, with the idea that every so often, one will "come due" and you can decide at that point what to do with the money. 

To keep things simple and give you the concept...let's say you have $5,000.  You could split up the money as follows:

$1,000 - regular savings
$1,000 - 90 day CD
$1,000 - 180 day CD
$1,000 - 270 day CD
$1,000 - 365 day CD

Use the money in savings first, if needed.  Otherwise, every 90 days, a CD comes due. You could either use the money, or take it and re-buy a 365 day CD.  In the meantime, the other CD's have 3 months less of maturity left.  I give you here more of a concept than a recommendation, but I wouldn't probably extend maturities much beyond 2 years at this point, if even that.  As interest rates rise, so will the rates on CD's, albeit slowly, and a five year CD might be a mistake. 

If you are willing to take more risk, you might consider looking at a short term municipal bond fund.  This will be more volatile, and you could lose money. Interest earned would be generally free of federal income tax.  Be mindful of any sales charges and internal expenses, which could chew into the return.  Again, more risk here than you may be willing to take, but it does get you tip-toeing into the investment world. 

Congratulations on graduation and looking into some great first money saving ideas! 

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