Chad Kappler is a financial advisor with LPL Financial.
I started with Wings Financial Credit Union six years ago with a passion to help our members pursue their financial goals and dreams. As a financial advisor, I strive to help my clients make smart financial decisions to ensure that they are on track to get to and through retirement. Wings Financial Advisors has been a great organization to help me do this successfully.
Both my wife, Caitlin, and I were born in South Dakota. We currently live in Bloomington where we enjoy exploring new restaurants, spending time with family and friends, and being outside as much as possible.
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When it comes to paying down debt, I believe it does depend on what type of debt you are looking into. I believe that all unsecured debt (higher interest rate) should be paid off prior to investing. When it comes to lower interest rate debt (2-4%), such as a mortgage, investing instead may be more beneficial. Everybody’s situation is different, so this could change with certain circumstances.
There is no set-in-stone answer on this question. Everybody’s needs and risk tolerance is different. This is something that also may change with certain life events that happen. This is where a financial advisor can be very beneficial. We can help clients create a strategy to make sure they are at their own acceptable risk tolerance.
I believe having the right mixture of both is key to receiving a desired outcome toward retirement age. It’s important to change the percentage in each product throughout a person’s lifetime as well. Younger individuals can handle more risk with having a larger percentage in stock/equity products. As the individual ages, bonds become a more conservative approach to preserve capital.
Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Wings Financial Credit Union and Wings Financial Advisors are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using Wings Financial Advisors, and may also be employees of Wings Financial Credit Union. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, Wings Financial Credit Union and Wings Financial Advisors. Securities and insurance offered through LPL or its affiliates are:
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May Lose Value
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