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Michael Sedlak

Personal Finance, Retirement, Investing
“Mike Sedlak, Principal of Golden Trail Advisers, helps his clients to continually refine their personal financial plan to meet their ever-changing financial goals.”

Golden Trail Advisers LLC

Job Title:

Founder, Principal


Mike Sedlak, founder and managing member of Golden Trial Advisers, LLC. advises executives, business owners and individuals on their financial planning and investments. Since 1998, Mike has worked on cases with people at all stages of their financial lives, from establishing savings targets and investment portfolios to developing business and estate transfer strategies. Mike is an investment analyst by training. He sets investment policy at Golden Trail Advisers, including holdings acceptable for model portfolios.

Mike has a high level of education and credentials in the financial services industry. He has broad designations such as his MBA from Northwestern's Kellogg Graduate School of Management. Mike has specific designations such as Certified Financial Planner (CFP), Chartered Financial Analyst (CFA), and Certified Exit Planning Advisor (CEPA). Mike also has securities licenses through the supervisory level. Mike is a recognized authority on estate planning from a financial planning perspective. He has taught an "Advanced Estate Planning Concepts" course for the Exit Planning Institute, a national organization for advisers.

Mike's depth of financial education and experience enable him to advise clients on a broad range of financial issues. One specialty is the transfer and use of wealth for the next generation. In addition, for clients who own a business, Mike is experienced and credentialed as a CEPA adviser to guide business owners through the transfer process (including estate tax minimization). For business owners, transferring or selling the business can be the most important financial decision in their lives.

Mike has held top leadership positions in volunteer organizations including the YMCA (head of Southwest Adventure Guides) and the Rotary Club of Hinsdale (President, Vice President and Board Member). Mike lives in suburban Chicago with his wife and two children.


MBA, Business, Northwestern University
BS, Business Administration, University of Illinois at Urbana- Champaign

CRD Number:


Insurance License:

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    Estate Planning, Starting Out
What are the differences between a revocable trust and an irrevocable trust?
100% of people found this answer helpful

To add to what has been said, you would set up an irrevocable trust if you want the money to be out of your name.  With a revocable trust, the money still would be in your name.  Two reasons for making a trust "irrevocable" woud be estate planning or asset protection. 

Before you set up an irrevocable trust, be sure you won't need the money in your name later for another purpose.  As my fellow professionals pointed out, you cannot change terms or get back the money you put into an irrevocable trust. 

Another difference is that an irrevocable trust needs to do a tax return each year that it generates income.  That can be costly, time consuming or both.

Hope this helps your understanding.

May 2018
    Stocks, Starting Out
Why do stock prices rise over time?
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May 2018
    Financial Planning, Retirement, Retirement Savings, 401(k), IRAs, Retirement Plans
I have a 401(k) with my new employer; should I roll my traditional IRA into my new 401(k) account?
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June 2018
    Financial Planning, Pensions, IRAs, Taxes, Retirement Plans
Should I rollover my SIMPLE IRA to a 457 plan?
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May 2018
    Banking, Investing
How does daily compounded interest work with a monthly or yearly payout?
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May 2018