Mark joined WHAM in January of 1998 when his weekly call in financial show "Money and More" first aired. The show ran for eleven years and became one of the stations highest rated programs. Recently Mark has returned to provide daily commentary and analysis on the WHAM afternoon news. His segment can be heard at 4:26pm Monday through Friday, with an extended appearance with Randy Gorbman on Thursdays.
Mark started his financial services career in 1986 with IDS/American Express. He is a Certified Fund Specialist and Certified Long Term Care Specialist with a Bachelor's Degree in Economics and Management from SUNY Geneseo. He has designed, authored, and presented retirement and long term care workshops for clients, corporations, and non-profit organizations such as Xerox, Kodak, Agway, and the United Way.
In 2007, Registered Rep magazine listed Mark among the Top 100 Independent Advisors in the country. He lives in Geneseo with his wife Susan and has four children. Mark is an avid fisherman and enjoys spending time at his family cottage in the Thousand Islands. Mark also collects Civil War and Underground Railroad memorabilia for a museum he keeps in the basement of the historic Henrietta office.
As professionals skilled in retirement planning, the partners of The Horizon Group have helped hundreds of people in the Rochester area since our founding in 1993. We specialize in helping clients invest and protect their retirement assets with a straightforward and down-to-earth approach through open and honest communication.
We are proud of being able to help clients make difficult decisions necessary for a successful retirement. We are dedicated to the highest level of professionalism and ethical standards in our practice, and we honor the individual circumstances facing each client.
When faced with providing income and security for a lifetime, retirees are comforted by our "Bucket Approach" and half-century of combined experience. Our formalized review process and frequent communication through newsletters, e-mail, and seminars provide our clients with peace of mind and keeps them focused on what is truly important.
Working with The Horizon Group affords our clients a level of service and unbiased advice that can be delivered only by a small independent practice. At the same time, our client accounts are offered the same FINRA and SIPC protections through our broker-dealer, Cadaret, Grant & Co., Inc., as they would be at a large brokerage house.
We take the time to understand all the questions and concerns our clients have about the future. Aiding them in dealing with these concerns often means going above and beyond the duties of the average financial planner, something we are always willing to do. Helping a child, buying a second home, or dealing with long term care are all issues we assist clients with regularly. At The Horizon Group, we know it's about the quality of your life, not just your portfolio.
The views expressed in Mark's commentaries are to be considered for informational and entertainment purposes only. Before making decisions based on any content in Mark's commentaries you should always consult your financial or tax professional.
The views expressed herein do not necessarily reflect those of this station or of Clear Channel Communications, Inc.
Mark Congdon is a registered representative of Cadaret, Grant & Co., Inc., Member FINRA/SIPC.
If you are like most Americans, you probably don’t know what’s covered in your homeowner’s insurance policy. That’s right, the thing that protects your single largest investment. A recent MetLife survey as reported by US News and World Report showed that almost half of all homeowners don’t know how much coverage they have for the contents of their home, and 1 in 3 don’t even know how much their home is insured for. This could cause you to end up paying a lot more than you expect after your home is damaged. Not exactly the time you need any added stress.
Listen to this reported story. An older couple finally purchases their dream home. One day while they were out, a lamp overheated causing a fire. Not only was part of their house destroyed, but they also lost a family pet. The insurance company arranged to have repair work done, but the hired contractor accidentally caused a major flood in the basement which led to black mold. In all, the insurance company offered far less than the estimated cost to repair their home. The couple was distraught and eventually hired a public adjustor to negotiate a higher settlement. Did they get what they thought they were paying for?
Here are just a few of the questions you should be asking. Will your insurance policy reimburse you for earthquake damage? In most cases the answer is no unless you purchase a separate earthquake policy. Are you covered if your sump pump backs up and your house floods? Most people say yes, but unfortunately you would have needed to add coverage for sump pump failures. How about if you take a vacation, or go away for a few months during the winter and your pipes freeze and break, are you covered? It depends. Did you take all the proper steps to minimize the chances of it happening? Did you keep the heat high enough and drain the pipes before you left? If you didn’t, you may be in for a nasty surprise. And the biggest one, if you have a fire, will the insurance pay the full cost to rebuild? The answer is no unless you have full replacement costs written into your policy. Most basic insurance policies cap their coverage and take depreciation into account when calculating the value of your personal possessions. And even with full replacement cost on contents, most companies pay you only for the depreciated amount and make you whole only after you repurchase the item and submit receipts. This is known as holdback.
On the positive side, there is coverage for things that many people don’t realize. Policies usually cover your children while they are at college and living on campus. And often they cover electronics and damage to appliances caused by a power surge.
The moral of this story, take the time to read and understand what you are paying for. If you don’t know what something means or don’t know if it would be covered in a loss, ask your agent to explain it to you. After a loss is not the time to learn if a check is coming from your insurance company or out of your own pocket.