1792 Alysheba Way, Suite 201, Lexington, KY 40509
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Month: October 2022

Don’t Leave a Pay Raise on the Table

We are in that time of year when companies start releasing new benefits packages, and open enrollment is almost here. As you look through your new employee book provided by your HR department, you probably see things like additional 401(k) options, accidental death & dismemberment (yikes!) insurance, life insurance, supplemental life insurance, short term/long term disability coverage, along with all sorts of other acronyms you may or may not have any idea what they stand for.

Transitions of Life

Seems like everything is transitioning right now, whether it’s changes in the weather, changes in the sports being played or teams we watch and root for, or the shift from anticipating the excitement of Keeneland and the upcoming Breeders Cup to savoring the memories we made. We spent a lot of time at Keeneland meeting people and enjoying our community, but now it’s back to the desk full-time – and we truly think change is good. Of course the emptying of the grandstand at Keeneland gave way to the excitement over trick-or-treating!

Delayed Gratification: Good or Bad?

Oftentimes in the financial planning community, we use and hear the phrase “delayed gratification.” This is the idea that we should avoid spending money on things we enjoy today, and save/invest it, so that one day we can eventually spend it and receive the “gratification” we’ve been putting off. Dave Ramsey is famous for saying “live like no one else, so that one day you can live like no one else.” That’s all well and good, but personally, I don’t like the idea of denying myself all of the things that bring me joy or gratification. I say ignore that advice!

Long-term Effects of Job-hopping

It shouldn’t come as a shock when I say it is very common for people to job-hop during their 20s and into their 30s before they settle into a long-term position. Typically, people change jobs to gain new experiences, obtain a better title, or for more pay. While these are all very good reasons that, in the long run, should be positives in our financial lives, changing jobs too often can come with a cost.

Holiday Warning Signs

I recently walked into a big box retailer which shall remain unnamed, and lo and behold, encountered the first Christmas decorations of the season. Now, don’t get me wrong, I love Christmas. I’m a big kid at heart after all. But I can’t possibly get into Christmas now when I haven’t bought my Halloween candy!

Don’t Forget About Disability Coverage

One point we often drive home here at Family Financial Partners is the fact that insurance protection for the people and things that matter most is a vital part of any solid financial plan. Most people don’t question the need for health or car insurance, and while many people don’t like to think about it, most client families accept the fact that life insurance is a must. However, one area that often gets overlooked when it comes to insurance is one of the most important – disability insurance.

Fall Money To-Dos

The cooler weather has finally arrived and it officially feels like fall in the Bluegrass! Before you know it, holidays will be upon us, and we’ll be embarking on a brand new year. But before 2017 arrives, make sure to finish 2016 on a strong financial note. It’s important to review your finances and financial goals now, before hectic fall and holiday schedules get in the way, and you’re scrambling to get things in order for the new year. Taking care of these to-dos today could make the end of 2016 and the beginning of 2017 much more relaxing.

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