The money conversation every couple should have
You’ve probably read that one of the Four Horsemen of relationship strife is money. Misalignment on money issues is one of the main problems that can sink a relationship if you’re not careful.
Author: Jacob Buckley
Building generational wealth as a Millennial
It’s no secret that many Millennials have had a rough go of it when it comes to the financial instability they have faced during much of their working lives. Between slow wage growth, multiple financial crises, and an inflated housing market, it’s been difficult for many to grow their wealth at a similar rate to their parents and grandparents.
Why a CDFA® can be your most powerful tool in a divorce
As a Certified Divorce Financial Analyst® here in Lexington, Kentucky, I’ve worked with my fair share of clients who understandably have lots of questions about what to expect when it comes to splitting up assets with an ex-spouse. It’s never as simple as: half of your cash, half of your house, half of your cars. It’s a complex process that, when done correctly, requires a lot of foresight to make sure you don’t end up with an unfair settlement that haunts you long after a divorce is finalized.
Five financial mistakes young investors make — and how to avoid them
In my career as a wealth advisor, I meet with lots of professionals just starting out in their wealth-building journeys. I love seeing folks get a head start on investing to let time and compound interest work for them.
But for many others, the freedom they get from those first few paychecks can be a source of temptation, whether it’s spending the whole thing or even spending beyond their means.
Prepare for your best financial year yet in 2025
These years seem to pass by before we know it. Going into 2024, some of you may have said “This is the year I _______,” and then you blinked and it’s December. That’s why it’s so important as we turn over into 2025 to have a solid plan to position yourself for financial success. I’m going to mention four areas to look at, but your individual plan may look different. Either way, taking care of these things now can help ensure that your money works effectively for you throughout the year.
What to (financially) expect when you’re expecting
Of all of life’s great milestones, maybe the most beautiful is having a child. My wife and I are expecting our newest next month, which will make it three girls under 4 years old.
As wonderful as these gifts are, they come with a price. According to recent studies, the average cost of raising a child from birth to 17 for a middle-class married couple has surpassed $300,000. That’s before factoring in a dime of college expenses.
How to take the guesswork out of your spending
Pop quiz: How much do you spend at the grocery monthly?
I’m serious — I want you to take a guess, and then I want you to look at your credit card statement and see how close you were to the right answer.
Have a plan to tackle your 2023 taxes
At FFP, we take a bulk of that work off of our clients, prepping and sending documents directly to them and their CPA. We take a very coordinated approach to this — we don’t want the client to have to be the middleman. It’s simple for me to jump on a conference call with a CPA and make sure everybody’s on the same page and we have an open line of communication.
Ring in 2024 with confidence: An end-of-year finance checklist
It’s hard to believe that we’ve made it to the end of another year. Amidst the hustle of the holidays, I want to encourage you to stay diligent about your financial plan. Here is a little end-of-year to-do list that will help set you up for continued success in 2024.
Don’t get burned by a bad divorce settlement
As a CDFA® professional, I’m looking to find an equitable settlement option that’s best for both spouses. I find that most attorneys are trained to make the settlement split as smooth and quick as possible. But just like I didn’t go to law school and study the legal system, attorneys aren’t financial planners and often don’t consider the client’s long-term implications of their divorce settlement.
Enjoy
the ride.
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