What were you doing in 2005?
Family Financial Partners is celebrating its 20-year anniversary this month, and we know what you’re thinking — 2005 was twenty years ago??? We feel the same way.
Blog
A reflection on 20 years of Family Financial Partners
It was 20 years ago when two fellas had the crazy dream of building a financial services firm from the ground up. That might not sound so crazy to you — there are all kinds of financial advisors out there — but we were a little different.
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.
Choosing Health Insurance
Please don’t ask me why, but the way providers talk about benefits can confuse many folks, especially younger employees who might be enrolling for their insurance for the first time. One recent study showed that more than half of employees choose plans that aren’t right for them, costing them money in premiums or underfunded costs.
So, what is all this tricky language, and what does it mean for you and your benefit selections? Let’s review a few of the most common terms you’ll encounter in selecting a package.
Retire without worry: How to manage retirement planning stress-free
There’s an old trope in the financial planning industry — Nobody likes to work with engineers.
They say engineers ask too many questions. They come in with complex plans for exactly when and how they should retire to maximize their post-career income. They have dozens of spreadsheets taped together detailing every cent of their savings and budgets and interest payment projections. Heck, I’ve seen it myself. They’re trying to play financial advisor for the first time, and I can tell you that it’s not an easy job.
But at Family Financial Partners, we love working with engineers.
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.
Planning beyond yourself: How insurance can save your loved ones from a heavy burden
Next weekend we officially enter the fall — one of the best times of year that ushers in football, fire pits, and the beginning of the holiday season. As you watch the leaves turn brilliant red and orange and begin to blow to the ground, it’s easy to appreciate the natural beauty of the end of another life cycle before the cold winter months.
It’s much harder to appreciate nearing the end of our own life cycles. As a matter of fact, most of us probably avoid thinking about it altogether. And that’s perfectly understandable. None of us wants to consider that one day we won’t be around anymore and our loved ones will be left to pick up the pieces. Heck, I’m sorry for even bringing it up today. But it’s just the reality of the human condition.
Most Americans live paycheck to paycheck. You can break the cycle.
If you’re like the majority of Americans, you might be living paycheck to paycheck. That’s according to a recent report where 61% of U.S. adults said they spend all of their income every month on bills like housing and food.
We’ve hit a perfect storm where pandemic funds have dried up, inflation has been running hot over the past year, and wages have struggled to keep pace. The result is dwindling savings and record-high credit card debt, and it can feel like you’re barely treading water.
It’s All About Fall: Routines, returns, and rent
Here in Lexington, Kentucky, we may be in the dog days of August, but it just feels a little different this year, doesn’t it? I can almost sense the coming fall air as folks around me are preparing to go back to school and talking about University of Kentucky football. The Family Financial Partners team is making its way back to the office, and clients are starting to answer our phone calls as they settle into a normal schedule.
Love and Marriage: The one rule you must follow when combining finances
When people get married, it sets a lot of things into motion. Many are moving in together for the first time — choosing a home, combining furniture, and splitting up household chores. It’s an exciting time, but also one that comes with the stress of shaking up old routines and learning new ones.
It’s no secret that money is one of the most common causes of marital disagreements, so figuring out how to manage your finances as a married couple is a crucial step in setting yourself up for a successful marriage.
Enjoy
the ride.
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