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Financial Planning

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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.

Blog Financial Planning Insurance

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.

Combining finances in marriage
Blog Financial Planning

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.

Young traveler saving for future trips for financial freedom
Blog College Planning Financial Planning

Pay Yourself: Why taking that trip is important to your financial freedom

As young investors, everybody wants to advise us on what to do with our money. Bloggers, social media personalities, and TV talking heads claim their method will get us on the path to wealth and early retirement. We see it so much that some of us start feeling guilty, like every dime that doesn’t go toward our retirement, investment portfolio, or mortgage is a dime that’s setting us back from our goal of financial freedom.

Blog Financial Planning

The Joys of Summer: How much should you really spend on that vacation?

I love summer because we have all these opportunities for how we can allocate our newly found free time, but I find when I talk with clients that summer can also be a stressful season. There’s always the pressure to plan that big vacation that we can forget to budget for it and end up paying for that vacation for the next six months. In my case, I’ve got three kids doing camps and getting braces and moving into dorm rooms — there isn’t much money left for the “what Dave wants to do” fund!

Blog College Planning Financial Planning

Tending your financial garden: How hard work today will let you flourish when it counts

So much of gardening is the hard work and growth that takes place underneath the soil — feeding and nurturing our plants so they can build strong roots that will sustain them long after our work is done, allowing us to sit back and enjoy the fruits of our labor. Nobody ever comments on the roots, on the quality of the soil, or on the weeding we did that gave them room to grow. All they see is the beauty that lives above the dirt — the finished product.

Blog Financial Planning

Budgeting for gig workers: How to spend and save on a fluctuating income

Building, maintaining, and sticking to a budget can be a tough task for many of us with regular, full-time jobs. But it gets a lot more difficult if you don’t have a regular income, like those in sales-based jobs, seasonal workers, or folks who work in the gig economy. If you fall into one of these categories — as more and more young earners do — it’s especially important to budget wisely to have a plan for those months when the checks don’t come in quite as high as usual.

Blog Financial Planning

The Most Powerful Investment Tool is Time

How investing a little can lead to much more.

You may remember learning about erosion in school, how a small trickle of water, over time, can wear away rocks and soil and transform into a raging river.

That image always enters my mind when I talk with young investors about how to make their money work for them early in their careers. Coming into their first jobs out of college, they probably aren’t making much income, and that’s while they’re considering student loans, saving for a first down payment on a home, and the other expenses that come from starting life on their own. Many of them feel that there just isn’t enough left over to start funding an investment account in a meaningful way.

Blog Financial Planning

Investment vs. Speculation: What’s the difference?

Before making any decisions, let’s make sure the next big “Investment” is actually an investment and not just speculation.

Blog Financial Planning

Don’t Rush Your Financial Plan

When it comes to saving and investing, it’s always a good idea to start young and be consistent. Early and often, right? While this is solid advice, I also advise my clients not to rush the process when it comes to building a solid financial foundation.

Enjoy
the ride.

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