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On Your Own

A Message For Recent Graduates

When I was your age I walked to school uphill both ways in the snow!” You’ve probably heard your parents or grandparents tell you this story, right? You may see everything they have now and think life’s always been easy for them, but that…

When Should I Hire An Accountant?

Tax season is about to swing into full gear – did you know the IRS started accepting 2014 tax returns on January 20? – and one question we hear from many of our younger clients is, “when should I hire someone to prepare my taxes?”

Budgeting that Works

In working with client families, I have noticed that many of them cringe when they hear the word “budget.” Discussions about budgeting often induce frowns, complaints and excuses. Over the years, I’ve come to realize that this distaste for…

Life Insurance at an Early Age

You may have read that you don’t need to buy life insurance early in life. That’s not necessarily true. In fact, getting a policy before midlife may prove wise. Relatively few people opt for life insurance coverage between the ages of 18…

The Credit Conundrum

Think back to your first days on campus when you started college. Do you remember being bombarded by credit card applications during orientation and in your campus mailbox? Did your parents encourage you to open your first card so you could…

Cash Flow & Quality of Life

So you're thinking about making a few financial resolutions in 2016. Perhaps it's your first year out of school and you're finally earning your own money, or maybe you've tried to change your financial habits in previous years and, like so…


Tying The Knot

Talking About Money Before & After You Marry

No married couple should suffer from financial infidelity. If you hide debt, income or assets from your spouse, it can lead to a fight and possibly even an impasse in your relationship.

Marrying Later – What it Means for Your Finances

When my wife, Stephanie, and I got married, we were in our early 20s and things were pretty simple, financially speaking anyway. We didn’t really have any assets to speak of, or even real furniture! Student loans were, by percentage,…

Spenders vs Savers

Yin and yang. Introvert and extrovert. Spender and saver. They say opposites attract, right? As exciting as that can be, what happens in a marriage when one spouse is a spender and the other a saver?

Pros and Cons of Filing Jointly

When you tie the knot, your financial lives will change. Marriage is one of those life events that can really affect your money and tax situation. If you are about to wed, here are a couple of things you’ll want to consider when it comes to…

3 Financial Planning Myths

Having been in the financial industry for well over a decade, certain myths and misconceptions about the financial industry seem to arise over and over, especially when it comes to hiring a comprehensive financial planner to manage your…

Making Your Financial Plan Fun

In the financial planning world, we discuss many goals such as saving an adequate emergency fund, stashing money away for retirement, paying for education, investment strategies and other “non-negotiables” about money. Although all of these…


New Arrival

Are You Worrying Too Much?

We have become a very news-conscious society. Thanks to social media, live-streaming newscasts and online journalism, we have access to information instantly, and can read about current events as they’re happening. While this instant access…

Life Insurance – It’s Time to Talk About It!

So often in this business when I talk to clients about life insurance, I hear, “Hey Dave, I don’t want to talk about this anymore. I’m not about to die and I already have some life insurance.” But because September is LifeHappens.org’s Life…

Starting a Family - There's More to Think About than Education

When my wife, Stephanie, and I were first starting a family of our own, we purchased a beautiful baby bed that we were sure would last for each child we planned to have. We set it up, bought beautiful linens and loved watching our son Gates…

Yes, Young Growing Families Can Save & Invest

Plan to put yourself steps ahead of your peers. If you have a young, growing family, no doubt your to-do list is pretty long on any given day. Beyond today, you are probably working on another kind of to-do list for the long term. Where…

Talking to Your Kids About Money

When it comes to your kids and talking to them about money, you might have as many questions as to when you should start the conversation as you do about what to say. As a financial planner, I probably erred on the side of talking to my…

Are Your Children Financially Literate?

How bad is financial illiteracy today? So bad that your children may be at risk of making some serious financial mistakes. Some are finding that talking to children about finances has become less about the nuts and bolts of money and more…


Pre-Retirement

Taking Stock of Your Stuff

We all accumulate a lot of stuff throughout our lives. Some of that stuff is important and has value, either practical, monetary or sentimental. But much of what we accumulate becomes junk, like the infamous Beanie Baby collections many…

Long-Term Goals and Delayed Gratification

Last week, my oldest son Gates brought home one of those terrible school fundraisers. You know, the kind we all dread that requires your child to raise sponsorships in order to earn a cheap and useless prize. This time, the prize was a…

Social Security Questions - It's More Complicated Than You Might Think!

Do you ever feel that, with every financial question you get answered, two more pop up it its place? Managing our financial lives in the 21st century is complicated, making it even more necessary than ever to have an advisor helping you…

Pre-retirement: What Does it Mean?

Unless you’re a Boomer, the word “retirement” probably seems far off and foreign, if not downright scary. As company pensions have disappeared in recent years, the gauntlet of saving for retirement has fallen solely on the individual…

How Long Will You Keep Working?

There’s a question I’m frequently asked by clients between the ages of 60 and 70, and it’s frequently posed in quiet, hushed tones: How much longer should I work? People treat it like it’s a life-altering decision, which of course it can…

The Sandwich Generation - Kids, Parents, and Your Money

When you daydream about your future retirement and becoming an empty-nester, what does that look like? Do you envision a simpler way of life? From the time my first child was born and we learned to make sacrifices for his (and now his…


Retirement

What’s Your Legacy?

Leaving legacy is something we talk a lot about here at Family Financial Partners. We view legacy planning to be a major component in any financial plan, and want to make sure all of our client-families take this part of their wealth…

One Size Does Not Fit All

Over the past several weeks, I’ve had several interactions with clients we’ll simply refer to as “snowbirds.” Most of these folks are retirees, and they’ve just returned from spending time on a warm, sunny beach somewhere south of here. And…

Will Baby Boomers Ever Truly Retire?

Baby boomers realize that their retirements may not unfold like those of their parents. New survey data from The Pew Charitable Trusts highlights how perceptions of retirement have changed for this generation. A majority of boomers expect…

How to Retire - Our Guide to Getting it Right!

Many client families can walk into our office and can tell us precisely at what age they want to retire, and how much money they’re going to need to do so. Many people are confident about those two factors. However, when those statements…

Creating Your Retirement Blueprint - New Roof or Full Remodel?

What comes to mind when you think about replacing your roof? Spending money you’d rather spend elsewhere? Tedious decisions such as tile versus shingles or metal? Now think about remodeling your entire home. Are you picturing yourself in a…

Leaving a Legacy - Or Not?

Last week I happened to be at my country club and accidentally walked into a presentation by an estate/legacy attorney that he was giving to potential clients over dinner. I pulled a quick about-face – I was in golf attire after all! – but…