Last month, I had the privilege of sitting down with Kay Pirtle, Editor of Wedgwood, Cityview and Ridglea Shopping News. We discussed everything from the Fiscal Cliff to personal finance and ‘why’ Cashion Financial is unique among advisory firms.
The interview was featured as the cover story of the January 9th issue. The article is entitled ‘Experience a Different Financial Reality with Lance Cashion‘. I have posted the full article here.
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I keep a fire extinguisher under the sink in my kitchen. My vehicles have airbags. I go to doctor for a physical exam every year. After all, what I don’t know CAN hurt me. The unexpected happens several times a day to each of us. Sometimes its ‘Unexpected’ with a big ‘U’ and other time its the ‘unexpected’ with a little ‘u’. Most times the unexpected is something small, like a traffic jam on the way to work or a call from my wife to pick up an item from the store. Less frequently, the Unexpected is something huge and life changing, like getting into a major car crash or finding out that your wife is pregnant.
What does this have to do with your finances? I’ll answer a question with a question. Why do I keep a fire extinguisher in the kitchen? Why do my cars have airbags? Why do I get a physical every year? The answer is PREVENTION! The same principles apply to our finances. (more…)
When we die, we generate a financial blessing or curse for those we leave behind. Therefore, we must address the question; “What is enough”? I attended a conference on financial stewardship a couple months ago and this topic was discussed at length. The question of “what is enough?” to financially bless or curse your heirs is a bit rhetorical and does not have a definitive answer.
Your answer to this question will be different than mine.
What IS enough?
Over the last few months I have been contemplating this question. What is enough for my family and I to live comfortably and properly plan for the future? We are not wealthy people by American standards. However, how do we measure against the rest of the world? (more…)
No, I’m not talking about cloning. I’m talking about replacing you financially with proper life insurance!
It is a choice EVERYONE must make while we’re alive. When I die (hopefully, many years from now), I will leave behind an emotionally hurting family. I’ll also leave behind my Church, Kingdom Causes, and a school I love and support. The last thing I want for my family is to deal with a financial storm brought about by my death. Loss of my income, burial expenses, kids education and a mortgage must be dealt with by my grieving widow. (more…)
If you have been in business for a while, you’ve probably heard the term ‘Key Man’ insurance. In this post, I’m going to teach you the basics of using key man insurance to buyout a departed owner’s successor.
Have you ever asked yourself the question;
Do I really want to operate my business with my departed partner’s successor? (more…)
Now is the time to create a Retirement Survival Plan. Don’t be at the mercy of the government for any portion of your retirement income or health care. Assumptions can be dangerous. Planning your financial and healthcare future on assumptions that a provision promised today will be there tomorrow is not only dangerous, it is down right nuts!
The Evidence:
“The nation’s governors face a daunting $555 billion in unfunded liabilities to finance retiree health coverage.” (The New York Times)
“Massachusetts’ largest 50 cities and towns will owe $20 billion to pay for their public workers’ health care, an “exploding” cost that could force them to cut services taxpayers need, a new study said on Tuesday” (Reuters) (more…)
Did you know there is a battle brewing over your FSA?
If you have an Flexible Spending Account (FSA) or you are considering initiating one, be aware of legislative changes that are occurring with FSAs and HSAs (Health Savings Accounts). As you may or may not be aware, new restrictions have been placed on using FSA account funds to pay for over-the-counter (OTC) medications.
In most cases, legislation occurs and most Americans are not aware of the ramifications of a new law or reform. PPACA (Obamacare) was signed into law last March and is being implemented as you read this post. At the same time there are powerful forces at work to repeal PPACA. No one knows how this all will play out over the next several months. However, it is important that we all keep tabs on changes as they happen (particularly, if you are my client). (more…)
I receive email from NCPA on a daily basis. They featured an article by Lanhee Chen, “How ObamaCare Burdens Already Strained State Budgets,” (Heritage Foundation, November 10, 2010). There is some interesting information contained in the article that we all need to be made aware. Patient Protection and Affordable Care Act (PPACA) aka Obamacare effects every single American. In the article, you’ll discover some of the ramification on individual states.
Here is a link to the article:
How ObamaCare Burdens Already Strained State Budgets- November 17, 2010
Links:
www.ncpa.org
www.heritage.org
