Budget Your Life - Build Your Lifestyle Ceiling

I want to take a brief moment to wish a very Merry Christmas and a Happy New Year to you and yours from all of us at Kemp & Associates!

As we approach the holidays, it’s both a delightful time to spend with family and friends, and a time to step back, count our blessings and reflect on how fortunate we are. It is also a time when your budget may become slightly tighter. This leads into our next topic, which is the lifestyle ceiling¹. 

My family has been busy helping our oldest son get ready to attend college. It has been a great time to instruct and reflect with him, and it has also given me the opportunity to take a step back and remember what it was like for my wife, Shelley, and I when we attended college. If we go back 25 years when I graduated from high school in 1983, college wasn't a guarantee. If we go back 50 years², college was a luxury to some, maybe even akin to winning the lottery or striking it rich. 

Determining the “Right” Amount of Life Insurance

According to a recent study, Americans are more concerned with being able to pay their mortgage and other bills today than they were a year ago. Now, more than ever, it is crucial that consumers protect their financial security.¹ Life insurance is one tool that can provide this kind of protection. The fundamental question is: what is the “right” amount of life insurance?²