Spring is here, and for many, that means it’s time to organize, declutter and deep-clean your home. In addition to freshening up your living space, spring cleaning is a great opportunity to review important financial planning documents that may not always be at the forefront of your mind, such as your insurance and benefits.
As we progress through our careers with our respective agencies, we sometimes set our insurance and benefits on autopilot, only making sure we have coverage during annual enrollment. We routinely renew our policies year after year, without giving thought to whether we have the appropriate coverage at the most favorable cost. As you know, disaster can strike at any time from many different sources — this includes dying on duty or off. Now is a great time to review those policies, especially your life insurance. Read More »View Past Executive Board Messages
By the time this article reaches you, the March primary elections will have taken place. In previous issues of the magazine, President Marvel and I have written articles on the importance of being engaged in the political fray at the local level. I wanted to take a moment to reiterate the importance of engaging at the local level. PORAC’s advocacy starts with you, the individual member. For us to be successful in our lobbying efforts at the state and federal levels, we need the help of our members and their local associations in the districts. Read More »View Past Executive Board Messages
One lesson I wish I would have learned earlier in my life is to do a better job of living within my own means. One law of finance seems to be that your expenses will always grow to match or exceed your income. As a young father and officer, it seemed that every time I received a raise, my expenses would grow to exceed it. It wasn’t that my expenses grew without my control; I allowed them to grow. Often, I let them grow not when I got a raise, but in anticipation of one. We all know that we often overcalculate the take-home aspect of an anticipated raise. When we pre-commit our new income before it materializes in our paycheck, we can leave our family budgets out of balance, introducing debt and sometimes even ruin to our family’s finances. Read More »View Past Executive Board Messages