Life Money Balance® Podcast
The Life Money Balance® podcast helps you “let your life lead your money, not your money lead your life” and engage with your journey to create your life's design. The podcast uses compelling conversations that combine money psychology with personal finance topics to improve your well-being and achieve your life aspirations.
Your host Dr. Preston D. Cherry (“Dr. Cherry”), interviews guests and performs solo shows to provide an emotion-safe space where real people engage in real talk and share authentic moments. Let’s chop! Learn more by following @drprestoncherry, Certified Financial Planner, Certified Financial Therapist, University Professor, and Founder & President of Concurrent Financial Planning, www.concurrentfp.com.
Life Money Balance® Podcast
Avoid Regret: Maximize Open Enrollment NOW!
Optimizing open enrollment is crucial, yet often overlooked, with over 40% of individuals regretting missed opportunities. It’s important to remember that compensation includes not just salary but also benefits like medical and risk insurance, retirement contributions, and wellness perks. Failing to maximize these can leave financial value on the table.
Key areas to focus on include reviewing retirement contributions, utilizing tax-advantaged accounts like HSAs and FSAs, and updating medical plans and beneficiary information. Employer life insurance, while limited, can complement private plans. Staying proactive ensures employees align their benefits with current needs and secure greater financial well-being.
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Dr. Preston D. Cherry