College Savings
5 Steps to an A+ College Plan
Imagine your son or daughter receiving an acceptance letter from the trade school or college of their choice. It is rewarding to witness them start on the path for their adult life. The only thing that could make you happier is knowing that wherever that school is or what financial aid is offered, you have a plan to secure it.
College as an Investment, Not an Expense
Why should we look at college as an investment rather than an expense? The earlier you start, the easier it is when it comes time to go to college.
College Savings Plans: Then and Now
I went to college a long time ago, back before the invention of the 529 College Savings Plan. In fact, I had already been enrolled at Michigan State University…
Happy 529 College Savings Day
May 29th is 529 College Savings Day, a unified push by many states to increase awareness of the tax-advantaged college savings plans known as 529’s.
Recent Posts
Do I Need to Enroll in Medicare if I’m Still Working?
As a financial advisor helping clients with their Medicare decisions, I’m frequently asked if they need to enroll in Medicare while working. When I provide the answer, I’m often met with, “Well, that’s not what my friend said.” And that isn’t surprising.
What Is Risk Tolerance and Why Is It Important?
When you hear the term “risk” in a conversation, your heart may skip a beat. The thrill of doing something risky can be very tempting for some people. I have a niece who wanted to experience sky diving. I thought, good for her! But I knew that thrill wasn’t for me. When it comes to your money, the term “risk” may cause a different type of excitement. For some, it may be downright scary. In financial planning, the phrase “risk tolerance” is one of the many pieces of financial jargon that is often misunderstood. Let’s shed some light on risk tolerance and why it’s important to know yours.
Financial Fraud Against the Elderly
As the American population ages, we can count on two things – the likely increase in cognitive impairment and the increased instance of, and losses from, financial fraud against the elderly.
How to Manage Debt in Retirement
Recently I read a few articles addressing increases in the amount of debt held by retirees. Carrying debt into retirement isn’t necessarily a bad thing if you have enough cash flow to pay your bills and live comfortably. However, increasing debt levels could derail an otherwise well-planned retirement. Let’s talk about some common causes of debt and how to manage debt in retirement.
What Does A Financial Planner Do and When Do I Need One?
When you’ve got financial questions, the internet probably has some answers. Your friends and family may also offer advice. But is any of that advice right for you and your situation?
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