My Comments: As someone licensed to sell life insurance policies for over 4 decades, I know for a fact that many of them go missing. People move, people die, there are no records for family members, sometimes a house burns down. These and for probably dozens of other reasons, a life insurance company is never …
Category: Money for College
To College or Not to College
I've spent a lot of time in the last few years trying to help parents and their college bound students realize there is a source of money to help pay for college that does not have to be paid back. Every college and university has funds they can use to support and encourage the students …
Top 15 Best Paying College Degrees
NBER study looks at what college grads can expect to earn in their chosen fields My Comments: If you are a parent of a high school child, paying for the college education of your student has got to be discussed and resolved at home long before the decision is made about which school to attend. …
Don’t Pay for Your Kids’ College, Wealth Manager Urges Boomers
My Comments: By now you know that I spend time every week talking about the cost of a college education for your student and for any student in high school who has expectations of getting a college education. I've asked help from you in the past as to how to get this message across to …
Continue reading Don’t Pay for Your Kids’ College, Wealth Manager Urges Boomers
Financial Aid Letter Would Provide College Cost Comparison
My Comments: I continue to be puzzled why parents are not interested in the free money available from college admissions offices as they prepare their children for high school graduation and preparations for college. There are billions of dollars out there that don't have to be paid back. The only catch is knowing how to …
Continue reading Financial Aid Letter Would Provide College Cost Comparison
Parents Struggling To Cover College Costs, Survey Says
My Comments: I have a solution to this problem. But try as I will, very few parents of high school age children have expressed a willingness to talk with me about it. As a financial planner, I’ve very aware of the financial pressure that comes from wanting your children to go to college and earn …
Continue reading Parents Struggling To Cover College Costs, Survey Says
Top 10 Biggest College Savings Plans
The 10 biggest 529 plans for the fourth quarter of 2011 are ranked by asset size My Comments: A 529 Plan is an IRS approved idea that allows you to set aside after-tax money in a special account where it will hopefully grow. Then, when you withdraw the money to pay for college education approved …
Realistic Planning: There’s More to Life Than Retirement
My Comments: This article is about someone who put all three of his children through college and saw them graduate with no debt. As he says, "Woo-Hoo!" Many of you with children in high school, or perhaps already in college, are doing your best to help your kids get into or through college with money …
Continue reading Realistic Planning: There’s More to Life Than Retirement
Seeking Creative Ways to Pay High College Costs
My Comments: I'm very involved with a foundation out of Tucson, AZ that has the ability to help parents find endowment money to pay for college. A typical result when you engage with the foundation is $60,000, spread over four years, that does not have to be paid back. In spite of this record, many …
Continue reading Seeking Creative Ways to Pay High College Costs
Top 15 Best Paying College Degrees
My Comments: The most compelling argument in favor of a college education is that it leads to economic advantages. In simple terms, more money. Yes, there are probably other reasons to be properly educated, among them those who are committed at an early age to follow a path of service to humanity. But for most …
Helping Define Your Financial Future 