This category addresses various matters dealing with planning, funding, and surviving college.

October 10, 2018
529 Savings Plans for College

529 Savings Plans for College: 10 Advantages to You

According to the College Board (2016) study,  called The Trends In College Pricing, by the year 2024, the average sticker price on a public in State College is expected to move up to $34,000 per year. For private schools that number is estimated to be around $76,000 a year. Let’s face it, college is getting ridiculously expensive and if you have little ones at home that you expect to help pay for their college, then you need to know how to set aside money for that. 529 savings plans are a particular investment vehicle allowing you to save or put away money specifically for education TAX-FREE!! Yes, you read that right, tax-free. Now, let’s consider what you may or may not know about 529 plans.
May 3, 2018
Financial Games for Kids

9 Financial Games for Kids That Teach Monetary Principles

It is hard to believe one of the most important aspects pertaining to our kids’ future is often overlooked: learning about finances! Since these life-changing concepts are not adequately covered in schools (in my opinion), that job falls on us parents! One great (and fun) way is by playing financial games for kids. These games will expose them to the rules they will encounter during banking and managing money as they grow up. The best part—when playing these money-related games, they can take financial risks and without being penalized. The summer break is a great time to snatch one up and get your kids’ financially simple education started!
December 7, 2017

Should You Use a ROTH IRA to Fund Your Child’s College Education?

Today’s question of the day is: “Justin, I read your blog post about options of where to fund your child’s college education for maximum savings. You mentioned a Roth IRA, so how exactly do I do that?”
October 3, 2017

Tax Tip: Check Out College Tax Benefits

Reminder for Parents, Students: Check Out College Tax Benefits With back-to-school season in full swing, the Internal Revenue Service reminds parents and students about tax benefits that can help with the expense of higher education. Two college tax credits apply to students enrolled in an eligible college, university or vocational school. Eligible students include the taxpayer, their spouse, and dependents. American Opportunity Tax Credit The American Opportunity Tax Credit, (AOTC) can be worth a maximum annual benefit of $2,500 per eligible student. The credit is only available for the first four years at an eligible college or vocational school for students pursuing a degree or another recognized education credential. Taxpayers can claim the AOTC for a student enrolled in the first three months of 2018 as long as they paid qualified expenses in 2017. Lifetime Learning Credit The Lifetime Learning Credit, (LLC) can have a maximum benefit of up to $2,000 […]
September 13, 2017
wedding budget tips to keep expenses under control

12 Wedding Budget Tips from a Real Financial Advisor

Move over summer; there’s a new wedding guest in town. According to a recent survey, wedding bells are now ringing more in the fall than the summer. September and October come in tops for the most weddings. This CERTIFIED FINANCIAL PLANNER™ can certainly vouch for the vivid array of colors and cool temps that the Smoky Mountains offer as an ideal wedding backdrop during this time. While the autumn equinox lends a picturesque setting, it may not be any kinder to your wallet than a summer wedding. Nevertheless, there are ways to actually have the wedding of your dreams on a budget in both summer or fall. Here is my list of 12 wedding budget tips to keep your expenses under control.
October 10, 2016

Should I go to College?

One of the biggest decision we face in life is, “will I be going to college,” Not only is it a weighty decision that may control many outcomes in our life, but we often make the choice at an extremely young age. Most just ask, “Should I go to college?” For the most part, we’ve touted going to college as the greatest necessity to be successful in our country. However, with recent changes to the economy and the rapid growth of technology, views are evolving as fast as the next generation of iPhones. According to recent reports, college is no longer ‘prerequisite’ to success that it once was. Currently, the job market is weak, and this means that fewer young people are willing to pay the high fees and go through four years of studying for the risk of not seeing a reward. Just recently, a poll showed that around half […]