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

March 3, 2017

Balancing Retirement Planning and College Savings Simultaneously

Balancing retirement planning and college savings simultaneously can be a daunting task. Many Americans struggle with this very thing. They want to know: How do you pursue both goals? How do you determine which is more important or are they equal? If this dilemma sounds familiar, you’re not alone. The struggle to balance your retirement while preparing for children’s success is something even I strive to manage. As a CERTIFIED FINANCIAL PLANNER™, I often help parents evaluate options, guiding them to choose the best path that works for them. Planning If you find yourself asking how, here’s a few questions to help you determine what may work for you. Keep in mind; there are no simple answers. Saving for both isn’t a one size fits all: • How long until you retire? • How much Social Security do you expect to receive? • What is your income goal for retirement? • Will you send multiple children to college? • How long do you have to save before your child goes to college? • What are you expecting your child to spend on college? • Are you factoring in any financial aid? (Filling the out the FAFSA now can help) • Do you expect your child to cover any of their college expenses? […]
September 30, 2016
March 7, 2016 ~ Weekly Update

Stock Market Highs: What you can do to keep your portfolio on track

Historical stock market highs are prompting investors to take a close look at their portfolio to maximize returns. According to CNBC through the end of July, the major averages staged a remarkable rally since the March lows. U.S. markets surpassed the highest levels of 2009 with the Dow boasting the best July returns since 1989 and the S&P 500 and NASDAQ in 1997. With the stock market up, July was the best monthly performance for the Dow since October 2002 and April 2009 for the S&P and NASDAQ. Since March the S&P turned in a performance that is up 45.96%; meanwhile, the Dow shot up 40.09%, and the NASDAQ 55.96%. So what does that mean when for your portfolio? Even though the major averages are up this year, your portfolio is still likely down. You could be showing lower return than 3-5 years ago. If that sounds like you, it may be time to rebalance your portfolio. That may lead you to find that it’s out of sync with your ultimate goals. Perhaps saving for retirement or college is a major goal you hope to accomplish with your investments; then now is definitely the time to review where you are and […]
September 1, 2016

9 Games to Teach your Kids Financial Principles

Today we are going to discuss about the ” 9 Games to Teach your Kids Financial Principles”. Teenagers and kids are faced with so many new learning experiences, that it is hard to believe that one of the most important aspects of their lives which is learning about finances and business is not adequately covered even in school. In today’s world of supercharged video game era, it’s difficult to get your kids’ attention clean their rooms talk more learning something about financial planning. Kids learning to play financial games will prepare them for rules on making and managing money as they grow up. When they play financial board games, they are able to take risks and without being penalized.   These 9 games will teach your kids financial principles   Farkle Farkle is a simple dice game that is built with some financial principles. To play Farkle, all you need are six dice and a pencil and paper. Farkle is played by two or more players, with each player in succession having a turn аt thrоwіng the dice. Eасh рlауеr’ѕ turn results in a score, and the scores for each player accumulate to some winning total usually 10,000. Farkle helps […]
July 15, 2016
park the college savings

Where do I park the college savings?

“Where do I park the college savings?”, If you’ve got yourself on track financially and you’re ready to start saving for you child’s college expenses then you may be asking yourself where do I put the savings? There’s a myriad of options when it comes to college savings. Today let’s look at where you can park that money to get the most out of it. The most popular way to invest your college savings is a 529 Plan. This is a state sponsored plan that was created in 1996 that allows you to put money in that will be invested in mutual funds, index funds and things of that nature. The great thing about these plans are they grow tax free and can be used for qualifying college expenses. For example, let’s say you invest $10,000 over a period of time and your money grows to $20,000. You can then pull the whole amount out to pay qualified expenses like tuition, books, etc. TAX FREE!!! 529 plans can also be an individual or group plans. Individual plans can be purchased directly from the state or an advisor. Those purchased directly from the state often have the lowest fees, however if you aren’t […]