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 of white-collar workers believe a degree is necessary for their job. Additionally, nearly 60% of all US workers don’t need an undergraduate degree. Thus when your young adult asks, “Should I go to College” you can understand their questioning conventional wisdom. However, the debate roars on because nearly 70% of […]
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 […]
February 11, 2016
Saving for Your Childs College

Saving for Your Child’s College

An education is one of the most important things we parents give our children. Here is some helpful info.