Some days you wake up and realize you have to start preparing for the future. Today is one of those days for me. As you read this, I’ll be with my family on our way to drop off our daughter at college. It’s a surreal experience. To be completely frank, I’m not sure how I feel [...]
“Mini-Me” is going off to college in a few weeks and I’ve been uncovering ways to reduce college expense. Here are a few ideas I came up with that might help buffer the sticker shock: 1. Insurance. I’m not talking about life insurance for children. I’m talking about “thing” insurance. My daughter isn’t a klutz, [...]
You should ask how much college costs. But you should equally focus on how to reduce those costs. The truth is that you can build your own ivory tower with the cash you’ll save by taking a few unconventional steps. If you are a regular reader, you already know that I am not a big [...]
Here’s a very unique yet overlooked government college-funding solution. Actually, it’s better than that. This is a super practical financial tax planning idea to save you a ton on tuition and fund your retirement at the same time. I learned about this from a client, Rochelle. When her daughter went to college, she bought a small [...]
Is college a waste of time and money? I was talking to a young man named Andrew at a Memorial Day barbecue on Monday. He told me that he had just finished college and that he was excited about starting his career as a fireman. I congratulated Andrew and then we spoke about his career. [...]
Don’t fall for the myth that you have to send your children to expensive colleges. Last week Jerry sent me an e-mail asking for help. As a reminder, he is 57 years old and is expecting a pink slip any day at work. He expects difficulties ahead finding new work, and to make matters worse he’s [...]
Would you feel better if there were a high school or college course on money management for kids? I sure would. But since there isn’t, you’re going to be the one to school your brood. While employment is a crucial element, it’s not enough. If Junior has great weekend jobs but blows the entire amount [...]
I’ve been baffled by this phenomenon of sending kids to expensive colleges for the last 20 years — I’m not kidding. Isn’t it possible to get a high-quality college education inexpensively? Why are adults so willing to hock their right kidney in order to send their darling baby to the priciest school possible? Is it [...]
It’s easy to get disappointed and to think you can’t afford college. Many people think that they won’t qualify for aid to pay for their children’s college. As a result, they don’t even bother to apply. Big mistake. Even if your income is high, you should still investigate financial aid. And believe it or not, [...]
Like so many of us parents today, you might be wondering how you are going to afford college for your child. Your stocks and funds took a dive this year…and the bad news doesn’t end there. If you have money set aside in 529 College Savings Plans or UGMA accounts, they took a beating as [...]
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