Most parents may not realize that you have multiple college saving options available to you and your family when it comes to saving for college. But whether you are the parents of multiples (twins, trips, quads, etc.) or have multiple kids, how do you determine what the best college savings plan option is best for you? What College Saving Plan … Read More
How a Family Who Has Triplets Saves for College
My Own Family Story My wife Theresa and I have a set of triplets and another daughter who is 22 months apart. We started our youngest in preschool early, which meant that she had not one, but two years of preschool. She was always trying hard to keep pace with her older set of triplet siblings. We felt that she was … Read More
Four Tactics to Get the Most Out of the College Planning Process
If choosing to save for your child’s future college education needs is a priority for you, it must be included in your overall wealth management plan. I say choose because you likely have multiple financial priorities, such as retirement, taxes, or other personal savings goals, already tugging at you. Think about being on an airplane; in the event of an … Read More
Six Last-Minute Strategies to Save for College
Advising parents who haven’t started saving for college a little too late can be a very difficult conversation. Telling a student who has worked diligently over the last 3 or 4 years to get into a prestigious college or the college of their dreams that they can’t afford to go is gut-wrenching. The Cost of College is Still Increasing While … Read More
The Alternative College Savings Plan
Besides saving for retirement, saving for college is the most discussed wealth planning topic that I address when working with families. A child born in 2018 that begins kindergarten in the fall of 2023 would attend college between the years of 2036 and 2040. If that child attended an average public in-state 4-year college and if the annual price increases … Read More
