Estimating the Cost of College
It doesn’t take a degree in finance to see that the cost of college continues to rise. In its 2023 report, the College Board showed that in-state tuition and fees at private non-profit four-year institutions increased by 5% in inflation-adjusted dollars between the 2013-14 and 2023-24 school years.1 For many families, the lion’s share of […]
Financial Aid for Students 101
Preparing for college while still in high school can be difficult for even the most academically-minded student. These days, you need to excel in the classroom, make sure you’re involved in extracurricular activities, and enroll in challenging classes to impress a college admissions board. On top of that, the financial cost of higher education may […]
Debt Stress
The average American owes $59,580 in debt. Of that $59,580, $41,830 is from mortgage debt, $5,640 is from student loans, and $5,470 is from auto loans. Little wonder that money worries can be a major cause of stress.1 The Link Between Stress and Health Humans have an innate response called “flight or fight.” It is […]
Starting a Roth IRA for a Teen
Want to give your child or grandchild a financial head start? A Roth IRA might be a choice to consider. Read on to learn more about how doing this may benefit both of you. Rules for setting up a Roth IRA. If your teen has an earned income, you may be able to set up a […]
SECURE Act 2.0: An Overview
In the final days of 2022, Congress passed a new set of retirement rules designed to facilitate contribution to retirement plans and access to those funds earmarked for retirement. The law is called SECURE 2.0, and it is a follow-up to the Setting Every Community Up for Retirement Enhancement (SECURE) Act passed in 2019. The […]
What Can You Buy With 529 Distributions?
Some of the biggest challenges many face when it comes to education are financial. Luckily, a 529 college saving plan can help. And they’re not just for college anymore – added to the tuition eligibility are K-12, private and religious schools. These funds can also be used for four and two-year colleges, trade schools, graduate […]
College Savings
College Savings It is never too early or too late to plan for your child’s education. If you’re looking for smart ways to invest in your child’s educational future, there are several effective savings vehicles that can help you make more of the money you save now to achieve this goal. 529 Plans A 529 college […]
Why the Cost of College Education Is Increasing
It’s no secret that college—like just about everything else—is more expensive than it has been in the past, but why is this the case? There are a handful of factors that play their own roles, so keep reading to see what’s really going on. Competition Between Colleges College has become more expensive than ever before, […]
Understanding the Increasing Costs of a College Education
It’s no secret that today’s colleges are substantially pricier than they were in the past, which is a factor to consider when it comes to retirement planning. Economic inflation and recession, competition between schools, and student loan debt all contribute to this spike. Read on for an understanding of the increasing costs of a college […]
Smart Financial Resolutions for 2017
There’s no time like the present when it comes to saving money and securing your financial future. You might want to start 2017 with retirement planning, cracking down on outstanding debt, or considering your children’s education. Keep reading for a few smart financial resolutions for 2017. Think About Retirement People who have told you that […]
