Off the cuff personal finance discussions with Ian Aguilar and Scott Snider. Are you a parent considering saving money into a Florida Prepaid College Savings Plan? If so, you won’t want to miss this episode, as Ian and Scott dive into a little known fact about this type of college savings strategy.
With the onset of new data being used by colleges for admission purposes, the ability of students to attend schools of their choice from areas like Ponte Vedra has become not only more difficult but also more expensive. Read how the introduction of adversity scores has changed the landscape, and what to do because of it.
529 plans grow in popularity due to the importance of children attending college to increase their professional prospects, all while the total expense of attending college has increased at a rapid rate. Ever since the Economic Growth and Tax Relief Reconciliation Act of 2001 which birthed these plans, the usage of 529 plans has increased due to their ability to grow investments tax free and be used on qualified educational expenses without incurring any taxes for selling those investments. So, the question for most people is how do you chose one?
The most common answer as to why parents and students didn’t fill out the FAFSA is that they felt they wouldn’t qualify for any financial aid. Sadly, there are a lot of people who fall victim to this assumption and leave free money on the table that could otherwise go towards reducing the price of college tuition.
Student loans are an enticing way to cover the cost of education. With over a trillion in student debt distributed among the students of America and wages stagnating, however, the student loan picture for those seeking higher education is relatively bleak. For this reason, most students are better off avoiding student loans altogether if possible.
Adding a child to your family is arguably one of the most momentous milestones in life. After months of preparation, a little one arrives and stirs up overwhelming emotions and a great sense of responsibility. But even if you had everything organized and prepared to bring your baby into your life and your home, there are some practical steps that you need to take now that your family has grown. From hospital bills to education, a child can cost half a million dollars, so your financial strategy needs to change to keep up!
A successful football team like a successful financial plan requires a high level of synergy across the board from several different components. In football, a significant amount of coordination from all levels of the organization helps drive the collective group towards working to achieve their end goal -- championships.