Financing Your Future: Paying for College

For those attending colleges and universities, a tuition bill awaited them. Those become significant expenses over the course of a college career, and often leave people wondering, “How am I going to pay for this?” Thankfully, there are a number of resources available to help students and their families pay for their college education. Each resource has its own benefits and disadvantages that should be considered, and most often a student will end up using a mix of several resources.

The New Dad's Guide to Money

Are you expecting a new addition to your family? If so, congratulations! If you’re reading this and simply thinking about having your first child, I give you extra congratulations for being ahead of the game. With a two-and-a-half-year-old daughter and another due in six weeks, I can assure you this advice comes from a mixture of professional background and personal experience.

Credit Tips for Your College-Bound Kid

We’ve all seen the television commercials: the young man sporting a goofy outfit, while singing a corny song about the importance of good credit. You probably don’t need a television ad to know how important a good credit score is to your future financial success — but what about your children or grandchildren? Do they understand the concept of credit? Do you know if they’re taking the necessary steps to establish a good credit history?

Three Dos and Don’ts of 529 Plans

A 529 plan is an education savings plan designed to help families accumulate funds for their children’s future college costs. Named after a section of the Internal Revenue Code, the IRS defines 529 accounts as plans “operated by a state or educational institution, with tax advantages and potentially other incentives to make it easier to save for college and other post-secondary training for a designated beneficiary, such as a child or grandchild.”

We Taught Finance to 300 Middle Schoolers — Here’s What Happened

“Don’t grow up so fast.” If you had a nickel for every time you heard that expression throughout your childhood, you would have probably amassed quite the nest egg come adulthood. But as they say, hindsight is 20/20. Your life was probably much simpler back then; worries were small, mistakes less serious. If you knew then what you know now, would your path be different?

Can I Use My IRA to Buy Real Estate?

A common question from clients — or oftentimes from people at dinner parties — is, “Can I use my IRA money to buy real estate?” The easy answer is “yes” — the rules for IRAs allow for a myriad of investing opportunities beyond stocks and bonds and do include real estate. However, there are a number of traps for the uninformed, and several reasons why owning real estate within an IRA is not as advantageous as it may seem.


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