College Savings – TGIF 2 Minutes with Kerrie Debbs, CFP

Mid-Year is an important time to review several significant saving and spending decisions, possibly affecting taxes too. There are slightly over 6 months remaining in the tax year – enough time to make a meaningful difference. Consider:

Amounts being deferred from compensation pre- or post-tax into 401k and other retirement accounts (and whether to max out?)
Savings goals versus reality
Savings goals in need of formation from scratch
College savings account contributions
Creating and funding Trusts

These and other important decisions can be evaluated and adjusted with just over half a year remaining to accomplish goals or mini-goals.

Continue reading “Mid-Year & Critical Decisions”

College is expensive. As with all expensive things, planning and talking through plans – even hopes and dreams – can make the situation more affordable in the long run.

Case in point: paying for college. Back in the 1960’s, 70’s and 80’s when a lot of the people reading this note went to college, college was mostly affordable depending on the choice of schools. The most expensive colleges and universities cost less than $15,000 or $20,000 per year (definitely, in the 1960’s and 1970’s). Although families still struggled to pay the cost for college in lots of cases.

person writing debt on paper — Talk with your kids about debt and its implications well before they start college.

Continue reading “The Cost of College”