Navigating college planning is much like navigating life—being informed and prepared is your best strategy. If you are a family looking to support your child(ren) in their academic pursuits, here are a few key points that will help in strategically planning for the future. Time Is of the Essence When it comes to college planning, […]
In the financial world, we like to recognize the month of May for 529 plans (5/29 – get it?). Also known as qualified tuition programs, 529 plans are tax-advantaged education savings accounts that can help finance a child’s education track from kindergarten through graduate school. Please allow me to highlight five key takeaways about 529 […]
When President Joe Biden first came into office January 2021, he immediately paused the federal student loan repayments for borrowers. Due to the economic upheaval brought on by the global COVID-19 pandemic, many Americans were struggling to pay their bills and stay afloat. President Biden and Vice President Harris were very passionate about this moratorium, […]
In my last blog we got back to the basics of how to prioritize paying down debts. Of course not everything is cut and dry, and as one of my friends pointed out, “Phil, your firm focuses on investments…shouldn’t I use my money to make more money in the stock market instead? Then I can […]
Recently I was having a discussion with a friend in his mid-20’s who is working two jobs and in a very good position of low expenses and high income to maximize his debt payoff. We were discussing his opportunity to pay down his large student debt during this period and he went on to mention […]