One financial goal held by many of my clients is to help pay for their grandkids’ education. This generosity can foster gratitude and family closeness. Unfortunately, it can also foster resentment and family misunderstandings. Here are some suggestions for helping with grandchildren’s college expenses in positive and supportive ways: 1. Be fair. This doesn’t necessarily […]
Tag Archives | College funding
How do you know when the cost of a college education is really worth it? A lot of factors—both financial and emotional—go into making that decision. Weighing the pros and cons can be daunting. Let’s consider a couple of examples that will help conceptualize the process of determining if a college education makes financial sense.
College graduation is obviously a cause for celebration. When the graduate is the youngest child, some parents have an extra reason to rejoice: no more tuition payments. At the end of the college years, many parents who have chosen to fund their kids’ education find themselves behind on funding their own retirement. One popular solution […]
When it comes to 529 college savings plans, the best strategy is to start early and start big. Don’t wait to set up an account until your teenager is starting to wonder which schools might offer skateboarding scholarships. These accounts are excellent vehicles to save for college, in large part because of the tax-free growth […]
High school graduation is a time of optimism and possibilities. Commencement speakers all over the country urge graduates to follow their dreams and reach for the stars. But when it comes to funding the education you need to fulfill those dreams, you might be better off with a dose of negativity and pessimism. The transition […]