An inheritance can be a financial windfall if you’re a beneficiary, and one of the most common ways that people use money that they’ve inherited is to help pay for college costs. However, if you’re not careful and don’t understand the assets you’re inheriting or how to manage them properly, you could end up losing a lot of money. Here is what you need to know and how to avoid the biggest mistakes with inherited assets.
college financial planners
529 Plan Investment Options: A Quick Guide for Parents
When opening up a 529 plan to save and invest money for college, you have several investment options available. In this article, we’ll take a look at typical 529 plan investment options, your choices and their potential benefits, and how your investments will work once you’ve chosen them.
THCC Episode 135 – Appealing and Negotiating Financial Aid Decisions
If you’ve had a change in income due to divorce, loss of business income, a natural disaster, or other special circumstances, you can potentially appeal a college’s financial aid decision or negotiate for more money. Hear how one parent did this successfully in my latest podcast episode. Listen now. Listen Now…
THCC Episode 119 – How to Make College Planning Easier by Working with Consultants
High school counselors often help students as part of the college planning process, but with a ratio of one counselor per 100 students, they’re limited in how much and how often they can help. This is why it’s important for parents to consider working with independent educational consultants. In this episode, we talk about working with consultants to make college planning easier, including how they can help, what you can expect, and why it’s so critical to start planning early. Read More…
