Higher Education Planning: 529 Plans, Funding Options and Career Paths

Going to college is a goal for many students graduating high school.  According to the U.S. Bureau of Labor Statistics, “In October 2017, 66.7 percent of 2017 high school graduates age 16 to 24 were enrolled in colleges or universities. Among persons age 20 to 29 who received a bachelor's degree in 2017, 77.6 percent were employed.” The full realization of how much college costs may only be fully grasped after receiving an acceptance letter. Unfortunately, unless financial planning starts years earlier, many students’ dreams may be dashed, or cumbersome borrowing could become a burden that follows them for years to come.

Saturday, August 04, 2018/Author: H. William Wolfson/Number of views (264)/Comments (0)/ Article rating: No rating
Categories: Students

Lulled Into a False Sense of Security

Finding and Communicating Effectively with Financial Advisors

Less than 50 percent of the U.S. population consult and hire a financial consultant. There is a myriad of answers for why this may be. Those who do work with a financial professional have an expectation of certain results. If the goals are realistic and not achieved within a given time period, a client should obtain a clear explanation as to why discussed benchmarks were not reached. Additionally, a planner should convey concise and easily understood explanations of any suggested changes going forward. There are times where nothing should be done. Open communication is an essential part of the financial planning process.

Thursday, May 03, 2018/Author: H. William Wolfson/Number of views (504)/Comments (0)/ Article rating: No rating

Wills, Trusts and Other Estate Planning Options

Estate planning is one of the most common topics of discussion between financial planners and their clients. The first step toward ensuring that the wealth you build and enjoy during your lifetime will enhance the lives of your children or other recipients for decades to come is having a basic understanding of the options available to you for distributing your assets after death. 

Tuesday, January 30, 2018/Author: H. William Wolfson/Number of views (975)/Comments (0)/ Article rating: No rating
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