The college admissions and financial aid process is a 'game' with the advantage going to the player who understands all of the rules--that's typically the college!
Likewise, planning for your retirement can be just as challenging. While most people simply focus on "accumulating" assets, Those who study retirement realize it may be more important to develop an "income" plan that lasts as long as you do.
Creating strategies to not only reduce your out-of-pocket college costs as much as possible, but also developing a plan to fund your share without blindly taking out student/parent loans, or draining all of your assets...So you'll be able to reach your own financial goals.
Most people don't realize that it's not about having the biggest pile of money, but instead creating a plan to insure that your nest egg lasts as long as you do.
The "accumulation" strategy that has served you well up to this point will likely need to change in order for you to have a successful "decumulation" strategy that can last throughout retirement.
you have a college-bound student and you plan on playing any role in funding their education, you’re going to want to learn how to play the college planning “game”. That’s because there are two prices for a college education. One price for the informed and a higher price for the uninformed. Which price would you prefer to pay?
College planning is NOT just about saving for college. It’s about implementing a variety of college cost REDUCING strategies that may save you significantly on your college costs. At Insight, we accomplish this with a two-pronged approach: Student Positioning and Financial Positioning. Scroll down to learn more.
Director of Planning