by Lori Atwood | Aug 6, 2014 | College Savings & Financial Aid, Financial Fitness
You don’t want your kids to be burdened with huge loans when they graduate college. That’s great, but you cannot handle the burden of the loans either. You have to then go to your children’s grandparents for loans or gifts to relieve the monthly student loan payment...
by Lori Atwood | Jan 22, 2014 | College Savings & Financial Aid, Financial Fitness, Saving: Retirement & Other
Due to things like the time value of money, market risk and asset management fees, many qualified and unqualified college savings plans are expensive and can erode your hard earned money even if you’re doing it for all the right reasons. Let’s say your child is...
by Lori Atwood | Aug 27, 2013 | College Savings & Financial Aid, Financial Fitness
I did a Primer on 529 plans and a Pros and Cons of 529s article as well, and today we’re going to talk about a different way to save for your kids college: Coverdell Educational Savings Account (which I will call ESA for the rest of the article). Basic things to know...
by Lori Atwood | Aug 27, 2013 | College Savings & Financial Aid
I get this question a lot: How do we save for college? Well, it’s a complicated question that I hope to help answer in a series of blog posts and articles starting with my last post “what is a 529 plan?”. Today, I’m going to talk about the Pros and Cons...
by Lori Atwood | Aug 27, 2013 | College Savings & Financial Aid, Financial Fitness
You’ve just had your second child and your oldest is 2 years old. The last thing on your mind is college. Are you kidding me? You’re not even sure why you went to college when you’re up to your eyeballs in spit-up and sibling rivalry, but,...