Business
This week I sat down again with Beth Greulich, CFP® to talk through how to financially plan for your kids to go to college and some tricks along the way. Beth is a Certified Financial Planner™, Certified Divorce Financial Analyst, and Partner at Abacus. After a career in market research, she took some time off to raise a family. As she considered what to do next, she was driven by the memory of her grandmother and her desire to help others who lacked confidence with their money management skills. As a financial advisor, she works closely with her clients, many of whom are women, to develop a unique and personalized financial plan that solves their specific needs. It’s extremely important to her that each of her clients clearly understand and can visualize the different paths/options that lead them to their financial independence. There are many forks in the road of life, so it’s important and extremely empowering to understand the long-term impact of each decision along the way. HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE: The main concern people have around funding education for their children The first step in planning for college for your kids When to start exploring college campuses The importance of exploring college interests early The best time to open a 529 plan What it looks like to set up a 529 plan before your child is born Where a college fund should rank on your financial priorities What should be funded before the college savings account Considerations when thinking about college financial aid The most important things for kids to keep in mind while in college When to speak to your kid about financial aid available for college How subsidized and unsubsidized loans can come into play The amount of loan a student can take before having a cosigner How to help your children feel empowered when making college decisions Shop around and negotiate! Here’s how How to financially plan for college if you’re unsure if you child will even attend What to do if you have a surplus in your 529 plan GET SOCIAL WITH BETH AND LET HER KNOW YOU HEARD ABOUT HER HERE Abacus Website Beth’s e-mail Abacus Facebook Abacus Twitter Abacus LinkedIn