A look at grants, scholarships, 529 plans, and other methods. How much could a college education cost in the 2030s? You may want to take a deep breath and sit down before reading the next paragraph. A MassMutual analysis projects that four years of tuition, room, and board at a private college will cost nearly $369,000 in 2031. An article at CNBC offers a slightly … [Read more...] about Ways to Ease the Cost of College
Financial Planning
The Move Toward Fee-Based Advisory Accounts
Why financial professionals are changing their business models. A major shift has occurred in the financial world. More and more financial professionals have moved away from the industry’s traditional compensation model to a new one – in the eyes of many of them, a better one. Increasingly, financial professionals are introducing their clients to fee-based accounts. Thi … [Read more...] about The Move Toward Fee-Based Advisory Accounts
Save & Invest Even if Money Is Tight
For millennials, today is the right time. If you are under 30, you have likely heard that now is the ideal time to save and invest. You know that the power of compound interest is on your side; you recognize the potential advantages of an early start. There is only one problem: you do not earn enough money to invest. You are barely getting by as it is. Regardless, … [Read more...] about Save & Invest Even if Money Is Tight
Build Your Rainy Day Fund
Like an emergency fund, it can come in handy. Sometimes, life gets expensive. A little bad luck or a twist of fate can hit us right in the checkbook and challenge us to live within our budget. An emergency fund may help us handle major financial disruptions. For the minor ones, a rainy day fund may suffice. A rainy day fund and an emergency fund differ in scale, but not … [Read more...] about Build Your Rainy Day Fund