Press Your Luck

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If you’re around my age, you likely remember the 80s game show called “Press Your Luck.” One of my favorites, the contestants often shouted “No Whammies! No Whammies!”

Unfortunately, many parents today face a triple whammy…paying for (or helping their children pay for) a college education, preparing financially for their own retirement, and taking care of aging parents.

Unlike the cost of education “in the old days,” school debt has become the norm.

And more than 57% of parents state they will raid their retirement plans if it means their children will not have to face a staggering educational debt burden.

According to the financial experts, offering such help should not come at the expense of their comfortable, affordable retirement.

Be sure to have the college funding discussion early. Make sure your kids know what they need to know.

The real question is – Do You Know What You Need to Know?

Certainly, while your current family situation will affect college planning, “sticker price” should not dictate what schools and what education is available to your child.

  • Do you know how to determine what your true cost might be?
  • Do you know how to improve your family’s eligibility for financial aid?
  • Do you know how to pick the schools that will provide the greatest amount of financial aid?
  • Do you know where and how to save properly for the expenses you face?
  • Do you truly understand the options you have for financing a college education?

If you can’t respond with a confident “Yes!” to each of the above questions, we are waiting to hear from you.

Without question, you need us.

 

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