Paying for College

March 17, 2016

Planner: Michael via 1 on 1 Consultation

Problem: He was really stressed about how to simultaneously pay for his son’s college education while saving for retirement.

Suggested Action Steps: We talked about lowering his 401k contribution from the maximum (18k/yr) to 6% to capture his company’s match, and then using the extra cash to pay for part of college.

Results: His cash flow improved and his son got a partial academic scholarship. Now he will be able to pay for college and have absolutely no impact on his ability to retire comfortably.

Testimonial: “Peace of mind. It was the best hour I ever spent with a Financial Consultant. I was offered a great roadmap for paying college tuition for my children, in addition to outstanding advice for future investments.” – Guy M.