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College Funding

College costs continue to increase, although the rate of increase has slowed.   Every fall, the College Board releases updated figures for college expenses.  Here are the numbers for the current school year, 2017-2018: In state Public College and Universities Out of State Public College and Universities Private College and Universities 2 year Public Colleges Tuition $9,970 $25,620 $34,740 $3,570 Room...

60 and Life is Good!

The “Golden Years” have arrived, a bit too quickly, but here you are!  Now is the time to enjoy the harvest of all of your previous efforts:  family, lifestyle and perhaps some wealth.  Thirty years ago, this was imagined to be a carefree situation: travel, enjoy life with your partner, be involved with activities that you desire to be involved with; no longer burdened by tasks that felt more like obligations!  Many...

Annual Financial Review

Medical professionals suggest an annual checkup. Mechanics recommend regular auto maintenance. Shouldn’t your financial life have an annual checkup or tune up? Please take some time every year to self examine your financial situation. You can do this on your own or with the help of your professional advisors. Items to be reviewed and some details to analyze include: Cash Flow & Debt Management Verify adequate cash...

Credit Cards

Too many American families are burdened with credit card debt.  The average credit card debt per resident adult in the USA according to the G19 report , from the Federal Reserve on consumer credit in October 2015 was $3,766, another increase. Most important, is the story behind these statistics. And that story is the opportunity cost associated with credit card debt.  Quite simply the opportunity cost, which I believe is...

Forty somethings

You have hit your stride: established in your career, home and family.  When you think of all the tasks you are carrying, you may be tempted to add “juggler” to your resume!  Certainly when it comes to personal finances, you have many balls in the air: retirement, mortgage, college funding, budgeting and perhaps even some estate planning.  What is a person to do? Take your time and instead of being overwhelmed by all...

Fifty!! That’s too fast!

WOW! How did I get to be 50?  Life has become a blur.  My parents were right – the older you get; the faster the clock runs. Now the question may become, is there enough time left?  The answer is yes, and action is imperative. Goals for Fifty-somethings include: Increase retirement fund contributions If you have not done so already, identify and implement  the allocation plan for your retirement assets. Plan the...