Since 2001 College costs have risen by well over 50-60% The most expensive Colleges now cost $50,000 per year in room and tuition. It is obviously higher when you factor in food, transportation, entertainment and books. Ouch!! This is for undergraduate programs.
Need Based Federal loans and grants are available to help pay for college
Federal Money comes in several forms. Grants do not need to be repaid.
Loans need to be repaid unless you qualify for an exeception. The most notable exception is the Public Service Loan Forgiveness Program. Students willing to commit 10 years to a qualifying Public Service Job may be elegible for forgiveness of their remaining federal subsidized student loans. This won't waive private loans or bank loans.
Pell Grants are for Low income students and do not have to be repaid because they are a grant. The maximum available is currently $4,731 per year.
Student going into teaching careers may be eligible for an additional$4,000 per year in federal grants.
Stafford Loans are need based federal loans. The good news is the interest rates are set to drop to 6.0% for the 2008-2009 school year. Maximum loan amounts are on a sliding scale starting at $3,500 for freshman and as much as $5,500 for college seniors. Up front loan origination fees of 2% of the loan amount are required.
One of our many services involves helping families increase their eligibility for need based aid.
www.columbusfinancialplanningpros.com
Sunday, June 29, 2008
Friday, June 27, 2008
Current Best Rates Available
June 27th 2008 Subject: _____________ Current Top Interest Rates Available
Bank CD rates are Dropping. Why? Our Best rates are increasing!
We specialize in Risk Free SAFER MONEY financial products
A possible retirement strategy for a portion of your nest egg
with a 10 year product you could withdraw 5.6% per year for 10 years and still be guaranteed
to have as much at the end of 10 years as you contributed day 1
Example 1 Contribute $200,000 day one
On anniversary date year 1-10 withdraw $11,000 per year. This equals $110,000 withdrawn.
Then Walk away with over $200,000 guaranteed!
Then we could take another portion of your nest egg and put it in a tax deferred vehicle and just let it grow for 10 year
Example 2 Client currently 45 yr old
$200,000 growing tax deferred for 10 years = Income account Value $400,000
$200,000 growing tax deferred for 20 years = Income account Value $800,000
then at age 65 take the $800,000 and turn it into a lifetime income you cannot outlive!!
Our best fixed rates are increasing
For $25,000 and up
5 year guaranteed rate 5.2%
6 year guaranteed rate 5.3%
10 year guaranteed rate 5.6%
Also offers 10% liquidity per year penalty free after year one
Earning grow tax deferred
Inquire about Product availability in your state
How can we help you?
All products offered are only offered after review of product suitability for your needs, consumer brochures and appropriate disclosures
Contact us by visiting our website
www.columbusfinancialplanningpros.com
Bank CD rates are Dropping. Why? Our Best rates are increasing!
We specialize in Risk Free SAFER MONEY financial products
A possible retirement strategy for a portion of your nest egg
with a 10 year product you could withdraw 5.6% per year for 10 years and still be guaranteed
to have as much at the end of 10 years as you contributed day 1
Example 1 Contribute $200,000 day one
On anniversary date year 1-10 withdraw $11,000 per year. This equals $110,000 withdrawn.
Then Walk away with over $200,000 guaranteed!
Then we could take another portion of your nest egg and put it in a tax deferred vehicle and just let it grow for 10 year
Example 2 Client currently 45 yr old
$200,000 growing tax deferred for 10 years = Income account Value $400,000
$200,000 growing tax deferred for 20 years = Income account Value $800,000
then at age 65 take the $800,000 and turn it into a lifetime income you cannot outlive!!
Our best fixed rates are increasing
For $25,000 and up
5 year guaranteed rate 5.2%
6 year guaranteed rate 5.3%
10 year guaranteed rate 5.6%
Also offers 10% liquidity per year penalty free after year one
Earning grow tax deferred
Inquire about Product availability in your state
How can we help you?
All products offered are only offered after review of product suitability for your needs, consumer brochures and appropriate disclosures
Contact us by visiting our website
www.columbusfinancialplanningpros.com
Thursday, June 26, 2008
Estate Planning Study
USA Today June 24, 2008 Money Section
They reported today that approximately 1 in 4 Family owned Business owners do not have an estate plan in place. Actually, every one has one, its either one that you set up to best serve your needs and goals or it is one set up by the government to maximize taxes and probate fees. Thats the bad news. The true key question is which would you rather have?
The good news is that approximately 3 in 4 have some sort of plan in place. Which side are you on? Even if they have one, how recently has it been reviewed? If you would like some help contact us!
The most common stated reasons listed for not having one are
Complexity- Too difficult 55%
Not enough time to implement 24%
Mistakenly believe they don't have a need 17%
Too expensive 4%
The truth is all of these are just poor excuses. They do not have to be outrageously complex or massive time sinkholes. Costs in many cases are relatively modest.
What about business continuation planning? What happens when one owner dies?
We can help in all of these areas and more.
Please feel free to contact us or visit our website.
www.columbusfinancialplanningpros.com
polarisfinancialservices@gmail.com
They reported today that approximately 1 in 4 Family owned Business owners do not have an estate plan in place. Actually, every one has one, its either one that you set up to best serve your needs and goals or it is one set up by the government to maximize taxes and probate fees. Thats the bad news. The true key question is which would you rather have?
The good news is that approximately 3 in 4 have some sort of plan in place. Which side are you on? Even if they have one, how recently has it been reviewed? If you would like some help contact us!
The most common stated reasons listed for not having one are
Complexity- Too difficult 55%
Not enough time to implement 24%
Mistakenly believe they don't have a need 17%
Too expensive 4%
The truth is all of these are just poor excuses. They do not have to be outrageously complex or massive time sinkholes. Costs in many cases are relatively modest.
What about business continuation planning? What happens when one owner dies?
We can help in all of these areas and more.
Please feel free to contact us or visit our website.
www.columbusfinancialplanningpros.com
polarisfinancialservices@gmail.com
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