I like Stahler the cartoonist from the Columbus Dispatch. On August 5 his cartoon dealt with several financial issues. College finance, gambling, and the new KENO game from the lottery.
This cartoon has two college students looking at KENO Tickets. One asks the other how did you pick your 10 numbers. The second replied its how much he owed on one college semesters tuition. Very funny and scary too!
I am not a big fan of Lottery programs. They promise great things for education but the states schools have not gotten significantly better. Any of the lottery funded education $ have been counter balanced with a reduction in state funding from general revenues or at least thats how it looks to me. Net benefit is almost $0. A couple of people get instantly rich and often end up almost broke within 2-3 years. The companies and departments that run the Lotteries are the biggest beneficiaries. Many people who can not really afford to play spend way too much money on lottery tickets. It is different if someone with significant cash flow decides to spend $5 on lottery tickets for entertainment value.
College funding is really important and many people need some help with it.
We put together college saving strategies that work. It is a combination strategy, save more tax defer the interest earned, guarantee a reasonable rate of return on the funds committed.
Many times, we can also improve a families eligibility for college financial aid.
We can help!
www.columbusfinancialplanningpros.com
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