Friday in the USA Today Newspaper Money section there was a short piece about Financial aid policy experts fears that the system is too complicated for many families to even consider or navigate. It is true that the system is complicated. They would like to eliminate the complicated FAFSA Application I do not believe that they will be successful. When has the government ever simplified anything related to Taxes or income? I believe they would be lucky to shorten the form. If it gets to simple than the colleges will probably institute their own forms which would mean many conflicting forms and systemss and that could acttually make the process MUCH MORE COMPLICATED. Right now its obligatory just for the government programs but most private funders use it as the basis of their decisions as well. I do not believe that that would continue to be the case if they eliminate or overly simplify this current application process.
There are people or companies like ours that can help families navigate the process and even estimate what the financial aid picture will look like under the currents situation. We can even help a family determine not only what they are currently eligible for but we can also help determine what we might be able to reduce it too by making some legal changes to a family's financial picture. It only takes a bout 10 to 15 questtions to analyze or estimate the current situation and then we can do a series of what if analyses to determinge if we can improve on that current sitiation. The estimate of current eligibility is done at no cost and the what if analysis is an option.
How can we help you?
www.columbusfinancialplanningpros.com
Showing posts with label College finance. Show all posts
Showing posts with label College finance. Show all posts
Saturday, September 20, 2008
Wednesday, August 6, 2008
College financing and Keno Cartoon
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
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
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
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