Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.
– Paul Samuelson
Boring is good!
Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.
– Paul Samuelson
Run out of money or run out of lifestyle?
This is why some people say retirees really don't ever run out of money. But they certainly do run out of lifestyle. And if the backup plan is to rely upon Social Security...well...at least you'll always have "some" money coming in.
College as "practice" for life
The points in this article don't just apply to liberal arts colleges. This is why going away to college is an important factor in your student's future success.
And why "fit" is so important!
It's a zero sum game
Come see me tomorrow night at ML Shaw's Country Kitchen for my final public workshop this Fall on College Financial Aid.
It is complicated. It is a "game", as people often say. But there's no way you can win a game if you don't even know the rules.
So if you want a chance to "win" and maximize your aid eligibility, then you need to attend this workshop. We'll be going over the rules - and strategies - to help put your kid through college without going broke!
By the way, most high schools will host a college financial aid night, typically offered by MA Educational Finance Authority. They do a great job of presenting information - I highly recommend you go. They will tell you the basics.
What they will NOT tell you are the strategies to get more aid. That will NEVER come out of the presenter's mouth!
But I'll share those strategies at this workshop.
https://www.facebook.com/events/1587761434859178/
Tues, 9/27
630p - 800p
ML Shaw's Country Kitchen
14 Loon Hill Rd
Dracut MA
It is complicated. It is a "game", as people often say. But there's no way you can win a game if you don't even know the rules.
So if you want a chance to "win" and maximize your aid eligibility, then you need to attend this workshop. We'll be going over the rules - and strategies - to help put your kid through college without going broke!
By the way, most high schools will host a college financial aid night, typically offered by MA Educational Finance Authority. They do a great job of presenting information - I highly recommend you go. They will tell you the basics.
What they will NOT tell you are the strategies to get more aid. That will NEVER come out of the presenter's mouth!
But I'll share those strategies at this workshop.
https://www.facebook.com/events/1587761434859178/
Tues, 9/27
630p - 800p
ML Shaw's Country Kitchen
14 Loon Hill Rd
Dracut MA
Is he talking about the stock market or real estate market right now?
Every once in a while, the market does something so stupid it takes your breath away.
– Jim Cramer
Keep your chin up parents!
For parents who are trying to save for college...
Some great tips by my friend Jason Haviland of J. Bradford Investments. All 3 are valid, but I particularly like #2. Everybody has to be on the same page!
How much debt do you want your student to have?
It's an interesting look at the expectations of parents, and probably not surprising that the young parents - who likely have a lot of student debt themselves - want the least amount of debt for their kids.
http://www.bloomberg.com/news/articles/2016-08-25/how-millennials-hope-to-spare-their-kids-student-debt?cmpid%3D=socialflow-twitter-business
http://www.bloomberg.com/news/articles/2016-08-25/how-millennials-hope-to-spare-their-kids-student-debt?cmpid%3D=socialflow-twitter-business
Upcoming Financial Aid 101 workshop
Did you miss this workshop last week?
If you have a student high school age or younger, you don't want to miss this. We'll go over the rules of financial aid, strategies for saving and getting more aid, and tips that financial aid officers WILL NOT TELL YOU!
https://www.facebook.com/events/1587761434859178/
Tues, Sept 27th
630p - 800p
M.L. Shaw's Country Kitchen
14 Loon Hill Rd, Dracut MA
Light refreshments will be served.
It doesn't cost as much as you think!
September is Life Insurance Awareness Month!What do you think your loved ones would prefer? A past client once was very resistant to getting insurance. He was the primary income earner while his wife was in school. No kids, but they had just purchased a new big house, nice cars, and they had plenty of debt.
When I told him how much insurance would cost per year - around $300/yr for 20 years, $500k term, he balked at the price. But he was very proud of his new tool set he purchased for $400!
I asked the wife that if the husband pass away, what would she rather have - a $400 tool set or a check for $500k so she could pay off their house and debt so she could continue to live there.
What do you think she said?
Life insurance doesn't cost as much as most people think.
Here's a great tool to get pricing from lots of top companies so you can see just how inexpensive life insurance can be!
https://www.term4sale.com/
I don't know any...do you?
How many
millionaires do you know who have become wealthy by investing in savings
accounts? I rest my case.
– Robert G. Allen
Leave a legacy, or just don't leave a bill
Often, my clients aren't that interested in leaving a legacy - much as the trend in this chart suggests. But what ALL of clients say is that they certainly don't want to leave a bill!
Life insurance can help here. And we're not talking about leaving a million dollars, but insurance can provide the quick liquidity to pay final expenses and other needs.
I've also heard that people will say that the Executor or spouse can just use the money in the deceased's bank account. If that account isn't titled properly, you're looking at months - yes, months! - before you're allowed to access the money.
And the funeral home wants to get paid. And a body laying around that long can get kind of messy...
I heard of a case - seems extreme but could be common - that a family had their relative cremated. But the funeral home held on to the ashes until they get fully paid. So the family didn't have a proper burial for quite a while until they could pay the bill!!!
What do you think? Are you interested in leaving a legacy or just not leaving any bills? Share your thoughts below!
You can't win the game if you don't know the rules of college financial aid!
If you have a high school student or younger, I hope to see you tomorrow night! Join me and the A.M.S.I. Foundation for a workshop on college financial aid.
Thurs, 9/15
630p - 800p
Chelmsford Public Library
You can't win at the game of financial aid if you don't know the rules!
It's FREE to attend! Register now!
https://www.facebook.com/events/260996260965453/
Thurs, 9/15
630p - 800p
Chelmsford Public Library
You can't win at the game of financial aid if you don't know the rules!
It's FREE to attend! Register now!
https://www.facebook.com/events/260996260965453/
This is an extreme case, but I'm glad I don't live in NJ.
Students loan collection to the extreme!
Though MA cancels loans if the borrower dies, that doesn't necessarily happen if there is a co-borrower like a parent. Good reason why even recent college grads may want to get life insurance, so the parents don't get stuck with a big student loan bill.
What are the types of life insurance?
September if Life Insurance Awareness Month!
To the average person, life insurance is...um...boring.
But it's an important financial tool - even for young recent college grads. Not only can life insurance help provide money to a family losing a loved one, but it can also be an important wealth building tool!
What kind should you get? Well, here's a quick read guide to the different types.
Financial Aid 101 - Know the Rules to Win the Game!
Thursday, September 15th, join me and the A.M.S.I. Foundation in presenting Financial Aid 101 - Know the Rules to Maximize Aid!
I will be presenting at the Chelmsford Public Library from 6:30p - 8:00p.
If you are a parent of a high school age student or younger, you need to be at this event!
Click on this link for details and to sign up!
https://www.facebook.com/events/260996260965453/
I will be presenting at the Chelmsford Public Library from 6:30p - 8:00p.
If you are a parent of a high school age student or younger, you need to be at this event!
Click on this link for details and to sign up!
https://www.facebook.com/events/260996260965453/
Your college search can begin with these!
For parents of high school juniors and seniors...I'm sure your student may already hear about these college fairs, but if you have a chance, GO!!!
First one is this Sunday, 9/11 at UMass Dartmouth.
First one is this Sunday, 9/11 at UMass Dartmouth.
September is Life Insurance Awareness Month!
Nobody likes the think about it, but at it's core, life insurance is meant to provide money to loved ones when a breadwinner passes away.
Today, it seems that a lot of people tend to use other means to put loved ones to rest. But do you really want to rely on strangers to raise money?
Sometimes it works, sometimes it doesn't. These GoFundMe campaigns raised a little, but life insurance could have provided so much more.
And it's cheap! And you don't have to be perfectly healthy to qualify.
To see how much you might need, use this calculator from the LIFE Foundation.
Well that didn't last long...
It seemed like a decent deal though with 2 companies that really had nothing to do with each other.
Oh well..you'll just have to your student student loans and free shipping separately!
Seems appropriate as the kids start another school year!
An investment in knowledge pays the best interest.
– Benjamin Franklin
How much do you need?
Where are you on this chart? Are you on track to get there?
Source: Insured Retirement Institute, “Boomer Expectations for Retirement" survey.
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