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College Planning

Tending your financial garden: How hard work today will let you flourish when it counts

So much of gardening is the hard work and growth that takes place underneath the soil — feeding and nurturing our plants so they can build strong roots that will sustain them long after our work is done, allowing us to sit back and enjoy the fruits of our labor. Nobody ever comments on the roots, on the quality of the soil, or on the weeding we did that gave them room to grow. All they see is the beauty that lives above the dirt — the finished product.

Five tips for preparing your 2022 taxes

As tax season approaches — the deadline is April 18, FYI — it’s important to start thinking about your tax plan. Whether you file on your own or use a tax professional, here are a few things to consider as you prepare for tax season.

Your Financial Personality

As everyone is thinking about financial perspectives and priorities during the first weeks of the new year, we encourage client couples and families to ask themselves a few lifestyle and values questions that will help them determine their approach to money – and help us in going over their budgets and goals. No two clients are alike, and lifestyle goals are as varied as the people we work with.

My Best Piece of Financial Advice

A teacher friend of mine recently asked me a question. She does something in her classes she calls Financial Fridays, where she talks to her high school students about a useful financial topic each week. (I wish more teachers would do this!). She wanted to know the number-one piece of advice I would give to a person just out of high school to set them up for future financial success. 

Fall Financial Fitness

For many people, the start of fall corresponds with the day the kids go back to school. But for others, we know what really signals the start of fall: football season! Of course football also brings with it the need to plan for tailgates, time with family & friends around the TV cheering on your favorite teams, and any number of other vital social gatherings. 

Choosing & Paying For College: Things to Consider

For all of you entering college for the first time this month, and for all you seniors leaving high school this spring (including mine!!), this is for you! We know you’re feeling the pressure of not only choosing where you will go to college, but what you’ll pick to major in. These decisions would be daunting at any age, but at 18, well, it’s a lot. I know many of you will say you’ll go to whatever school will have you and give you the best financial package, but let’s take a step back for a moment and talk about a few personal development questions. 

6 Common Questions About Paying for College

When it comes to paying for college, we generally see three distinct points of view from our client families. Some come in and say, “Hey, I paid for my college by working and saving, so my kids should do the same.” Others take a similar approach but offer a reward of some kind, whether help with a down payment on a home or assistance paying for graduate school, once the child has worked his or her way through school. The third approach we see are the parents and grandparents who want to pay for all aspects of their children’s college, either because their parents didn’t or couldn’t pay for theirs and they remember how tough that was, or because their parents did and they want to do the same thing for their kids. 

When Kids Leave Home

In normal times, May and June are when you see moving vans that signify kids moving out of their dorms and into summer apartments, and U-hauls picking up basement furniture that will now be the best piece in the place. This rite of passage has been short-circuited this year of course, but there are plenty of parents whose kids will be leaving home with a year or two.

Life’s Changes Are Still Happening

For those of us in Central Kentucky, this week marked the end of the 2020 school year for the majority of our kiddos. If you’re like me, you may be having a mini-celebration that you don’t have to play teacher anymore – at least when it comes to school work.

Important Changes to 529 College Savings Plans

Now that we’ve all survived prom season and all the hoopla that comes with that, soon enough we’ll be in the midst of graduation season, with caps & gowns and parties and first jobs. While the kids are happy to be graduating, all you parents out there will be thinking about the next tuition bill coming due as another kiddo heads off to college.

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