by Michael Lecours | Mar 8, 2018 | Saving for College, Student Loans
February’s issue of the Journal of Financial Planning included a flowchart I developed a few months ago to help guide clients through the rules around taking distributions from 529 Plans. Here is a link to the flowchart if you have questions about how 529 plans...
by Michael Lecours | May 18, 2017 | Economy, Saving, Saving for College
With all of our clients who have children, planning for college expenses is the one of the biggest concerns that keeps them up at night. Retirement planning may be a bigger issue in the long term, but the children will be going to college a lot sooner than their...
by Michael Lecours | Oct 31, 2016 | Personal Development, Saving for College, Uncategorized
What should you do if you have extra money in a 529 College Savings Plan? Perhaps it’s left over funds used to pay for a child’s education or perhaps the child has opted not to go to college. The common options are to change the beneficiary (to a different child or...
by Michael Lecours | Oct 14, 2016 | Finding Confidence, Investment Behavior, Retirement, Saving, Saving for College, Uncategorized
“ I want to save for retirement, but I can’t afford to do so right now.” This is a common complaint we hear, especially with our younger clients. They are dealing with debts, saving for their children’s education, and even helping to take care of their aging parents....
by Michael Lecours | Aug 1, 2016 | Saving, Saving for College, Uncategorized
Someone can reach an ambitious financial goal (such as saving for college education) despite having limited cash flow available to fund the goal. The goal can be accomplished by using a creative saving strategy called a serial payment. Many clients that I have worked...
by Michael Lecours | Jul 30, 2016 | Saving, Saving for College, Uncategorized
In a recent post, I argued that there is a flaw in the most common approach saving for a big goal like college education. I argue that in some cases, saving for a goal should be done the way you would if you were to begin training for a road race. If you begin to...
