Should Parents Save Towards College or Retirement?

Parents saving for college

Many parents find themselves in the predicament of having to choose between saving for college for their children or retirement for themselves. The family may even be on one income because they feel that quality time with at least one parent is important while the children are young, and therefore hard choices have to be [...]

Dave Ramsey and the Debt Snowball Strategy


Dave Ramsey is a popular and sometimes controversial personal finance talk show host. He is looked up to by thousands all across the country for his practical advice, and especially for his unique ability to encourage and motivate people to get out of debt. While, of course, we wouldn’t endorse everything Dave–or any other person–says [...]

Clark Howard Says Beware of Private Student Loans

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Last week, Clark Howard reported a scary potential “gotcha” with a private student loans: “Picture this: You’re paying on your student loan as agreed and suddenly your grandparent or parent who co-signed the loan dies. Do you get a temporary forbearance or a note of condolence from the lender? No. According to the Consumer Financial Protection [...]

Is College Worth It?

Source: Huffington Post

The cost of a college education continues to increase faster than just about anything else these days, and a generation of college graduates are still having trouble finding jobs in their chosen fields. Many of them are still working multiple part-time jobs or moving back in with mom and dad just to make ends meet. [...]

How to Graduate Debt Free

Source: Corbis

As we have conversations with clients about the high cost of sending their kids to college, one of the things we try to point out is that if you are willing to work at it, there are ways to drastically cut the “ticker price” of a college education. If you are willing to go in-state, [...]

What’s Really Immoral About Student Loans


As someone that will have three children in college in the fall, I am, as you can imagine, quite sensitive to the rising cost of higher education. In the news today, Congress is debating whether to allow interest rates on student loans to go up, but  I would argue that is not the real issue–the [...]

Should Your Teenager Get a Summer Job?


source: Recently, Jon Houk had a discussion with a client about planning for college for high school age teenagers, and since Jon has three college age kids of his own, you might say he speaks from some personal experience. One of the things he suggested was to look at doing SAT prep work in the summers. [...]