Join this session for an in-depth look at how 529 college savings plans can help meet the different needs of clients of every generation. Learn about specific strategies to engage grandparents, Gen-Xers, Millennials, and employers that will deepen relationships and spur successful relationships across channels.
The cost of education is outpacing most other personal expenses. Both parents and grandparents are searching for solutions. The college financial process is complicated and overwhelming for most families. learn the approaches and strategies to helping families make a better college decision. Upon completion of this program, participants will be able to: Understand Financial Aid PositioningImportance of cash now and debt structureProper use of college funds Grandparents role in the process
Can't Miss Takeaway:
Better understanding of the college financial outcome
Customizing a client's solution by college Maximizing families resources
Who Should Attend?
This program will be helpful for any financial planner who needs to assist families pay for college. This would include advisors who service high net-worth individuals.
www.EFCplus.com, www.ncagonline.orgBook: Financial Aid & Beyond: Secrets to College Affordability
With 10,000 baby boomers turning 62 every single day and over $6 trillion in home equity amongst your senior clients, reverse mortgages just may be the late coming Cinderella to the retirement ball that fixes the retirement crisis we are facing. However, financial advisers have long looked at reverse mortgages as the "loan of last resort," the "ugly step-sister" of retirement planning stories. In this program, we will create a major paradigm shift in your thinking and discuss how recent program changes and groundbreaking research by the financial planning industry, and noted academics, have overwhelmingly proven the necessity of using reverse mortgages at the age of 62, not 82.
Paying for college has become a major issue for most parents and grandparents. Learn how college saving plans, educational tax strategies, financial aid and student loans work together to maximize your client’s resources. Get insights into how the college financial awards letters are packaged, so your clients can minimize their cost and find the best college value.
As college prices continue to escalate, even affluent families are struggling to cover the costs when some schools are now charging $250,000 for a bachelor's degree. You will leave this session with concrete ways to help your clients with teenagers lower their college costs by becoming smart college shoppers. Youâ€™ll be able to explain to parents, for example, how they can identify which colleges and universities will be most generous to their children in advance. You will also understand how clients' investments impact financial aid, which can stress parents out unnecessarily.
Describe ways for clients to lower college costs
Explain how to identify colleges and universities that will be most generous in advance of enrollment
Discuss how clients' investments impact financial aid
Parents say paying for their children’s college education is a top financial goal, sometimes ranking ahead of retirement savings. Relatively few save in 529 plans and even fewer use prepaid tuition 529 vehicles. Private College 529 Plan is not limited by state restrictions and is an option financial advisers should consider when clients want the hope of private higher education for their children.
Please note that CE credit is only available for the live broadcast on the date and time of this event
This month's Journal contributor Joe Messinger is joined by Money Magazine education expert Kim Clark to discuss Messinger's 3 step college pre-approval plan he developed to help planners advise clients on a realistic and viable education plan. The two will share their insights on how planners and clients need to approach college planning given the current and changing financial and policy landscape. Their discussion is followed by a live Q and A, moderated by one of FPA's Knowledge Circle hosts.
Level of Competency: Intermediate
Review how to analyze student loan costs and financial aid eligibility to advise clients on college planning budget
Compare and analyze changes in financial aid, education savings vehicles and tax implications, as they relate to client's education plan
Discover and apply a 3-step process to calculate the gap between client savings and real cost of financing their college education goals.