Essential Documents for the College-Bound

Essential Documents for the College-Bound

It’s the time of year when our esteemed adolescent Americans return to their homeland: college. Some of them are going for the first time, and their parents are going absolutely insane trying to cover all the bases for the dorm room. But there are some other things...

529 Plans 101

Right about now young couples across the region are trying to figure out what to do with all the gift money their kids received. Many simply stick it into bonds and savings accounts, but there is a tax-advantaged way to hold on to more of that money — if you intend to...

How to Talk to Your Young Adult Children About Money

Whenever we talk to our young adult children about money, it’s a good idea for us to be careful about what we say and how we say it. For starters, don’t come off as bossy or tell them what to do—because they may do the opposite just to spite us. At the same time,...

Strategies for Surviving Student Loans

I rarely get calls about student loans, but last week I received two in one day. Call #1 was from a financial advisor who wanted to talk about one of his clients. The client had contacted him out of exasperation at her children’s dire economic straits, which were...

College Credit Card Debt

Like everything, there is a time and place for using credit cards. They allow students to build up their credit scores, as long as they can steer clear of potential risks. Anyone should be leery of anything offered as free, to pay later. Especially impulsive college...