Everything You'll Need to Succeed This Year

 

By Gary Silverman, CFP®

If you read this column today it likely will have no effect on your life. Instead, cut out or print this column so that you can use it later. Whether it does any good then or not, it’s at least worth a try.

It’s a New Year! Time for those resolutions.

Read More

Ways to Increase your Income

By Gary Silverman, CFP®

Last time I wrote about how your savings are really just the mathematical result of your income less your expenses. The idea I proposed was that in order to save more, you need to concentrate on expenses. This week I’d like to take a brief look into the income side of things.

Read More

Three-tiered investment planning

By Gary Silverman, CFP®

Yogi Berra once said, “If you don’t know where you are going, you might wind up someplace else.” To get to the place you want to be in your investing, this week, you have to look at your goals.

Many people invest money for reasons that have no true meaning for them. If instead you began by focusing on what matters to you in life and ensure that your priorities (goals) are consistent with those matters, then your investments will, in turn, support what is truly important to you.

Read More

Collegiate Credit

It’s summer. So you’re not really thinking of college. But this is just a temporary respite. Soon the halls of knowledge will swing open again—and with it, debt.

Credit cards are a wonderful convenience. But they seem to be getting too convenient for college students. Close to 85 percent of undergraduate college students had at least one credit card according to the study, “How Undergraduate Students Use Credit Cards,” by SallieMae.

Read More

College Savings and Financial Aid

With the start of the school season, parents and grandparents are now a year closer to their children and grandchildren’s entrance to college. Few areas of financial planning are more complicated for parents than ensuring that their children will have enough money to pay for tuition, room, board, books, transportation and other related expenses. But the payoff—the likelihood that a good college education will expand their children’s opportunities to enjoy gratifying careers and higher lifetime incomes—is worth planning for.
 

Read More

College Savings Calculator Helpful Planning Tool

Have you found yourself gazing at your infant (or teenager for that matter) and wondered if it’s time to start saving for college?  How much will you need to save, what will college cost in 18 years?  Well, your college savings questions have been answered!  The “World’s Simplest College Cost Calculator” (their name for it, not mine) is a few clicks away at www.savingforcollege.com/college-savings-calculator.  As a financial guy, I am particularly fond of calculators and this offers the quickest route to those tough c

Read More

Determining Financial Need and Your Contribution for College Education

Congratulations, your child has been accepted to college!  Any idea how much this will cost? Will you be able to afford it on your own? Should you start burying coffee cans full of money in your backyard? A few weeks ago, I mentioned the website www.savingforcollege.com and their college savings calculator. Today I want to highlight another convenient tool they have, the Financial Aid Calculator.

Read More
Subscribe to Goals