Balancing Retirement Savings and College Planning
Learn to balance retirement and college savings with David Lerner Associates. Maximize resources for financial harmony.
Global Money Week: Empowering Financial Futures
Empower youth with financial literacy during Global Money Week 2024. Join David Lerner Associates in educating the next generation for a prosperous future.
College Finance Essentials: Your Roadmap to Financial Confidence
Discover College Finance Essentials: Your guide to mastering financial literacy for students. Start managing your college finances effectively today!
College Cost Data Released for 2023-2024
Every year, the College Board releases new college cost data and trends in its annual report. The figures published are average cost figures based on a survey of approximately 4,000 colleges across the country. Over the past 20 years, the average price for tuition, fees, and room and board has increased 38% at public colleges and 29% at private colleges over and above increases in the Consumer Price Index, straining the budgets of many families and leading to widespread student debt.
Navigating Tax-Advantaged Accounts for Retirement and College Savings
Planning for the future requires a strategic approach that not only considers long-term financial goals but also takes advantage of tax-efficient savings vehicles. When it comes to saving for retirement and funding a college education, understanding the tax advantages of specific savings vehicles is essential. There are tax benefits associated with retirement accounts, such as IRAs and employer-sponsored plans, as well as college savings accounts like 529 plans and Coverdell Education Savings Accounts (ESAs).
Personal finance lessons for college students
Leaving home and heading for college is exciting and daunting at the same time. A whole new set of responsibilities are thrust upon the shoulders of these young adults. Financial obligations suddenly become real.
Student Loan Repayments Resumed in October
After a pause of more than three years, interest on federal student loans resumed on September 1, 2023. This means that in October, more than 43 million Americans will need to start repaying loans.
Department of Education Launches New SAVE Income-Driven Repayment Plan
The Department of Education recently launched the most generous federal student loan income-driven repayment (IDR) plan to date — the Saving on a Valuable Education (SAVE) Plan.
Revamped FAFSA Streamlining College Aid in 2024-25
Big changes are coming to the FAFSA application, for the 2024-25 cycle! In a significant development for prospective college students across the United States, an eagerly awaited, user-friendly version of the FAFSA (Free Application for Federal Student Aid) is set to debut later this year.
What Can a College Savings Plan Be Used For?
In this article, we explore the versatility and potential of a 529 College Savings Plan, shedding light on the essential expenses it covers and ensuring that your loved ones have the necessary financial support to thrive during their college years.