Today I’m answering a question from a father, who is puzzled by the Expected Family Contribution figure he generated when using an EFC calculator. I think my answer to him will be helpful for just about anybody who will eventually be filing for financial aid. If you don’t understand what the term EFC is, please […]
I banged out an email full of financial advice this week to a soon-to-be college graduate, who luckily has already lined up a job. She wanted to know if she should start saving for retirement as soon as she graduates. Here’s what I told her: Absolutely! I was thrilled that this young woman was already […]
There’s been tons of media attention over the years on the best places to save for college. The 529 savings plan has grabbed the most attention. I’ve used 529 plans for both of my kids through Vanguard, but today, I want to suggest another potential way to save for college: a Roth IRA for your […]
