College Planning for Your Kids with Beth Greulich

This week I sat down again with Beth Greulich, CFP to talk
through how to financially plan for your kids to go to college
and some tricks along the way.


Beth is a Certified Financial Planner, Certified Divorce
Financial Analyst, and Partner at Abacus.  After a career in
market research, she took some time off to raise a family. As she
considered what to do next, she was driven by the memory of her
grandmother and her desire to help others who lacked confidence
with their money management skills.


As a financial advisor, she works closely with her clients, many
of whom are women, to develop a unique and personalized financial
plan that solves their specific needs. It’s extremely important
to her that each of her clients clearly understand and can
visualize the different paths/options that lead them to their
financial independence. There are many forks in the road of life,
so it’s important and extremely empowering to understand the
long-term impact of each decision along the way.


HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE:


The main concern people have around funding education for
their children

The first step in planning for college for your kids

When to start exploring college campuses

The importance of exploring college interests early

The best time to open a 529 plan

What it looks like to set up a 529 plan before your child is
born

Where a college fund should rank on your financial priorities

What should be funded before the college savings account

 Considerations when thinking about college financial
aid

The most important things for kids to keep in mind while in
college

When to speak to your kid about financial aid available for
college

How subsidized and unsubsidized loans can come into play

The amount of loan a student can take before having a
cosigner

How to help your children feel empowered when making college
decisions

Shop around and negotiate! Here’s how

How to financially plan for college if you’re unsure if you
child will even attend

What to do if you have a surplus in your 529 plan



GET SOCIAL WITH BETH AND LET HER KNOW YOU HEARD ABOUT HER
HERE


Abacus Website

Beth’s e-mail

Abacus Facebook

Abacus Twitter

Abacus LinkedIn