How Do You Pay For Your
Child’s College and Still Afford Your Retirement?
Are You Stressed Out Trying To Pay for Your Child’s College and Still Afford Your Retirement?
As A Fee Only Raleigh Financial Planner, We Help College-Bound Families Choose Smart Options For College & Retirement.
- PCollege Funding Guidance for School Selection + Affordability
- PRetirement & Investment Management for Your Long Term Goals
- P Dave Ramsey 7 Baby Step Financial Coaching for a Peaceful Future
We are open and here to help you in these challenging times. Any meetings requested/scheduled can be conducted via phone or virtually via Zoom.
Funding Your Children’s Education While Planning Your Own Retirement Is A Balancing Act
We Help Families & Individuals Manage Their Wealth and Create Financial Plans For Success
It’s often hard to think about your own retirement when you’re staring down the barrel of four years of tuition and housing expenses. Once we have established a college funding plan, we turn to your retirement goals. Together we’ll create a plan that helps you prepare for the retirement you want.
Paying for college and retirement isn’t easy. We are firm believers in an approach called core satellite, which allows us to build personalized portfolios that have aspects of low-cost, tax-efficient passive strategies while also incorporating more active strategies with an emphasis on risk management.
If you want to win with money, you need a plan that works. Dave Ramsey's 7 Baby Steps work because it is a clear path to know where you are and where you are headed next. It is not a simple fix to making you wealthy, but we believe as we guide you and you follow each step in order with great focus and intentionality it will change your life.
How It Works
As A Fee-Only Raleigh Financial Planner, My goal is to give you a clear understanding of your current financial status along with plan to serve as a solid foundation moving forward into the future.
For complete details with video instructions please visit Our Process Page.
1. GETTING ACQUAINTED
- Discuss your goals & values
- Identify your opportunities & weaknesses
- Explore working with us for Investment Management and/or Financial Planning.
- Review our Transparent Pricing Packages.
- High Value at a Reasonable Fee.
2. GETTING ORGANIZED
- Set up your Personal Financial Website
- Organize and Upload Financial Statements for Review
- Capture your Risk Number and Assess your financial experience
- Identify how current portfolio is invested
3. GETTING A PLAN
- Establish measurable financial goals
- Build your financial plan or Investment Strategy together
- Finalize saving strategies
4. GETTING AHEAD
- Confirm plan action items
- Review & track goal progress
- Investment Check In(See Sample Picture)
- Adjust plan as your situation evolves
Helpful Financial Planning Tips
Our blog is filled with smart financial strategies to help you build a solid foundation moving forward into the future.
Small companies shouldn’t forgo retirement savings just because a 401(k) plan can be expensive to set up and maintain. There are options specifically for smaller businesses: a Savings Incentive Match Plan for Employees (SIMPLE) plan, a Simplified Employee Pension (SEP) plan, and a SOLO 401 (k).
“How do I get my money out of my retirement plan and into my checking account?”
The question is not as simple as it appears – that’s why people ask it. They’re not asking about the mechanics of a 401(k) withdrawal. They want to understand the switch from saving to spending, and it’s an entire cascade of questions covering how to decumulate assets in retirement. These include:
• When should I take social security?
• How can I ensure I’ll have enough income for my needs?
• How can I invest for growth without taking too much risk?
• What about taxes?
Creating a retirement paycheck that generates the income you need while keeping you in the lowest possible tax bracket isn’t as easy as it seems. All the planning you did while working – like saving retirement funds in tax-deferred accounts and diversifying by purchasing a second home, can turn into tax bombs as you move through retirement.
The consequences of higher income aren’t limited to a bigger tax bill – they can also include expensive Medicare surcharges.
What’s the solution?
College Planning Resource Videos
College Pre Approval in Action
EFC and Financial Aid Eligibility
Retirement Planning Resource Videos
Benefits of Saving Early
Life Expectancy Probabilities
The Retirement Equation
Would You Like Help Creating A Plan For Your Child's College Fund Or Your Own Retirement Needs?
We Help Families & Individuals Create Financial Plans For Success.
Mark Kelly, Certified Fee-Only Raleigh Financial Planner™
At University Financial Strategies our mission is to help families think beyond just saving for college, but helping leverage strategies that leverage your unique situation to help you save on college costs. We take into consideration topics like specialized college-planning strategies for business owners, planning for financial aid, school-specific scholarships, coordinating college planning with grandparents, cash-flow strategies and options for covering shortfalls, to name just a few.
4801 Glenwood Avenue
Raleigh NC 27612
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