FAMILY GOAL SETTING
Starting a family involves so many exciting decisions! Choosing your baby’s name, picking a great school district, decorating the nursery and so much more. But in many cases, people are so busy with their new family, they tend to forget about one of the most significant decisions for their child’s future and that is college!
Because of escalating tuition prices that only seem to get higher every year, it is critical for parents to start saving for college as soon as possible. Without a strong financial plan, many people are forced to make unnecessary sacrifices to fund education. Sometimes parents face this challenge, but often, and even worse, it is their children who carry the heavy burden of college debt. The good news is, both scenarios can be avoided.
Building an educational fund takes time so it’s best to begin many years before your child’s enrollment. Whether you choose to take advantage of IRA’s, an Educational Savings Plan or a 529 Plan, Kevin can help you to develop a customized strategy that works with your unique set of circumstances and ensures that your child’s educational needs are properly met.
Getting ready for college, preparing for retirement, establishing your financial safety net, protecting you family with life insurance too …it’s all part of your unique financial plan. Finding the right balance isn’t easy but putting a plan into action and finding peace of mind is exactly what O’Neill Financial Planning can help you do.