Sometimes planning for the unexpected isn’t always a dire situation. Could you handle a financial windfall? Read this Financial Tip for more.
A family’s budget for college education will easily be one of the most expensive purchases ever. The current average cost at a public four-year college is $7,605 per year in tuition and fees for in-state students. It is no wonder that during the 2008-2009 school year, more than 78% of undergraduate students received some form of financial aid.
Bil Lako, CFP®, explains how sometimes investors are not paying attention to the decisions that are being made.
Most financial professionals can provide specific stock or mutual fund recommendations. However, before deciding on a broker or an adviser, you must decide what you want to handle: investments research, planning your personal finances, establishing budget realities, providing tips to reduce spending, assessing your retirement savings, and checking that you have the necessary insurance coverage.