The Education Wizard® Description:
The Education Wizard® is our process of evaluating the need and time horizon,
quantifying the benefits of various plans and implementing the process to achieve your
client’s educational goals.
The Education Wizard® Overview:
Determining the appropriate investment vehicle/ program for your client takes careful
consideration. No one college savings method works well for every family. Saving for
college will depend on several factors; such as the child’s age, amount of control, tax
bracket and income. It is important to know the advantages and disadvantages for each
available investment option (see chart below) prior to making a recommendation. Keep
in mind that funding their children’s education may be of up-most importance to your
client(s), considering the college bill is the closest thing on their mind-closer than
retirement. Before making significant sacrifices for the funding of education you should
first be sure that the clients are saving enough for retirement. Keep in mind that children
will find a way through college and if need be, they will have plenty of time to pay off
any borrowed money. Parents on the other hand risk delaying retirement, relying on
social security, obtaining a part-time job after retirement or even poverty.
Related Links:
Saving For College Website
(Savingforcollege.com)
Saving for college web is the internet guide to the Qualified Tuition Plans (529 Plans)
This Company was founded by Joe Hurley, a CPA from NY, who specializes in Section
529 and offers a breakdown of each state’s qualified program.
529 Expense Analyzer (www.finra.org)
The 529 expense analyzer is a website hosted by FINRA to provide an expense and fee
analysis of 529 plans. One or two plans can be compared to illustrate how fees and
expenses can reduce returns.
FinAid.org (www.finaid.org)
FinAid.org is a student and parent website for college financial aid (scholarships, loans,
savings, military), financial aid applications, calculators and other ways to pay for college
options are available on this website. It’s a great resource for parents and students.
BECAUSE THE CONTENT OF THESE WEBSITES CHANGE ON A CONSTANT BASIS,
IT IS IMPOSSIBLE FOR US TO REVIEW IT ALL. WE CANNOT BE RESPONSIBLE FOR THE
CONTENT OF ANY OF THE ABOVE LINKS
FACTS OF LIFE EXPERIENCE®, WISHING WELL®, TAXABILITY METRICS®, LEVERAGE IDENTIFIER®, EXPOSURE PROFILER®,
RETURNS ANALYZER®, EDUCATION WIZARD®, HORIZON VIEWER®, LEGACY APPROACH®, FACTS OF LIFE MONITOR®, CAMPISI
FINANCIAL NETWORK®, AND CFN ARE ALL REGISTERED MARKS OF CAMPISI FINANCIAL NETWORK, LLC.