Josh and Dana Linthicum have two children in school – Kai is currently in second grade and Keira will be in Kindergarten in the Fall. Last week they met with their local financial advisor to review their finances and strategize on a college saving plan.
“We set up 529 plans when our girls were born. But given the rising cost of college, we want to make sure that we are saving enough so our daughters will be able to attend the colleges of their choice.”
For many families, the high cost of higher education is a daunting proposition. Parents lie awake at night trying to figure out how to afford sending 1, 2, 3 or more children to college, and still have enough of their hard-earned money to be able to retire. Some families have children attending college next year, and others have 12 years to plan; but the fears of tackling these monumental and rising costs are the same.
Mark Reimet and Jodie Booth of Ocean City Financial Group have helped many families prepare their finances for college and retirement.
“It’s never too soon to implement a savings strategy for your children’s college costs nor too late to discover ways to pay for them” suggests Reimet.
On May 10, Ocean City High School will host a free, nationally-renowned educational workshop, Little-Known Secrets of Paying for College.
Topics to be covered include:
– A review of the EFC (Expected Family Contribution)
– Strategies to attend private universities for the same out of pocket cost as in-state schools
– Effective ways to save and pay for college
– Unique strategies to pay for multiple children attending college at the same time
– An insider’s view of the college admissions process
– How to recapture out of pocket college costs
– Avoid jeopardizing your retirement nest egg
The Presenter, Brandon Gulley is a Financial Planner and is associated with the organization “The College Funding Coach”. He is a regular educator on college financing, tax reduction strategies, and retirement planning. His practice is dedicated to helping families implement creative long-term financial strategies to send their children to college without sacrificing their retirement.
The workshop will be as follows:
Wednesday, May 10
6:30 PM – 8:30 PM
Ocean City High School Library
501 Atlantic Avenue
Parent reviews from previous workshops:
“Excellent Class!” – John & Monica M.
“Highly informative!” – Bill & Renee M.
“The presentation was excellent; I was impressed as a counselor and a parent.”- Patrick C.
“First seminar I attended that addressed all the issues of college funding & what to expect as parents.” – Maria C.
“By my calculations, over the course of four years the evening we spent will save our family $126,180.”- John S.
For additional questions about the event or college saving plans, please feel free to call OCHS College and Career Counselor Tobi Oves at 609-399-1290 ext. 8716.