| www.CollegePlusRetirement.com |
Phase 1: Parent Planning
A) Cash Flow Analysis
B) Retirement/Investment Plan
C) Expected Family Contribution
D) College Payment Plan
| Two Phase College/Retirement Planning Approach When shopping for a house or a car you need to balance what you can afford with what will meet your needs (a good "fit"). The same principles hold true when shopping for a college. The Two Phase College Planning approach is a holistic process that will help you make a "Smart College Buying Decision." |
That may depend on what type of person you are. No service is mandatory, but for many it can be
invaluable.
1. Are you a Do-It Yourselfer? You do your own plumbing, you cut your own hair, you prepare
your own taxes, etc.
Recommendation: Consider purchasing Pay for College Without Sacrificing Your Retirement and
educate yourself through the numerous links found at the "Websites" tab.
2. Do you tend to "Wing-It"? Throughout your life you have always "winged it" and may have a
history of procrastination. "No need to worry, everything will work out somehow." Unfortunately, it
is these people that college process hits the hardest. This is too large of an investment/expense
to be unprepared.
Recommendation: Talk to friends and family that have been through the college process. Ask
them about the financial aid process and what paying for college is like. Then, determine whether
or not you want help. At the very least become a Do-It Yourselfer and educate yourself, or
become a Delegator and get some assistance.
3. Are you a Delegator? You would rather spend your time doing what you want. Your time is
valuable and so is your money. You would rather hire someone to do the work for you; while you
can spend more time doing activities that you value (spending time with your family, enjoying your
hobby, etc). In fact you have even realized that good professionals not only save you time but
also money. By investing in someone who has education and experience in a particular field,
there is a good chance that they will save you more money than you would have on your own.
Recommendation: Consider delegating to a competent professional.
invaluable.
1. Are you a Do-It Yourselfer? You do your own plumbing, you cut your own hair, you prepare
your own taxes, etc.
Recommendation: Consider purchasing Pay for College Without Sacrificing Your Retirement and
educate yourself through the numerous links found at the "Websites" tab.
2. Do you tend to "Wing-It"? Throughout your life you have always "winged it" and may have a
history of procrastination. "No need to worry, everything will work out somehow." Unfortunately, it
is these people that college process hits the hardest. This is too large of an investment/expense
to be unprepared.
Recommendation: Talk to friends and family that have been through the college process. Ask
them about the financial aid process and what paying for college is like. Then, determine whether
or not you want help. At the very least become a Do-It Yourselfer and educate yourself, or
become a Delegator and get some assistance.
3. Are you a Delegator? You would rather spend your time doing what you want. Your time is
valuable and so is your money. You would rather hire someone to do the work for you; while you
can spend more time doing activities that you value (spending time with your family, enjoying your
hobby, etc). In fact you have even realized that good professionals not only save you time but
also money. By investing in someone who has education and experience in a particular field,
there is a good chance that they will save you more money than you would have on your own.
Recommendation: Consider delegating to a competent professional.
| Should You Hire Help? |
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Phase 2: Student Planning
E) Student Analysis / Strengths Finder
F) Potential Careers
G) College Majors
H) College List
