Ideas & Insights

What Counts as a Qualified Expense for a 529 Plan

August 30, 2018, No Comments by Kimberly L. Curtis

After years of saving for college in your 529 plan, the day has finally arrived that you need some of that money to start school. You have control of how much money you withdraw from your 529 account and what to spend it on. However, before you feel flush in cash, it’s important to know what is covered as a “qualified” expense.

How to Use a 529 to Pay for K-12

August 28, 2018, No Comments by Kimberly L. Curtis

As of January 2018, parents can now use their 529 plans to pay for private K-12 tuition. Originally designed for college, 529 plans allow tax-free earnings growth and tax-free withdrawals when the funds are used to pay for expenses that meet the requirements. That now includes private school tuition.

How Home Equity Impacts Financial Aid

August 15, 2018, No Comments by Kimberly L. Curtis

When approaching college financial aid for the first time, it can be difficult to navigate. Many parents wonder if their home equity is a factor in the FAFSA (Free Application for Federal Student Aid) and whether it impacts their student’s aid. For the majority of colleges that require the FAFSA, the value of your home and your mortgage payment will not affect your student’s financial aid.

Can a 529 Plan Hurt Your Financial Aid?

July 22, 2018, No Comments by Kimberly L. Curtis

Many people worry about whether a 529 Plan will impact their eligibility for financial aid. It will impact your aid, but may help you more than it will hurt. Understand the advantages of a 529 Plan and its minimal impact on financial aid.

Is A College Degree Worth It?

July 13, 2018, No Comments by Kimberly L. Curtis

As the cost of higher education continues to climb, is the cost for a degree worth it? Some of the most successful people in the world dropped out of college. The answer is tricky and it depends.

Figuring Out Financial Aid

February 22, 2018, No Comments by Kimberly L. Curtis

If you have a student in the process of applying for colleges, you understand the heavy price tags that come with many colleges. If financial aid is something you are considering, we have compiled a list of facts that will be important to know.

Cost of College [Video]

September 28, 2017, No Comments by Kimberly L. Curtis

Paying for college can be daunting and almost hopeless if you are doing it on your own. Kim Curtis, CEO of Wealth Legacy Institute, discusses how to pay for college and manage your student loan debt so that you are able to enter college worry free.

College Tax Credits [Comparison]

June 15, 2017, No Comments by Kimberly L. Curtis

 

The time for summer college tours has begun. While you're looking at which university your child will pick, don't forget to consider the different tax benefits available for funding. Our chart below explores the different options. Any extra bit helps! 

How to Build Wealth if you have Debt [Interview]

February 03, 2017, No Comments by Shannon E. Johnson

Our CEO, Kim Curtis, spoke with Fox News in Colorado Springs about building wealth while paying off debt. Balancing retirement savings and debt repayment can be a challenging part of financial planning. With her financial planning advice, you can begin your journey to creating wealth in a manageable way. 

 




The main takeaways? Understand your debt, set SMART goals, create a spending plan and pay yourself first. If you can master these key areas, you'll be on your way to having a healthy financial plan. 

Medicare Enrollment

October 06, 2016, No Comments by Niels A. Jepsen

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The open Medicare enrollment period begins on October 15th. This is the time to review your medicare coverage and see if you need to make any adjustments. Open enrollment runs through December 7th and any changes made are effective as of January 1, 2017. You can do the following during open enrollment: 

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