January 2025

 

College Gateway Newsletter

Helping parents of college bound students navigate the
college process
 

Hello Rick,


Let's say you were an awesome saver for your child's college... but maybe too awesome? Here's 4 ways to make the most of excess funding.


Check out this month's blog for more.


Rick, Lyman and Andrew

🌊An overflowing 529 college savings plan? 4 ways to make the most of that surplus

Funds that are withdrawn from a plan when not used to cover higher education costs are subject to taxation and a 10% penalty on the growth of the savings. Here's 4 more efficient options.

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{Read more}

 
 

The Fed cut interest rates in December

Here's what will get cheaper from the Fed lowering the Federal Funds rate in December 2024.


(Read more)

Student Corner

Debit vs credit cards

Wonder how credit and debit cards work? Here's an introduction to the differences between the two ways to pay with plastic.


(Read More)

Have college questions on your mind?

Don't be afraid to reach out!

Click the link below to submit your question to us.

 
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Andrew Holmes, CFP® ,CCPS™, CSLP®, Rick Fingerman, CFP® and Lyman Jackson, CFP®

Financial Planning Solutions, LLC
Creating your ideal tomorrow while living well todayâ„¢
134 Rumford Ave. Suite 203, Newton MA 02466


 617-630-4978
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Financial Planning Solutions, LLC ("FPS") is a Registered Investment Advisor ("RIA") located in the Commonwealth of Massachusetts. FPS provides asset management and related services for clients nationally. FPS will notice file and maintain all applicable licenses as required by the various states in which FPS conducts business, as applicable. FPS renders individualized responses to persons in a particular state only after complying with all regulatory requirements, or pursuant to an applicable state exemption or exclusion. 
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