Helping parents of college bound students navigate the
college process

Happy Holidays and congrats to many of our seniors on completing the application process! That is a huge step!

This month's blog checks in on Master Promissory Notes. While it may sound dry, it's a document that you'll definitely want to familiarize yourself (and your high school senior) with as we enter the home stretch.

Rick, Lyman and Andrew
What's a Master Promissory Note?
If the Master Promissory Note is skimmed through, and signed off with a school that is not top choice for your child, it may be creating a headache for down the road.

What is the penalty on unused funds in a 529 plan?
We get this question a lot from families. It's important to know what can happen as consequence of not spending down the funds in a 529 plan.

Another detail that this article doesn't mention: There are other alternatives for unused funds in a 529 plan as a result of the SECURE Act in 2020. See one of my recent blog on this topic HERE

Student Corner
Prepping for the SAT

The exam can seem daunting for the first time SAT taker, but it's important to stay focused. You can do it!

Click below for 7 quick tips to improve your score
Got a question?
Do you have something on your mind as you go through the college process?

Don't be afraid to reach out!

Just click the link below to submit your question to us.

Feel free to pass this on to someone you know who may be interested. 

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

Financial Planning Solutions, LLC
Creating your ideal tomorrow while living well today™
120 Wells Avenue, Newton MA 02459 

 617-630-4978 | 800-224-0132 
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