CFP Board’s Post

📢 Fantastic news for NexGen women interested in becoming a CFP® 🚨 $625 of the $825 Early Bird exam fee is available as a scholarship now, generously provided by Peggy Ruhlin. Representation in our industry is critical in order for everyone to receive the financial guidance that they need. News flash: yep, I'm a white male working in a white male dominant industry. That isn't representative of our country, and opportunities like this to entice others into our industry are MUCH NEEDED. Not all of you will want to work with me. And that's ok! Getting more representation in this industry makes it easier for EVERYONE to have someone they trust. P.S. - I work for a proudly woman-owned firm, Nvest Financial, LLC. I wanted to work with the BEST when I got into this industry. In this area, that's Nvest. And that's according to Forbes + SHOOK Research: Nichole D. Raftopoulos, CFP®, CDFA™, AIF®, MPAS℠, our firm's founder and CEO was NH's top Wealth Advisor in 2021 when I was joining the firm.

There are many ways to save for college. From 529 plans to IRAS, our latest article shares details to help you navigate the rising costs of higher education. #CollegeFunding #CollegeSavingsTips #FinancialPlanningOhio https://lnkd.in/grA2dzJn

In a series of blog posts, a cross-disciplinary team of Mills & Reeve lawyers will be looking at the practical steps which universities can take in the face of financial headwinds. Please see the below for first article in the series (which also links to others in the series). Essential reading for those with an interest in university financial management.

Why Financial Planning Matters for Your Child's Education Your child's journey towards university success begins with their JAMB triumph! As they step closer to realizing their academic dreams, it's time to don your financial planning hat and prepare for the exciting road ahead. Set Clear Goals: Begin by defining your financial goals for your child's university education. Calculate the expected expenses, encompassing tuition fees, accommodation, books, and living costs. A well-defined goal serves as your planning compass. Start Early: Time is your friend! Commence saving as early as possible. Even modest monthly contributions can accrue substantially over time. Investigate various savings avenues, such as education savings accounts or high-yield fixed deposits, offering competitive interest rates. Monitor and Adjust: Routinely review your financial plan. As circumstances evolve, adapt your savings and investment strategies accordingly. Flexibility is key to success. If financial planning feels daunting, seek counsel from a certified financial advisor. They can tailor a plan to suit your unique needs and aspirations. Let's translate financial planning into reality for your child's success. While your child prepares for the Post UTME exams/screening, access our UTME Exams Video Tutorials by clicking this link https://lnkd.in/dedw8-y7 or call +2347049163283. #UniversityBound #FinancialPlanning #UniversityEducation #Jamb #Postutme

Sharing this not because I know the work of the Pilbara Group, but for what this says about the complexity of assessing the #revenues and #costs of #academic programs. When I started covering #collegefinance more than a decade ago, very few institutions tracked the #financialdata of their programs. In 2014, I wrote about Brenau University, where the president and the CFO David Barnett, PhD were tracking program costs to keep that small women's college alive. (https://lnkd.in/djRwDjZf) I was so surprised to learn the practice wasn’t common. A few years later, I sat with a trustee of a prominent New England women's college at AGB (Association of Governing Boards of Universities and Colleges), and asked her if college leadership knew the financial data of its programs. "I don't know, and I don't want to know," she replied. 😐 The fear is that if you know, you'll have to do something about those academic departments. But doing something doesn't necessarily mean cutting those programs. It can mean revamping them, helping them find relevance and new students. It can be acknowledging that a program is important to #mission but will never make money -- and should be supported by more lucrative departments and colleges on campus. You have to know the costs to make those calls. You can't go on a hunch. You'd think an online nursing program would be a big moneymaker. Several years ago, when Robert Morris University ran the numbers on its nursing program, the #university found out it was $1.5 million in the red. That led Robert Morris to make some changes. Part of the reason higher education is facing hard times right now is because so many #colleges did not track these costs for so long. And many still don't. The Chronicle of Higher Education #highered #highereducation NACUBO

The August 2023 edition of our college planning thoughts is brought to you by Lindsey Curry, Chief Coaching Officer, who can help you save ON the cost of college in coordination with your Financial Advisor, who will help you save FOR college. #newblogpost

Average life expectancy for small businesses in CT is 5.73 years, according to a new metric, "Small Business Life Expectancy," developed by UConn math professor in residence Jeyaraj Govindaraju. University of Connecticut #connecticut, #smallbusiness

Investing in your child's future and higher education comes with a substantial cost, combining the fruits of your labor with your aspirations for their career journey. At this juncture, observing their personal and professional development embodies a pivotal realization of every parent's heartfelt aspiration. Hence, financial planning for your child's higher education is crucial, as it determines the viability of your financial objectives and ensures you secure the essential resources to accomplish them. In this article, we will guide you through the necessary steps for financial planning for higher education and how to attain these goals. https://lnkd.in/gJtNQYfR #personalfinance #FinancialLiteracy #financialfreedom #financialplanning

Paying for college has become a major life expense that requires smart planning. Morgan Stanley offers a suite of education savings products that can help you achieve your goals. Learn more. #529Plan