Getting good grades can dramatically reduce total college expenses in a number of ways. Beyond bribing your kids and grandchildren in return for academic performance, here are some other tips and tools to keep college expenses under control:
With summer in full swing, I've been reflecting on what I learned from one of my experiences from a summer past - being hired to serve as an expert witness in a case against another "financial advisor". This was a new and somewhat revelatory experience for me. But what I really took away from this experience was:
In other Articles on Wealth Management Topics, we've discussed the confusion that many consumers of financial services have regarding terminology such as "fiduciary". Another misconception that many people (including related professionals) struggle with is the difference between Fee-Only and fee-based financial advice.
It is revealing that Prof. Kent Smetters, a faculty member at Wharton, one of the country's best business schools for studying finance, is a strong proponent of "Fee-Only", fiduciary financial advisors. You can read his recommended criteria for choosing a financial advisor here.