Although teens say their generation’s money issues are different from those of their parents, a Charles Schwab survey says teens still look to their parents when it comes to developing good saving and spending habits. Read more
Seth Allen, Dean of Admissions and Financial Aid, Pomona College, Claremont, Calif.
College essays carry far more weight than they have in previous decades. With a record number of students applying for college, admissions offices have become highly selective when considering student applications. While each school has its own criteria, schools typically look for students who demonstrate a high level of creativity and innovation. They want students who can express themselves and present interesting viewpoints on issues. Schools also seek out students who have the potential to take on leadership roles in some shape or form. One place they look for these differentiators is in the college essay.
These practical tips can help students stand out when writing college essays: Read more
By LYNN O’SHAUGHNESSY
When students head off to college, they don’t go far. Nearly 55 percent of freshmen attend school no more than 100 miles from home. More than 37 percent selected a college that’s no more than 50 miles away away from mom and dad.
Those are two of the fascinating facts that you can find in the UCLA’s latest survey of the nation’s college freshmen.
Here are 18 more facts about the current crop of college freshmen during a year when fewer incoming students received scholarships to help defer college costs: Read more
By Marilyn Wechter
One of the most important things parents can teach their children about money has to do with the delay of gratification. If children can only be satisfied with instant gratification, they will act impulsively. When they learn to delay gratification in the hopes of something better, they also learn a kind of resilience and the sense of success and accomplishment. Children who know they’ve made good decisions develop self-esteem.
The goal is to build up your child’s ability to handle the complexities imposed and choices offered by life. If you do it for them (and if you pay for everything), they won’t know what they’re capable of accomplishing on their own.
These practical situations can carry a theoretical discussion into a real-life learning experience. Read more
There are a lot of things that come with having children, such as sports, camps, lessons and other activities that can stretch the family budget. Carl Richards, director of investor education for the BAM ALLIANCE, writes that there are other things to consider than just money when it comes to the family budget. Read more
By DANIEL SOLIN
Recently, a client came to me with a difficult dilemma. He was retired and living comfortably but didn’t have much room in his budget for additional expenses. His son was a high-ranking executive with a midsize company. He was married, with three children, all of whom were in private school in New York City. The son lost his job as a consequence of restructuring.
He was having difficulty finding another position at anything close to his prior income. He had been looking without success for more than six months. He was at a point where he could no longer meet his substantial monthly expenses. He asked my client to provide the funds necessary to maintain his lifestyle and the education of his children, until he was able to “land on his feet.”
My client could afford to make these payments for a limited period of time but his retirement plans would be jeopardized if the time period was prolonged and if his son did not pay him back. He asked for my advice. Read more
One of the questions I am most asked goes something like this: “I have a large amount of cash to invest. Should I invest it all at once or spread the investment out over time?” Perhaps the cash comes from the sale of a business or an inheritance. Or the cash might build up over time because of concerns about the market turning bearish. It might even be the result of panicked selling. Read more
From all of us at JDH Wealth Management, we wish you joy during this holiday season and in the New Year.
Our offices will be closed for the Christmas holiday on Tuesday, December 24th and Wednesday, December 25th.
Our offices will be closed for the New Year on Wednesday, January 1st, 2014. Read more
For the past seven years, Matt Delaney has participated in Rotary International’s Festival of the Brotherhood in Mexico.
Read below about his most recent experience.