How to save for college…without sacrificing your retirement!
with Brock Jolly
The replay period for this interview is over, but you can still access the recording through the Success Package, here.
How to save for college…without sacrificing your retirement!
Paying for college is quite overwhelming for many families. Parents want to help out as much as they can, so that their kids don’t graduate tens of thousands of dollars in debt. But parents ALSO don’t want to find themselves with no money saved when it’s time to retire. The million dollar question is, how do you find the balance? This is a conflict many families go through, yet only about 3% of financial advisors cover the process of saving for and funding college. Brock Jolly founded The College Funding Coach in 2002 to talk with families about how to pay for college without sacrificing retirement. Join in on my interview with Brock to discover…
- How you can estimate the amount you should be saving for college, even if you’re not sure yet which school your child will be attending
- When it’s recommended to start saving for college AND retirement
- What expenses many parents forget to consider when determining the cost of college, but are absolutely vital to take into account when calculating
- The impact student loan availability has on college tuition costs
- What different types of college savings plans are out there, and how to know which one(s) might be right for your family
- Why you should avoid borrowing against your retirement plan
About Your Speaker
Brock Jolly
In early 2000, when Brock Jolly launched his financial planning career, he was optimistic about the future—he had landed his dream job and the financial markets were doing phenomenally well. A few months later, the dot com bubble burst, causing many of Brock’s prospective clients to lose a significant amount of their wealth and, although he didn’t know it at the time, forever changing Brock’s career path.
In 2002, Brock founded The College Funding Coach® with one goal in mind: teaching parents how to pay for college for their kids without sacrificing their own retirement savings. His refreshing and somewhat unconventional workshop, “Little-Known Secrets of Paying for College” was originally taught in all of the counties in and around the Washington, D.C. metropolitan area through adult education programs, directly with public and private schools, as well as with many businesses and community organizations.
Regardless of the audience, the message is consistent: college is getting more and more expensive every year, and unless a family develops an informed strategy early—whether that is optimizing your eligibility for need-based aid or maximizing your liquidity and cash flow—it is difficult to “win” the college funding game.
Brock graduated from the University of Virginia in Charlottesville, Virginia in 2000. He is a Certified Financial Planner™ (CFP®), and holds many other industry designations, including Chartered Financial Consultant (ChFC®), Chartered Life Underwriter (CLU®) and Certified Family Business Specialist (CFBS®).