College Planning For Blended Families

Paying for college has become increasingly challenging due to rising costs, particularly for blended families. But no matter your situation, early planning for your child’s or grandchild’s education can make a big difference and reduce the need for excessive borrowing later on. In this episode, we’ll cover the key aspects of college financial planning from various perspectives.

Donna and Jim share their personal experiences and discuss saving strategies, the importance of starting early, and address some common concerns. Whether you’re a parent, grandparent, or part of a blended family, this episode is packed with valuable insights to help you plan for your children’s education without sacrificing your financial future.

Here’s what we share in today’s show:

0:00 – Intro

1:20 – Where do you start?

7:01 – Cutting down on college expenses

8:17 – Best saving vehicles for college

13:30 – Tax implications when gifting college funds

15:30 – The blended family factor

19:16 – Retirement considerations

If you are interested in any of the topics we discussed, please reach out and we would be happy to help you navigate your financial situation.

Phone: (215) 948-3945

Click HERE to schedule a free consultation with Donna

Check out the video version of the podcast HERE

Click HERE for downloadables and resources