Education planning plays a significant role in personal financial planning. Yet the cost of an education is one of the two greatest financial concerns for many families-the other, of course, being retirement. Each day, families must decide whether to fund vehicles for retirement or education. With proper personal financial planning, individuals can fund both.
In this CPE course, we examine personal financial planning for college, a critical consideration affecting areas from cash flow planning to income taxation. This course looks at the personal financial planner's role and the need to be knowledgeable about education funding vehicles, student financial aid programs, education tax credits, as well as income tax applications for education planning. The successful coordination of these disparate elements is necessary to accomplish a successful education plan.
We will delve into financial aid and other funding methods, as well as discuss funding strategies and tax planning. The final part of this course examines how education planning is integrated with the other areas of personal financial planning.
Delivery Method: Self Study
CPE Credit: Specialized knowledge
Program Level: Intermediate