Connecting You and Your Wealth

 

Tips To Help You Raise Financially Wise Children (March 27, 2017)

Woman with child (iStock000041177846L AZemdega)Money management skills lay the foundation for lifelong success, and the path to financial wisdom begins in childhood. In recognition of Financial Literacy month in April, we’re proud to announce the launch of SageVestKids, a website dedicated to helping you raise happy, financially wise children through developmentally appropriate activities and responsibilities.

Our new site has already been recognized by CNBC, Investment News, and Yahoo Finance as a rich resource for financial literacy, and we encourage you, your family, friends and others to visit SageVestKids for more information. Below are some of our top tips in brief to help you guide your kids towards financially rewarding lives. Read More

FAFSA Application Changes (August 24, 2016)

Student at college librarySageVest is committed to providing you with timely and appropriate information and updates that encourage smarter financial planning decisions and help translate your wealth potential into real life solutions of benefit to you and your loved ones.

To that end, we wanted to let you know about upcoming changes to the Free Application for Federal Student Aid (FAFSA) application process that may be of interest to you or those you know. 

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New Campus Banking Rules Benefit Students (August 10, 2016)

Group of teens with laptopIf you’re college-bound this Fall, you’ll benefit from a recent Department of Education ruling that governs certain campus debit and prepaid cards.

These cards are often marketed by colleges as an easy way for you to receive and use remaining Federal aid funds, once your tuition and other fees have been disbursed.

The new ruling, which took effect July 1, is designed to provide broader options regarding how you receive your student aid, aims to limit excessive fees, and much more. Read More

College Funding Decisions (July 29, 2016)

Male college studentHelping your teen embark on their college experience entails a host of decisions more important than which mini fridge to purchase or what color shower caddy to choose.  For parents, one of the primary decisions is how to fund the tuition bills.

Hopefully you’ve been diligent in preparing for the costs of college. There are several types of accounts you might have contributed to over the years in order to accumulate college savings. If you have balances in both custodial accounts (UGMA and UTMA) and Section 529 Plans, which should you draw upon first to begin funding your child’s higher education?  Read More

Money And Millennials: Setting Financial Goals (June 9, 2016)

iStock - Henk Badenhorst - Couple runningAs a young adult, it’s important to learn the best strategies and habits to manage your finances, both now and in the future. The earlier you understand and utilize these practices, the better. But where should you begin?

Like any journey, the road to financial success needs a destination. The first step is to define financial goals that support your personal ambitions and life objectives. These decisions will form the foundation of your broader financial plans.

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Top Ten Financial Tips For Teens Heading To College (August 21, 2015)

College Student Waving GoodbyeAcross the nation, parents are bidding a tearful goodbye as their excited teenagers head to college for the first time … or bidding on that home fitness center on eBay, as they turn their son or daughter’s room into an in-home gym before the car’s even left the driveway.

We can’t help with the emotional aspects, or with putting the workout equipment together. But when it comes to nurturing financial skills and wisdom, SageVest and SageVest Kids are valuable resources for you and your family. Following are a number of points we recommend discussing with your teenager, or in collaboration with one of our advisors, with a goal of launching your young adult on the road to life success as well as the road to college. Read More

How Grandparents Can Help Grandchildren With College Costs (September 5, 2014)

Grandparent and Grandchild Holding HandsAs the cost of a college education continues to climb, many grandparents are stepping in to help. This trend is expected to accelerate as baby boomers, many of whom went to college, become grandparents and start gifting what’s predicted to be trillions of dollars over the coming decades.

Helping to pay for a grandchild’s college education can bring great personal satisfaction and is a smart way for grandparents to pass on wealth without having to pay gift and estate taxes.

So what are some ways to accomplish this goal? Read More

Summer Jobs For Students – Tax Tips (June 24, 2014)

Girl serving in coffee shopMany students take a job in the summer after school lets out. If it’s your first job it gives you a chance to learn about the working world. That includes taxes we pay to support the place where we live, our state and our nation. Here are eight things that students who take a summer job should know about taxes.

This information regarding tax tips for students who take a summer job was recently released by the IRS. Please feel free to pass it on to anyone who may benefit from this useful advice. Please visit www.IRS.gov for more about tax rules for students, or click on the links below. Read More

Latest College Costs And Social Security & Medicare Figures (December 15, 2013)

Hand With DollarsEvery October, the College Board releases its Trends in College Pricing report, highlighting college cost increases for the current academic year, and trends in the world of higher education. While costs can vary significantly depending on the region and individual college, the College Board publishes average cost figures, based on its survey of nearly 4,000 colleges across the country.

In addition, Social Security and Medicare figures are announced for calendar year 2014. Read More

College Financial Aid 101 (February 25, 2013)

College studentMany parents pay for college with a combination of savings and financial aid. Financial aid is money distributed primarily by the Federal government and colleges in the form of student loans, grants, scholarships, and work-study jobs. Loans and work-study must be repaid (through monetary or work obligations), while grants and scholarships do not. A student can receive both Federal and college aid. By learning the basics, you’ll be able to understand how the financial aid process works, properly fill out aid applications, and compare the aid awards your child receives. Read More