College Finance 101 Greensboro NC

Okay, your child has been accepted into several colleges and has likely made a decision by this point on what college they will attend - so what next? You now need to help your child learn about how to manage a banking account as well as credit cards. That means both parents and students need to approach the college financial scene with unprecedented caution. Here are several things you should focus on as soon as possible.

M.James McKee
Stearns Financial Services Group, Inc.
(800) 881-7374
324 W. Wendover Avenue, Suite 204
Greensboro, NC
Expertises
Ongoing Investment Management, High Net Worth Client Needs, Retirement Planning & Distribution Rules
Certifications
NAPFA Registered Financial Advisor, CFA, CFP®, ChFc, CLU, CPA, MBA

Gregory Yahn
Yahn Financial Planning
(336) 478-2363
7800 Airport Center Drive, Suite 401
Greensboro, NC
Expertises
Middle Income Client Needs, Investment Advice without Ongoing Management, Helping Clients Identify & Achieve Goals, Retirement Planning & Distribution Rules
Certifications
NAPFA Registered Financial Advisor, CFP®, MBA

Mr. Robert D Hudson, CFP®
(336) 369-2982
333 N. Greene Street
Greensboro, NC
Firm
Northwestern Mutual
Areas of Specialization
Comprehensive Financial Planning, Estate Planning, Insurance Planning, Investment Management, Investment Planning, Long-Term Care, Retirement Planning

Data Provided by:
Mr. Warren David Wise, CFP®
(336) 852-8455
3515 W. Market St. #100
Greensboro, NC
Firm
LPL Financial Services
Areas of Specialization
Comprehensive Financial Planning, Estate Planning, Investment Management, Risk Management
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

Average Income: $100,001 - $250,000

Profession: Not Applicable

Data Provided by:
Mr. Bradley A. Peete, CFP®
(336) 510-5400
333 N Greene St
Greensboro, NC
Firm
Northwestern Mutual Financial
Areas of Specialization
Retirement Planning
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

Average Income: $250,001 - $500,000

Profession: Business Executives

Data Provided by:
Dennis Stearns
Stearns Financial Services Group, Inc.
(800) 881-7374
324 W. Wendover Avenue, Suite 204
Greensboro, NC
Expertises
Retirement Planning & Distribution Rules, Ongoing Investment Management, High Net Worth Client Needs, Planning Issues for Business Owners, Estate & Generational Planning Issues, College/Education Planning
Certifications
NAPFA Registered Financial Advisor, CFP®, ChFc, MSFS

Ms. Linda P. Erickson, CFP®
(336) 274-9403
301 N Elm St Ste 301
Greensboro, NC
Firm
Erickson Advisors
Areas of Specialization
Elder Care, Intergenerational Planning, Wealth Management
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

Average Income: $100,001 - $250,000

Profession: Not Applicable

Data Provided by:
Mr. Patrick N. Rush, CFP®
(336) 230-0071
333 N Greene St Ste 506
Greensboro, NC
Firm
Triad Financial Advisors
Areas of Specialization
Comprehensive Financial Planning
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

Average Income: $100,001 - $250,000

Profession: Business Executives

Data Provided by:
Ms. Bonnie Scull Cienek, CFP®
(336) 230-0071
333 N Greene St Ste 506
Greensboro, NC
Firm
Triad Financial Advisors, Inc.

Data Provided by:
Mr. R. Sherwood Greer, CFP®
(336) 272-5680
328 E. Market Street
Greensboro, NC
Firm
Oak Ridge Wealth Management

Data Provided by:
Data Provided by:

College Finance 101

Okay, your child has been accepted into several colleges and has likely made a decision by this point on what college they will attend - so what next? You now need to help your child learn about how to manage a banking account as well as credit cards. That means both parents and students need to approach the college financial scene with unprecedented caution. Here are several things you should focus on as soon as possible:

Start managing credit and debit cards before school starts: The time to start managing credit and bank accounts isn’t freshman year. While a teenager won’t build a credit history as an authorized user on a parent’s card, it’s good to get a little practice using it under a parent’s watchful eye. When a child goes on to college, the challenge will be looking for the best credit card offer amongst many and managing that credit responsibly.

Setting a budget as early as possible for basic expenses: Until the student gets to school it will be tough to tell what actual expenses will be, but it won’t hurt to set a tentative budget that involves taking full account of the student’s savings, the parents’ (and possibly the grandparents’) contribution to everyday expenses and any planned income from work-study or other sources. Go here
for a template of a budget written specifically for college students.

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