Successfully reported this slideshow.
Steve Stanganelli, CFP®
Save ON the Cost of College …
Not Just FOR College
The More You Plan, The Less You Pay … for Colle...
A Brief Introduction
 Steve Stanganelli, CFP®
 CERTIFIED FINANCIAL PLANNER™ Professional
 Registered Financial Advisor ...
Professional Credentials &
Memberships
Awards
Tested 529 Pro
Educational Background
BA – Economics &
Government
MS – Finance
(Financial Planning
Concentration)
Team Stang – Now
Little Miss No, Magic Zack and
Bam-Bam (aka Mr. Wiggles)
What is college
planning and
why do you
need me?
Road Map for College.
College Financial Planning
provides personalized
funding strategies to
balance paying for college
wi...
We help identify
college savings
tools,
scholarships and
strategies to
lower costs –
including school
selection.
Value of a
College
Financial Plan
Informed Buyers of a College
Education Pay Less
Action Plan for Middle-America:
Financial Aid Client
$100,000+ in free-money and tax savings including:
•Contribute $3,000...
BEFORE
•Single Mom,
• Self-employed,
• Divorced,
• One-child (HS
Sophomore)
• Hampshire College
(estimated cost $60,200)
•...
BEFORE
•Grandparents
• Guardians of grand-
daughter in HS
• Concerned about costs
and impact on
retirement
• UVA, Northwes...
BEFORE
•Hi-Tech CEO
• Daughter attending
college and 2nd
daughter
in HS
• Concerned about costs
and impact on
retirement
•...
BEFORE
•Raytheon Engineer + Self-
employed spouse
• 2 Kids – one starting HS
and one in elementary
• Concerned about costs...
BEFORE
•Self-Employed Business
Owner with comm. Property:
• 1 son starting college
after daughter finished
law school
• Co...
Value of a College
Financial Plan
Return on Investment > Fee
<$1 per day – FAFSA
$1.40 per day - Consult
$4 per day – Gold...
Who Do I Work With?
Grandparents
Growing Families
•Category 1: Financial Aid Likely
•Category 2: Stuck-in-the-Middle
•Cate...
Who Do I Work With?
Medical Professionals: Doctors,
Dentists, Nurses, Chiropractors
Business Owners, Managers,
Directors i...
Identifying My Ideal Client or Referral Source:
Memory Joggers:
Who do you know who …
• Works in Company Located Along 495...
Ideal Sponsors for
Workshops
• Guidance Counselors – Private Schools
• PTA/PTO Groups
• Service Groups – Kiwanis, Rotary, ...
Referral Tips
• Linked In
–Introduction to Contacts
• Facebook
–Like “College Cash Pro”
–Share posts through your Timeline
Q&A
• #1 Consideration for College Bound
Students?
– Too Many to List
– Focus on Grades
– Line Up References / Network
– D...
Q&A
• Pros & Cons of 529 Savings Plans?
– Con: Limited Investment Choices
– Pro: Tax-Free Accumulation & Distribution
– Im...
Q&A
• Best Options to Refinance or Consolidate
Student Loans?
– Default is 10-Year Repayment
– Options depend on TYPE of l...
Q&A
• Annuities vs Insurance?
– Depends
– Everyone NEEDS insurance
– Not a countable asset
– Consider costs and time
NEXT STEPS & SPECIAL OFFERS
Sign Up for FREE
e-Newsletter
SPECIAL OFFER
$200 Off College Cash Pro Tuition Buster Platinum...
Upcoming SlideShare
Loading in …5
×

Presentation for College Cash Pro: Value of a College Financial Planner

234 views

Published on

Parents can save on the cost of a college education by being an informed buyer and working with a qualified college financial planning specialist. Steve Stanganelli, CFP(R) of Clear View Wealth Advisors outlines the value of the College Cash Pro services he offers.

  • Be the first to comment

  • Be the first to like this

Presentation for College Cash Pro: Value of a College Financial Planner

  1. 1. Steve Stanganelli, CFP® Save ON the Cost of College … Not Just FOR College The More You Plan, The Less You Pay … for College
  2. 2. A Brief Introduction  Steve Stanganelli, CFP®  CERTIFIED FINANCIAL PLANNER™ Professional  Registered Financial Advisor (NAPFA)  Advanced Training as College Advisor  Principal, Clear View Wealth Advisors, LLC & College Cash Pro  Assisting Local Families since 1999 www.CollegeCashPro.com / 978-388-0020
  3. 3. Professional Credentials & Memberships
  4. 4. Awards Tested 529 Pro
  5. 5. Educational Background BA – Economics & Government MS – Finance (Financial Planning Concentration)
  6. 6. Team Stang – Now
  7. 7. Little Miss No, Magic Zack and Bam-Bam (aka Mr. Wiggles)
  8. 8. What is college planning and why do you need me?
  9. 9. Road Map for College. College Financial Planning provides personalized funding strategies to balance paying for college with retirement
  10. 10. We help identify college savings tools, scholarships and strategies to lower costs – including school selection.
  11. 11. Value of a College Financial Plan Informed Buyers of a College Education Pay Less
  12. 12. Action Plan for Middle-America: Financial Aid Client $100,000+ in free-money and tax savings including: •Contribute $3,000/year to Cafeteria 125 plan for tax benefits: worth $1,000/year •Converting UGMA to 529 Plan: worth $1,500/year •Liquidate and Transfer under-performing stock to 529 plan: worth $1,000/year •Reallocate $90k savings into non-assessable assets: worth $5,000+/year •SAT Test Prep increases score and secures scholarship: worth $7,000/year •Reallocate $500/month college savings to 401k: worth $2,000/year •Grandparent $10,000/yr gifting strategy: worth $7,000+/year •Education tax credits: worth $2,500/year •College Care Center Premier Service: Other College Leverage Tips: Scholarship & loan strategies, college search, appeals: $3,000+/year
  13. 13. BEFORE •Single Mom, • Self-employed, • Divorced, • One-child (HS Sophomore) • Hampshire College (estimated cost $60,200) • Expected Family Contribution = $27,000 Sample Case AFTER •Identified 4 merit- based scholarships •Identified Income and Asset Strategies •Lowered EFC to $19,000
  14. 14. BEFORE •Grandparents • Guardians of grand- daughter in HS • Concerned about costs and impact on retirement • UVA, Northwestern, UNC – Chapel Hill (estimated cost $17,000 to $70,000) • Expected Family Contribution = ???? Sample Case AFTER •Identified private scholarships •Completed preliminary FAFSA and CS/Profile •Automatic ZERO EFC •Increased 401(k) retirement savings
  15. 15. BEFORE •Hi-Tech CEO • Daughter attending college and 2nd daughter in HS • Concerned about costs and impact on retirement • Emory University (cost $60,000+) • Expected Family Contribution = > $40,000 Sample Case AFTER •Identified scholarships •Assisted with PLUS loan •Implemented PLUS Strategy to defer payments 10 years until company ‘liquidity event’
  16. 16. BEFORE •Raytheon Engineer + Self- employed spouse • 2 Kids – one starting HS and one in elementary • Concerned about costs and impact on retirement • UMass – Amherst one option (cost $27,000+) • Expected Family Contribution = > $62,000 Sample Case AFTER •Identified scholarships •Income Shifting •Asset Positioning •“Tax Scholarships” for business owner •Projected EFC = $17,000
  17. 17. BEFORE •Self-Employed Business Owner with comm. Property: • 1 son starting college after daughter finished law school • Concerned about costs and impact on retirement • Colby (cost $54,000+) • Expected Family Contribution = > $64,000 Sample Case AFTER •Identified scholarships •“Tax Scholarships” for business owner • Hire son: Income Shifting • Set up FLP • Start solo 401k •Asset Positioning •Home refi to 529 •Kiddie Condo
  18. 18. Value of a College Financial Plan Return on Investment > Fee <$1 per day – FAFSA $1.40 per day - Consult $4 per day – Gold $9 per day – Premier Service
  19. 19. Who Do I Work With? Grandparents Growing Families •Category 1: Financial Aid Likely •Category 2: Stuck-in-the-Middle •Category 3: No Needs Based Aid No Geographic Limitation but Generally Newburyport to Burlington
  20. 20. Who Do I Work With? Medical Professionals: Doctors, Dentists, Nurses, Chiropractors Business Owners, Managers, Directors in Hi Tech, Software, Manufacturing, Consulting Investment Property Owners
  21. 21. Identifying My Ideal Client or Referral Source: Memory Joggers: Who do you know who … • Works in Company Located Along 495 / 95 • May be going through a Divorce • Owns Rental Property and Has Kids (> Age 5) • Has kids attending High School, Junior High or Elementary School (ideal if at least 3 years until college) Phrases to Listen For Individual Services: “College is so expensive. How will we pay for it?” “My kid’s thinking of attending XXX College.”
  22. 22. Ideal Sponsors for Workshops • Guidance Counselors – Private Schools • PTA/PTO Groups • Service Groups – Kiwanis, Rotary, Lions • Youth Sports • Churches, Synagogues, Temples • HR Departments Opportunity for Fundraiser for Group
  23. 23. Referral Tips • Linked In –Introduction to Contacts • Facebook –Like “College Cash Pro” –Share posts through your Timeline
  24. 24. Q&A • #1 Consideration for College Bound Students? – Too Many to List – Focus on Grades – Line Up References / Network – Do Self-Assessment to Match College Major with School
  25. 25. Q&A • Pros & Cons of 529 Savings Plans? – Con: Limited Investment Choices – Pro: Tax-Free Accumulation & Distribution – Impact is only 5.64% of Parent Contribution – Better to Own in Name of Grandparent and Disburse AFTER last FAFSA Filed
  26. 26. Q&A • Best Options to Refinance or Consolidate Student Loans? – Default is 10-Year Repayment – Options depend on TYPE of loans and STATUS – Government Loans More Flexible – Check www.NSLDS.ED.gov for status – http://loanconsolidation.ed.gov/ – Income-based and Pay As You Earn options (federal only)
  27. 27. Q&A • Annuities vs Insurance? – Depends – Everyone NEEDS insurance – Not a countable asset – Consider costs and time
  28. 28. NEXT STEPS & SPECIAL OFFERS Sign Up for FREE e-Newsletter SPECIAL OFFER $200 Off College Cash Pro Tuition Buster Platinum Service or 30% Off Parent Resource Kit Like Us on Facebook for Special Offers

×