Beware! Don’t Fall Into “The College Money Pit Trap!” | Evan Giokas - E80 | The Best Interest Podcast
Jesse starts this episode discussing his “50/50 rule” of college savings. Jesse also talks about 529-to-Roth conversions (why they’re overrated!), the FAFSA, and other financial tools at our disposal for college planning.
Evan Giokas then joins the show to dive deeper into a college admissions conversation. Evan is the founder of The College Confidence Coach, which helps students through their higher educational journey. Evan covers what a “conative assessment” is, how to be cost-conscious when preparing for college, how to start college conversations with your child, and the importance of showing your values to college admissions staff..
If you’re preparing a child for college, this is the episode for you!
Key Takeaways:
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How to start the college conversation with your child
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What is the Conative Assessment?
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What is the college money pit trap?
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How to be cost-conscious in college planning
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How to optimize your FAFSA
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The “50/50 Rule” for college saving
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The pros and cons of 529–to-Roth conversions
Mentions:
📚 The Important Details Behind 529-to-Roth Conversions: link
📚 Follow the 50/50 Rule for College Saving: link
📚 University of the People: link
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The Best Interest Podcast is a personal podcast meant for educational and entertainment. It should not be taken as financial advice, and is not prescriptive of your financial situation.
