College planning

Latest Stories

Legislative Update: CARES, FFCRA and Other Federal Programs for Consumers

By Penn Mutual | April 16, 2020

Given the broad impact that COVID-19 has on the U.S. economy at large and on personal finances, legislation offers opportunity for relief. The Families First Coronavirus Response Act (FFCRA Act),… Read More

College Planning for Grandparents

By Richard Micliz | November 27, 2018

More and more, grandparents are helping pay for their grandchildren’s college education. A recent survey shows that upwards of 50 percent of grandparents are actively saving to fund these education expenses. Here are six steps you should take when it comes to college planning for your grandchildren.

Making Cents of Having Children

By Justin Cowell | July 24, 2018

Having a child brings huge financial changes to your life. It’s not just suddenly spending a lot more disposable income on things like diapers, clothes, and baby monitors, but you may also find a change in perspective. It’s important to get your financial house in order to protect your growing family.

Life Insurance Can Balance Retirement and College Savings Goals

By Penn Mutual | June 12, 2018

Parents face a tough choice: Save for their children’s college education or save for retirement. Fortunately, this is not an either/or situation, because there are strategies that allow parents to save for both needs simultaneously. One important and often overlooked tool for achieving this is permanent life insurance.

Teaching Young Adults to be Wise Spenders

By Carolyn Humphrey | April 24, 2018

When it comes to financial literacy, it’s critical to start early by teaching young children to become early savers. It is equally important to follow through during their teenage years, into college and young adulthood. Here are five ways to raise financially responsible young adults.

5 Ways to Balance College and Retirement Savings

By Penn Mutual | April 10, 2018

Saving for one goal doesn’t have to mean sacrificing the other. Try these strategies to help you prioritize and balance college and retirement savings.

Four Commitments for Financial Success

By Carolyn Humphrey | February 6, 2018

Nowhere is a commitment more essential to success than when it comes to financial success. Here are four commitments you can make now that will help you understand what you need to do to reach financial success and, more importantly, the steps you need to take to make this happen.

How to Get Your Financial Life in Order on a Snow Day

By Cara Drew | January 23, 2018

Snow days can bring a welcome respite from the rush and bustle of everyday life. Suddenly housebound with nowhere to go and nothing to do, it can be a rare chance to just sit quietly watching the snow fall, or maybe to tackle some household projects you’ve been putting off. Here’s an idea that can combine deep thought with something you might have long neglected: Take some time to get your financial life in order. Here are a few financial things to think about if you find yourself with a snow day.

How Permanent Life Insurance Can Help Secure Your Child’s Financial Future

By Penn Mutual | January 2, 2018

Purchasing a permanent life insurance policy for your kids when they’re young can offer a combination of affordably priced premiums and locked-in insurability for life. Permanent life insurance can also yield something else that may be even more important: cash value.

10 Financial Things To Do Before You’re 40

By Zachary Meissner | March 1, 2016

There truly are some important financial things you should do before you turn 40. There is a good reason for this: At age 40, you are still relatively young and healthy, and time is on your side.