College Funding
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How You Can Maximize Student Aid: Strategies for the FAFSA and the Expected Family Contribution (EFC) To Increase Financial Aid for College
By Tracy Foote

Pay for College Without Sacrificing Your Retirement: A Guide to Your Financial Future
By Tim Higgins

The College-Retirement Solution & Tax-Free Retirement
By Dennis Stewart


•The Rule of 72

Need an easy way to determine how long it will take to double your returns?
Simply divide the number 72 by your projected growth rate.
So, if your returns are increasing by 10% per year, it will take 7.2 years for them to double in size.

•The Rule of 70

So, if your returns are increasing by 10% per year it will take 11.5 years for them to triple in size. The rule of 70 dictates how long it will take for inflation to halve the value of a dollar. Simply divide by your expected rate of inflation. For Example, if you expect 3% inflation, then divide 70 by 3. At that rate, it will take 23.3 years before the value of your money is worth half of what it is today.

•Converting you salary to a hourly figure

You're salaried employee and trying to figure out how much that wage earns you an hour, maybe for that part time job you're considering taking on. Take your salary, drop the last three zeros and then divid by the number two. So if you earn $40,000, you're left with $20 an hour. Numbers work best if you're only working a 40 hour week.

•Two Quick Calculation Formulas

There are two quick formulas that can be used to make an estimation of a life insurance need. When Calculating a clients insurance needs, accuarcy and individual goals should always be the basis of any recommendations that the advisor makes. Practicality, though, will dictate occasions where on the scene projections are necessary to open the more thoughtful discussion with the client that will lead to the correct sale. Try these formulas:
1.10 x gross income
2.5 x gross income + mortgage + debts (+final expenses + college fund) * ** The Expenses in parenthese give some room to individualize the rough calculation. These could include the mortgage on a second home or anything that might be important to the client.

•You had Better Be Running

"Every morning in Africa a gazelle wakes up. It knows it must run faster than the fastest lion of it will be killed. Every morning a lion wakes up. it knows it must outrun the slowest gazelle of it will starve to death. It doesn't matter whether you are lion or a gazelle- when the sun comes up, you had better be running."