Parents of upper-level high school and college students should be well into the college planning phase of life. The FAFSA is an essential part of planning for college expenses, and one incorrect answer could cost you money, time, and opportunity. RIA Advisors Senior Advisor, Danny Ratliff, CFP, and Senior Risk Management Consultant, Chris Liebum, LUTCF, share insights and advice for successfully maneuvering through the financial aid maze associated with the Free Application for Financial Student Aid, a.k.a, the FAFSA. 1:17 - What is a "FAFSA?" 2:00 - What are the biggest mistakes? 3:06 - Timing is everything 3:57 - Disclosure is Important 5:18 - The One Thing You Should Do 6:57 - The Family that FAFSA's together... 8:08 - Post-FAFSA Filing Expectations 8:57 - Changes in Attitudes, Changes in Latitudes 10:00 - Award Letters are Not Created Equal 11:50 - Using the IRS Validation Tool 12:30 - How to Apply for Aid to Additional Schools 12:59 - Is the Estimated Family Contribution uniform for all schools? 13:35 - Long-distance Planning 14:08 - Notification of Changes 14:55 - Dealing with Deadlines & Timelines 16:25 - You Don't Make Too Much Money; do the FAFSA anyway 17:13 - Is the FAFSA useful for private schools? 17:57 - What is the impact of educational savings plans to FAFSA? 18:55 - Updating FAFSA for 2021 Taxes 19:32 - Retirees filing FAFSA 20:15 - Properly preparing to fill-out your FAFSA 21:43 - Chris' Best Day _________ ➢ Watch The Real Investment Show LIVE every morning on our YouTube Channel: www.youtube.com/c/TheRealInvestmentShow ➢ Listen to The Real Investment Show every morning on Apple Podcasts: https://podcasts.apple.com/us/podcast... ➢ Upcoming personal finance online events: https://riaadvisors.com/events/ ➢ RIA Newsletter: Subscribe to our free newsletter for market updates, analysis, financial tools and more: https://realinvestmentadvice.com/news... ➢ RIA Pro: 30 Day Free Trial: Sign up for in-depth analysis, research, portfolio models, and more: https://riapro.net/homeand more: https://riapro.net/home ➢ Financial Survival Guides (Free Download): Your must-have finance and tax planning strategies in unprecedented times: https://realinvestmentadvice.com/fina... _________ Visit our Site: www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #FAFSA #CollegePlanning #FinancialAid #FinancialPlanning #CollegeTuition |
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