A check of your liquid assets will suffice in pursuing finance options such as a mortgage or dipping into your 401(k). However, there are red flags which your advisor will explain. Onink says that loans made from 401(k) plans should be paid off within five years lest they be slapped with penalties and income taxes, while an incomplete home mortgage can lead to foreclosure.
Every parent should plan ahead in ensuring that their children can stand on their own, especially at such a formative stage in their lives. Competent college planning advisors like John McDonough of the Studemont Group College Funding Solutions, LLC will help you do that.
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