College tuition rising faster than inflation is causing financial stress for many Chino Hills families. If you want to see your child in college and avoid going into debt, contact Bob Chitrathorn of Wealth Planning by Bob Chitrathorn of Simplified Wealth Management (951-465-6409)!
The amount of student debt in the US has mounted to a whopping $1.74 trillion as of Q3 2023, spread among over 45 million Americans, according to FRED data. These loans have caused over 80% of people to delay big life milestones such as making investments, traveling, buying a home, and even having a baby, results from CNBC and Acorn's Momentive survey revealed.
If you are among those families finding themselves in a difficult financial situation because of constantly rising college costs, you need a financial advisor who can help ensure your child's dream of entering their dream college won't be crushed because of money. You need Bob Chitrathorn!
The Vice President of Simplified Wealth Management is available to consult with you on viable measures you can embrace to ease college-associated financial pressures.
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Being aware that the cost of tuition at some four-year institutions could come in at well beyond $250,000, Bob Chitrathorn wants you and your spouse to understand that your child's education doesn't necessarily have to be a tremendous burden on your household finances. As such, he will educate you on the strategies you can employ to reduce college costs without resorting to student loans and having your child carry the weight of debt.
In particular, Bob will share with you strategies for trimming out-of-pocket college expenses at certain colleges, point you to mechanisms you can utilize to qualify for financial assistance, grants, and discounted tuition rates, and help you identify the most suitable college savings plan. Bob Chitrathorn will also help you devise a feasible strategy for covering financial shortfalls and research available school scholarships that your child could apply for to further reduce the cost of going to college.
"I will provide you with the information you'll need to be an informed buyer of a college education, in order to send your student to the right college, for the right reasons and at the right price," Bob Chitrathorn says.
Bob Chitrathron also believes that cutting college costs should become a vital aspect of your financial planning strategy. By allowing your child to still pursue their education goals but at a much lower price, you can significantly increase your chances of saving adequately for retirement and improve your financial outlook in your golden years.
About Bob Chitrathorn
Having worked as a financial advisor since 2004, Bob Chitrathorn currently holds the Series 6, Series 7, and Series 63 registrations with LPL Financial and Series 65 registration with Mariner Independent Advisor Network, and has life, health, and long-term care insurance licenses. In addition to college planning, individuals and businesses in Corona, Eastvale, Jurupa Valley, Riverside, Redlands, and Chino Hills can contact him if they also need guidance on financial planning, business planning, retirement planning, or insurance planning.
Earlier in 2023, Bob Chitrathorn was also article where he shared his thoughts on financial planning.
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Bob Chitrathorn is a registered representative with, and Securities and Retirement Plan Consulting Program advisory services are offered through LPL Financial, a registered investment advisor, member FINRA/SIPC. Other advisory services offered through Mariner Independent Advisor Network, Wealth Planning by Bob Chitrathorn, and Simplified Wealth Management. All are separate entities from LPL Financial.
