Tag: Family Planning

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College Planning That Balances Flexibility and Growth (Ep. 19)

College Planning That Balances Flexibility and Growth (Ep. 19)

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Rising tuition costs leave many families searching for the “perfect” savings vehicle, but there isn’t one. The key is balancing tax benefits, penalties, and optionality while keeping long-term growth in mind.

Join Dan Paikin and Robert Schlesinger as they explore the importance of saving consistently, weighing the pros and cons of 529 plans, and keeping accounts flexible for real-life outcomes.

Discover how various savings tools affect financial aid, when options like taxable accounts or life insurance loans may be smarter choices, and why scholarships and vocational paths should remain key considerations in any plan.

Key takeaways include:

  • Why savings habits matter more than timing markets or chasing returns
  • The benefits and limitations of 529 plans, including the Roth rollover provision and penalties
  • Alternative strategies such as taxable accounts, life insurance borrowing, and HELOCs
  • How account ownership (529, Coverdell, UTMA/UGMA) impacts financial aid formulas
  • The role of scholarships, vocational programs, and children contributing to their own education
  • And more!

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Wisdom Through the Stages: Life, Family, and Financial Reflections with Michael Silverman (Ep. 14)

Wisdom Through the Stages: Life, Family, and Financial Reflections with Michael Silverman (Ep. 14)

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Life unfolds in stages, each with unique challenges and joys. 

Understanding and embracing these transitions can deepen your appreciation for family, career, and finances.

How do our priorities shift as we grow? What lessons shape the way we approach the future? 

In this episode, Dan Paikin and Robert Schlesinger discuss life’s phases with Michael Silverman, reflecting on family, parenting, and financial wisdom across generations. Their candid insights reveal timeless truths about personal growth and planning.

They discuss: 

  • Understanding family dynamics at different life stages and their evolving significance
  • Reflections on parenting, including the joys and trials across the spectrum from toddlers to teens to adults
  • The importance of financial habits, such as saving early and balancing life’s immediate and long-term needs
  • Strategies for imparting financial literacy to children and preparing them for independence
  • Overcoming financial fears and learning to manage priorities, debts, and unexpected events
  • And more!

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Connect with Michael Silverman: 

About our Guest: 

Michael, President & CEO of Silver Lining Insurance Agency, Inc., is responsible for new business development, as well as client relations and sales. He is a committed advisor and helps our clients make educated choices on what product or service best suits their wants. Over the years, his practical experience and proactive approach have allowed him to advise both individuals and businesses on how to identify and manage their level of risk.

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