Juggling Retirement & College Debt with Dan Cieniewicz (Ep. 45)
Are you nearing retirement but still burdened with your kid’s college debt payments? Discover how you can potentially cut those payments in half with The College Dude.
Today on Relax, It’s Retirement, Josh Leonard and Dan Cieniewicz, CFP®, CCFC, CSLP®, a.k.a. The College Dude, delve into the world of managing Parent PLUS loans to balance funding education and retirement savings effectively. They discuss the nuances of student debt repayment strategies, income-driven repayment plans, the double consolidation loophole, and the impact on retirement planning.
Josh and Dan discuss:
- Understanding Parent PLUS loans and their underwriting criteria.
- Exploring income-driven repayment plans for managing student loan debt effectively.
- Unveiling the double consolidation loophole as a strategy to lower Parent PLUS loan payments.
- Examining the implications of student loan repayment on retirement income and estate planning.
- And more
Resources:
- Schedule a meeting with the team
- How Can You Prepare for the Rising Cost of College? With Dan Cieniewicz (Ep. 23)
Connect with Josh Leonard:
- jleonard@leonardadvisorygroup.com
- LinkedIn: Josh Leonard
- Leonard Advisory Group
- 412-998-PLAN
- YouTube: Leonard Advisory Group
- Facebook: Leonard Advisory Group
Connect with Dan Cieniewicz:
About our Guest:
Dan Cieniewicz works with parents of teenage children as they find themselves in a position to strategize to pay for college while also staying on track for retirement. Dan’s goal when working with clients is to explain the complexities of the financial aid & college application process and to strategize to make sure that both parents and children are set up for long-term success.
Dan was born & raised in Berks County. He attended Albright College, majoring in Economics & Political Science and played on the football team. Dan has obtained the CERTIFIED FINANCIAL PLANNER™ designation.
Dan is the head girls basketball coach at Warwick High School in Lititz, PA and loves working out and playing basketball. He resides in Lititz with his wife, Carly. He also became a father in March of 2022, to a beautiful daughter, Stella.
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