Over the next three months, Sid Jacobson JCC, in partnership with Project S.A.F.E., will host a three-part financial planning series aimed at educating the sandwich generation on how to maintain financial security while balancing the responsibilities of raising children and caring for aging parents.
The first session will focus on a 529 College Savings Plan and will take place on Tuesday, Nov. 6 at 7:30 p.m.
The best line of defense against the rising cost of higher education is to start saving early, and a 529 College Savings Plan can help do that.
The plan, which is part savings program and part investment program, is an account that can be used for college and other eligible post-secondary education institutes.
Attendees will have the opportunity to take part in discussions about the 529 College Savings Plan led by special guest Jack Schnirman, Nassau County Comptroller, and other financial professionals including: John Ryan, CLTC and partner at Ryan & Janowsky Financial Strategies Group; Peter Janowsky, Accredited Investment Fiduciary and partner at Ryan & Janowsky Financial Strategies Group; and Eric Fracasso, regional vice president at INVESCO.
“The sandwich generation is in a unique and sometimes challenging financial situation,” says Jodi Adler, director of parent engagement and education, Sid Jacobson JCC. “The goal of this Financial Planning Series is to provide resources and tools to help make informed decisions about financial situations we all may be facing in the future for ourselves, our children and family throughout one’s lifetime.”
The second session in this three-part series will cover the benefits of a long-term care insurance policy and an aging plan for your parents. This session will take place on December 5, 7:30 p.m. at Sid Jacobson JCC.
The third and final session in this series will cover the importance of not forgetting about yourself and the need to fully fund your retirement account and the power of annuities. This session will take place on Jan. 8, 7:30 p.m. at Sid Jacobson JCC.
The Nov. 6 session is free to members. Tickets for non-members are $10 and can be purchased at www.sjjcc.org/parenting. For more information on the Financial Planning Series, contact Jodi Adler, 516.484.1545 ext. 117, jadler@sjjcc.org.
