How to Ease the Costs of College

Episode Transcript

Speaker 1 (00:00):
And our phone lines are open for you right now
six SOH eight three two one thirteen ten. That's six
eight three two one thirteen ten. If you've got questions
for our retirement planning professionals from Class Financial, love to
have you join us this morning. Anything retirement related, We'd
love to have you get on the air again telphon
number six so eight three two one thirteen ten. That's
six soh eight three two one thirteen ten. Be talking

(00:22):
about college and college expenses and paying for those kiddos
and grand kiddos, and what tuition is looking like these days.
We'll get all the details from our retirement planning professionals
going to be joined this week by CJ. Kloss and
Eric Schwartz. Of course I mentioned Class Financial. I haven't
yet mentioned the website. It's important one cossfinancial dot com.
That's Coss klaas Financial dot com. Hope you get a

(00:45):
chance to stop on over there. Not only can you
learn more about Coss Financial, they're separate divisions. You can
learn about all the folks at Coss Financial. You can
also sign up for the weekly Market Pulse newsletter available
to you online at cossfinancial dot com. There're TELP number
six so eight four four two five six three seven.
No charge for that initial get to know your appointment
tech COLSS Financial. It will be complimentary to you again

(01:06):
their number six oh eight four four two five six
three seven, as mentioned, joined this morning by Eric Schwartz
and CJ Claus and CJ.

Speaker 2 (01:14):
How you doing todayep? Oh, well maybe I think we
maybe waiting. Oh, there we go. We gotta think. CJ's
joining us in just a moment. Eric, how have you been?
We get to go to you first this week.

Speaker 3 (01:25):
I'm doing I'm doing great. Sean, how you doing?

Speaker 2 (01:28):
I'm doing well. We knew it was gonna happen sooner
or later. And it's good to talk with you. And uh,
we've got an exciting show ahead. And CJ joins us
this morning as well, CJ. How you doing this week?

Speaker 4 (01:37):
I'm doing great. Sean?

Speaker 2 (01:38):
How are you? I'm doing good?

Speaker 1 (01:39):
Good to talk with both of you, and again we've
got an exciting show ahead. And one of the cool
things too, is it always pays to listen closely to
the program. You get some fantastic information, a lot of
great knowledge stuff you can use also an opportunity to
win with the money and motion listener question of the
Class Quiz question of the week.

Speaker 2 (01:57):
We'll do the listener question corners. We'll talk about that
a little.

Speaker 1 (01:59):
Bit later, but the Class Quiz Question week your chance
to win a fantastic prize this week. No exception, our
friends from Class Financial I provided a twenty five dollars
gift card to Chewy. Tell you a bit later on
on all the specifics on how you can win with
the Class Quiz Question League little tip doll Oftentimes, both
the question and answer come up during each week's program,
so it's definitely beneficial to pay close attention before we

(02:20):
get rolling on this week's conversation about college and tuition
and expenses related to that, Let's actually roll back and
take a look at last week's program. Get the question
and answer there as well.

Speaker 3 (02:31):
Eric absolutely well. I think we joked a few weeks
ago that sometimes the questions aren't super hard, but last
week it was a it was a difficult one, I
might even say a trick question. So thank you everybody
for listening. Unfortunately, we did not have a winner last week.

Speaker 2 (02:48):
Oh my goodness, I know, I know.

Speaker 3 (02:52):
The question was if you are fifty five years old
in twenty twenty five. What is the maximum you can
put away into your four to oh one K plan
at work? And we give two choices either twenty three
thousand or thirty thousand, five hundred. The answer is actually
none of the above. The correct answer was thirty one thousand.
So really a trick question there.

Speaker 1 (03:11):
That is great, not great that that we didn't have
a winner. But I do like that.

Speaker 2 (03:16):
I do like that.

Speaker 1 (03:16):
Again, you've got to pay close attention. I know, some
of them, as you mentioned, Eric, can be a bit
of layups, and if you pay even a little bit
of attention, you generally get the idea. But again it's
definitely important to pay attention to the shows. And again
we'll have a chance for you to win a twenty
five dollars gift card to Chewy a little bit later
on in the program. So today we're going to be

(03:37):
digging into it's a big topic that you know a
lot of folks think about, which is education planning for
the kids and the grandkids and college. It's never been
quote unquote cheap, but it's definitely becoming quite expensive, rising costs.
It can get overwhelming.

Speaker 2 (03:53):
CJ.

Speaker 1 (03:54):
You know, what should families know as they kind of
begin this process and start working through this important step
in life.

Speaker 4 (04:01):
Yeah, you're right, Sean. This is this is definitely a
topic that brings a lot of stress to parents and grandparents.
So today we thought we'd walk through a bit of
a reality check on where college costs stand and how
that intersects with your broader financial plan. So, even though
our primary focus is helping clients prepare for retirement, we
do often see education planning for children or grandchildren overlapping

(04:24):
with the retirement planning goals, especially when families are trying
to save for both college and their retirement at the
same time. So here's a quick snapshot of why this matters.
Over the last thirty years, average tuition and fees of
public four year colleges have jumped one hundred and twenty
five percent after adjusting for inflation. Now, this is a

(04:50):
long time, thirty years after over the last thirty years,
the average tuition and fees, but it's jumped one hundred
and twenty five percent after adjusting for inflation. You get
the idea, right, So if I inflation adjusts my dollars
moving forward, they're still not buying me the same goods
and services. The cost has more than doubled even after
I reduce it for inflation. So another way of thinking

(05:11):
about this is private college costs have gone up about
eighty percent, but during that same timeframe, the median family
income has only risen about twenty seven percent. So no
wonder why families are feeling the pressure. Now, when you're
trying to estimate what college cost might actually cost for
your student, it's not just about the sticker price. It

(05:33):
actually varies depending upon your financial situation, academic merit, family size,
tax filing status, and even your location. So this is
where it gets tricky. Right. We just said average costs
have jumped well above what the median family income has jumped.
But then we also threw in there kind of a
curve ball, which is but you can't just look at

(05:55):
the sticker price. You have to actually understand what it
means for your student. So here's a few tools and
steps to help guide you. Number one, start with College Scorecard.
You can go to College Scorecard dot ed dot gov.
So College Scorecard dot ed dot gov and it's a
fantastic resource from the Department of Education. You'll find information

(06:19):
on costs, graduation rates, typical earnings after graduation, and even
a net price calculator for most schools to help you
personalize the numbers to again your student based in your
family situation. Number two, fill out the FAFSA, so that
stands for the Free Application for Federal Student Aid. It

(06:39):
asks for income and asset information from both parents and students,
and keep in mind that income has weighted more heavily
than assets in the formula, and once you submit, you'll
get what's now called the Student Aid Aid Index. This
used to be called, by the way, the Expected Family
Contribution the EFC. Now it is called the student aid Index.

(07:02):
Now it's basically the same thing. But that index then
sets a watermark whereby you're not going to get any
financial aid from the government unless the cost of the
school exceeds that number. So think of it as you
fill out the FASA and it says your student aid
indexes I don't know, let's call it eighty thousand dollars.
Then you're not going to get any financial aid even

(07:24):
availability unless the cost per year is over eighty thousand dollars.
You see the point, So fill out that FATA, go
through that process, and the number three would be to
understand your financial need. The student aid index is subtracted
from that school's cost. Now what's kind of interesting is,
you know, tools like the college scorecard or the school's

(07:46):
common data set can give you insights into how generous
a particular college tends to be. But just because you
show a financial need, So say your student at index
is very low, we'll call it ten thousand dollars, and
so anything over ten thousand dollars, you know, shows a
financial need, it doesn't mean that the school has to
fill that gap with you know, grants or scholarships or

(08:10):
institutional aid. It could just go unfilled. So you're going
to want to have an understanding of if you show
a financial need, will the school cover that need, and
if so, how and if not that school, what about
other schools? So there you go. We're getting to a
really complicated and expensive topic today, but it can be

(08:31):
very meaningful to young family.

Speaker 1 (08:33):
Some great benefits out there as well, as long as
you understand kind of how to work through it and
understand what it actually all means. That's a great thing
about getting the chance to meet with us CJ and
Eric each and every week here with Money in Motion,
brought to you by Class Financial some always always some
fantastic information for you, don't forget. You can learn more
about Class Financial on their website COLSS financial dot com.
That's coss k l a A S Financial dot com

(08:54):
delphin number six. So eight four four two five six
three seven. No charge for that initial get to know
you appoyment tech Los Financial, It will be complimentary to you.

Speaker 2 (09:02):
So okay.

Speaker 1 (09:03):
So once we've got you know, an understanding of the
likely cost, Eric, what the most common ways then for
folks to start And I've right into your wheelhouse right here,
I'll start saving and planning for those expenses.

Speaker 3 (09:16):
Yeah, I think it's safe to say the most common
option for saving specifically for college at this point is
a five to twenty nine plan. Now wisconsinights may know
that better as Edvest or Tomorrow's Scholar. Those are the
state specific programs that we have here in Wisconsin, but
they all fall under the category of a five to
twenty nine plan. So the reason that they're so popular

(09:40):
is these accounts offer tax deferred growth and as long
as the money is used for qualified education expenses, the
withdrawals are actually tax free. So if you think about that,
if you put one thousand dollars into one of these accounts,
and then you know, over the years that the dollars
are sitting there, you're not paying taxes each year on
any of the interest or dividends. And then on the

(10:01):
back end, when you take money out, any of that
growth is still tax free. There's no federal contribution limit
and no income limits for making contributions, so this kind of.

Speaker 4 (10:12):
Works for everybody, whether you have really low.

Speaker 3 (10:14):
Or really high income. Many states offer a state tax
deduction or a credit for contributions if you use the
state plan. That is the case here in Wisconsin at
Best in Tomorrow's scholar both have A five. You can
can deduct up to five thousand dollars of contributions per
beneficiary per year, so that can help you out on

(10:37):
the state income tax return. And then the concern you'll
sometimes hear is like, well, you know, what, if what
can I actually use these dollars for? And we've seen
that we've seen that definition expand quite a bit in
recent years here and some recent legislative changes back in

(10:57):
the Secure Act, made five and nine is even more flexible,
so you can now use up to ten thousand dollars
of A five twenty nine to repay student loans and
then as a results of the tax cuts in Jobs Act,
you can also use up to ten thousand dollars per
year for K through twelve tuition, so it doesn't have
to be a college program. Now, not all states will

(11:18):
recognize that as a qualified expense, so check with your
tax advisor. But like I said, we are seeing the
the definition of what qualified expenses are expand quick.

Speaker 1 (11:26):
Oh that's good news to hear as well. As we
talked this morning with Eric Schwartz and CJ.

Speaker 2 (11:30):
Closs.

Speaker 1 (11:31):
They are our retirement planning professionals from Coss Financial. Their
website it is Cossfinancial dot com. That's Coss k l
aas financial dot com. Great place to learn more about
Coss Financial. You can also listen back to this in
previous shows podcast as well. Again, those all available to
you at Cossfinancial dot com. Tel for number six soh
eight four four two five six three seven. No charge

(11:52):
for that initial get to know you appointment at Coss Financial.
It will be complimentary to you. Again that number six
oh eight four four two five six three seven just
mentioned those five twenty nine plans. What if your kid
doesn't good grant kid or grand kid doesn't go to
college or there's money left over. We'll get some of
the details on that next as Money in Motion with
COSS Financial continues right here on thirteen ten, Wiba talking

(12:14):
with our retirement planning professionals from Class Financial, CJ. Closs
and Eric Schwartz. Of course they mentioned they come to
us from Class Financial. I hope you have a chance
to get over to the website cossfinancial dot com. That's
coss k l aasfinancial dot com. Great place to learn
more about CJ, Eric and the whole team at COSS Financial.
Also an opportunity there. Signed up for the weekly market
Paul's newsletter. It's a nice weekly email. Gives you a

(12:36):
linked in the most recent podcast. Also snapshot of what's
been going on in the markets. Again, that available to
you at cossfinancial dot com. Speaking of things available to you,
the telephone number six oh eight four four two five
six three seven. Don't forget no charge for that initial
get to know you appointment at CLSs Financial. It is complementary. Again,
they're telephone numbers six O eight four four two five
six three seven. Talking college tuition this morning on the program,

(12:59):
and just before the break, Eric had laid out the
five twenty nine plans. I think a lot of folks
are are familiar to some degree about them, and laid
out some of the some of the really great benefits
of making use to them, and how they're becoming more
and more useful and CJ. What let's let's play out
a scenario where maybe your child or grandchild doesn't go
to college, they take a different life journey, or maybe

(13:21):
they they do go to college, but there's still money
left over in the five two nine.

Speaker 4 (13:26):
What happens then we suggest you just force them to
go Yes, exactly, that's kidding. Yeah, that's the question of
what to do with these unused funds. It's probably, you know,
one of the most common and valid concerns that we hear.
But there are some great options. So even though contributions
are considered completed gifts to the beneficiary, the account owner

(13:50):
still has control. So think of this as I'm gonna
I'm gonna use my children's five twenty nine I when
I put money into their five twenty nine plans, there's
gifting rules you I want to know what those rules are.
We've dedicated probably a dozen entire shows to the gifting rules.
But I complete a gift into the five twenty nine
plan for the beneficiary, I'll say my oldest daughter. Now,

(14:13):
even though I've completed that gift into that account, I
remain in control of when money comes out of that
account and who the beneficiary actually is. So I can
change the beneficiary if I wanted to, to another eligible
family member, or even to myself or a niece or
a nephew or whoever, so that they can pursue education further,
So good news is it doesn't have to be used

(14:35):
for that original beneficiary. And if you don't end up
using the money for qualified expenses and you pull the
money out, just say, because you ah, you know this
money can't be used for anybody, I'm just going to
pull it out for myself. Just know that only the
earnings are subject to a ten percent penalty and federal
income tax. Some states might tax the earnings to to

(14:59):
recapture some of the lost state income tax, but that
depends on your state. So I mentioned you can change
the beneficiary to yourself. The only reason you want to
do that is if you have qualified education expenses you
want to pay for. But if you just pull the
money out to yourself, whether the beneficiary or not. And
you say, ah, I'm not going to use it for
qualified purposes for anybody. Well, that's where the growth suddenly

(15:22):
becomes subject to federal income tax, potentially state income tax,
and a ten percent penalty, which all I would say
to you, all is less than ideal.

Speaker 1 (15:30):
I was watching college football over this past weekend and
they highlighted a seventy It was a seventy two year
old freshman on one of the marching bands.

Speaker 2 (15:39):
So you mentioned, see, yeah, you.

Speaker 1 (15:42):
Never know, you never know when some of these things,
you know, if it's never never better late than ever.
And of course you mentioned you know some of the
options with five two nines and some of the ways
that it can be used as well. Really fascinating stuff.
This is fun topic and an important topic as well.
Of course I kind of scratched the surface on on
these conversations.

Speaker 2 (16:01):
There's a lot to it. Don't forget.

Speaker 1 (16:02):
If you missed part of the program you want to
learn more, you can always head on over to cossfinancial
dot com. That's Coss k l a A S Financial
dot com. Great data. Start that conversation pick up. Phe
gave a call six O eight four four two five,
six three seven. Don't forget that initial get to know
you appointment at COSS Financial. It will be complimentary to
you again their number six oh eight four four two
five six three seven. So as we kind of talk

(16:23):
then about about five two nines and uh and uh
some of the options there, let's kind of get in
a little bit more to that, CJ. What are some
of the new options that are out there for some
of those unused funds.

Speaker 4 (16:36):
Yeah, so some of you right now are who know
about the new options, are going Wait, they're not talking
about the new options, So don't worry. We know this
is one of the more exciting changes that that happened
under Secure Act two point zero that began back in
twenty twenty four. You can now roll over unused five
twenty nine funds into a roth IRA for the beneficiary

(16:56):
as long as you follow some rules. So number one
is the five twenty nine must have been open for
at least fifteen years rule number two. You can roll
over up to the annual roth IRA contribution limit currently
seven thousand dollars if you're under the age of fifty,
with a lifetime limit of thirty five thousand dollars. Now,

(17:18):
remember the beneficiary, not you, not you, maybe the account owner,
but whoever the beneficiary is, which could be. You must
have earned income to allow for the rollover up to
the limit, and you have to be eligible for that
as well. So contributions made within the last five years
aren't eligible for the rollover. Think of this as I've

(17:39):
had it open for fifteen years, but i only put
one dollar in for the first ten years, and now
in the last five years I've put in a bunch
of money. Well, contributions made within the last five years
to that five twenty nine plan are not eligible for
the rollover to the roth Ira And importantly, there are
no income limitations for that rollover. So normally, when you
have a roth Ira contribution, you have to meet certain

(18:02):
income limitations. If your incomes to how you're not eligible
for roth Ira contributions. In the case of the five
twenty nine to the roth Ira, the income limitations go away.
So here's what I'd say everybody, this stuff gets tricky.
Following the rules for an organization like ours quite simple, right.
We have checklists, we have flow charts that we go through.

(18:25):
We just make sure that you're going to do something
you're eligible for the average consumer. I mean, I maybe
you guys are a lot smarter than me, but it's
a lot. It's a lot to know the original law,
the migration of the laws, the new rules, and all
of that. So I would just encourage you does not
need to be Closs Financial, but I would just encourage
you get a really good CPA, a really good financial

(18:47):
advisor who helps you follow the rules. Because if you
follow them, it's great. You can within those rules, do
a lot, a lot, a lot of great things. But
if you suddenly step out of line because you're you're
thinking of an old rule instead of the new one,
it can be pretty painful.

Speaker 1 (19:02):
That's a really good, really good advice, as always from CJ.
Closs and Eric Schwartz. They are our retirement planning professionals.
They come to us from Class Financial. The website Coss
Financial dot com. That's Class k l A A S
Financial dot com. Great website and resource. They're telephon number
six so eight four four two five six three seven.
No charge for the financial get to know you appointment
tech Loss Financial. It will be complimentary to you again.

(19:23):
Their number six oh eight four four two five six
three seven as fantastic and as amazing as five two
nine are. There are other options as well out there
that you can be thinking about when it comes to
helping your kiddo or grandkid with college expenses. We'll talk
with guys about that next as Money in Motion with
Class Financial continues right here on thirteen ten wib A

(19:44):
talking this morning with CJ. Closs and Eric Schwartz. They
are our retirement planning professionals from Class Financial website COSS
financial dot com. That's Coss k l a A S
Financial dot com. Great website. Their teleph number six O
eight four four two five six three seven. No charge
for that initial get to know you appointment tech costs financial.
It will be complimentary to you.

Speaker 2 (20:03):
Again.

Speaker 1 (20:04):
They're number six oh eight four four two five six
three seven. Talking about ways to help out your kid
or grandkid with college expenses. Talked about the five two nines,
five to nine plans, what a great tool they can be.
There's other things out there as well, and let's talk
about some of those those more creative ways, Eric, when
it comes to helping out those kids, whether you're a

(20:25):
grandparent or parent, helping them cover some of the costs
of college.

Speaker 3 (20:30):
Yeah, like I said, earlier. Five twenty nine's are one
of the more common programs we see people using, so
we tend to talk about those a lot, but there
are a few other options worth considering.

Speaker 4 (20:40):
One.

Speaker 3 (20:40):
The first one I'm going to talk about here is
pretty simple. It's paying tuition directly to the school. So
this is as a parent or grandparent. It's a great
strategy because tuition payments made directly to a college are
actually not subject to gift tax rules. Now, this only
applies to tuition, so it doesn't count for room and
board or books or anything like that, but it is

(21:02):
a way to be able to give without having to
be cognizant of the amount that you are giving. The
second option for helping out here is helping on what
I would call on the back end here, so paying
off student loans after graduation. This won't affect the student's
financial aid eligibility, and your child or grandchild can deduct

(21:23):
up to twenty five hundred dollars of student loan interest
on their taxes. Now if you do, if you do
gift more than nineteen thousand a year or thirty eight
thousand for married couples, the excess may need to be
reported for gift tax purposes, So just two kind or
one important distinction between the two of those noticed in

(21:44):
the second one, where you're paying off student loans after graduation,
you do need to be cognizant of those gifting rules,
whereas paying tuition directly to the school does not actually
trigger those roles. And then the last one here I
want to talk about is is setting up a trust
to fund education. So this is definitely a more involved,
probably more expensive option, but it does give you a

(22:07):
lot more control, so you can specify how and when
the money is used, and it can be kind of
structured to align more with your values. Now, downsides, like
I said, legal fees to set it up and maintain
it can be high, and once you fund a trust,
the gift is typically irrevocable, so you can't just take
it back. But one advantage I would say for a

(22:30):
trust for education is it does have more flexibility in
terms of contribution amounts and what the funds are actually
used for in the end. So that's an option as well.

Speaker 1 (22:42):
Great stuff this week, as always from our retirement planning
professional CJ. Closs and Eric Schwartz. Don't forget online class
Financial dot com tel for number six o eight four
four to two five six three seven. No charge for
that initial get to know your appointment at Class Financial
that is complimentary to you again their number six oh
eight four four to two five six three seven. So,
you know, kind of breaking it down to just the

(23:03):
core of it all is thoughtful planning and of course
making those making those efforts. Families they can really prepare
for these these rising educational costs, can't they?

Speaker 4 (23:12):
Eric, Yeah, actually, I'm going to take this part at
the end part no worries, so absolutely, Sean, You're exactly right.
Every family is different and there's certainly no one size
fits all answers it relates to this, but by starting early,
working with a good financial advisor, you can create a
strategy that balances both your retirement goals with your desired

(23:34):
support for your children or grandchildren's education. And let me
just say, beyond what we have lined out here today,
whether you be the grandparent who said, oh, I'm not
having to balance, you know, between saving for retirement, I'm
just wanting to put some money aside, well that's that's
actually great. From the grandparents standpoint, it can be simpler.
Do I have money to save, I'm already retired. Where

(23:56):
do I put it? YadA YadA, from the standpoint of
the parent who trying to say for that child, significantly
more complicated. And it's the complication of what we just
talked about, the rising cost of education that often outstrips
your income earning. But then secondarily the how do you
even talk to your children about this? So I just
you know, Eric knows this, but I cannot stress enough

(24:19):
to you. Please get ahead of this. Don't don't do
the following. Don't say to your children, especially if you
can't afford to say this to your children. Hey, let's
just go visit some schools and you know, if you
can get it into a great school, like, we'll work
it out. Now. Some of you are going, ooh, that's
what I tell my children. That is so dangerous. The

(24:43):
reason it's dangerous is because the school they get into,
especially if this is not an in state school or
a school without reciprocity for the state of Wisconsin, you
could end up in a position where your child gets
into a school that costs sixty grand a year, and
for the average American family, they can't even get close
to covering that. Now, often we'll hear parents say, but

(25:04):
that's okay, you know, we'll just still get student loans.
Well two things. No, they won't for undergraduate education. It's
only about five six thousand dollars a year that actually
a student can get loans on the other ones are
known as parent plus loans. Those are loans that you
have to get. And so listen to everybody. Just cannot
suggest enough work with a good financial planner. They will

(25:25):
not only help you avoid those pitfalls of statements that
you can't basically follow up on with your children, but
then on top of that, they will help you find
the schools that still are great, that still do make
your children excited and happy, but that also meets a
budget that you can afford. So strong suggestion to everybody
find good advisors to help you manage the tension between

(25:48):
saving for your own future and helping your children choose
wisely for their college education.

Speaker 1 (25:53):
I ask you a quick question, see jaysonce I've got
you and I get the opportunity to ask questions, are
there any if you have come across any employeers that
automatically allow or is it allowed to automatic with much
like your four oh one K into five two nine?

Speaker 2 (26:06):
Is there anything like that out there love it.

Speaker 4 (26:09):
Sean. As a matter of fact, if anybody who's living
here in the state of Wisconsin, you can go to
the ed Vest website and actually they have a whole
section for employer deduction. And now, interestingly enough, this is
not like a normal four to one K plan, where
the four one K plans are a little bit different
and unique. The employer has some responsibility for picking investments.

(26:30):
They're a co fiduciary of the plan, YadA, YadA. In
this particular case, it would just be more going to
the employer and saying, hey, it's almost like I have
another bank account. Hey, I have another account that I
just want you to dump money into out of my payroll.
Will you accept this kind of certificate to prove that
I have this account open for my child and just
dump fifty bucks a month into it. Many employers will

(26:50):
say sure. Now, I should say many employers with robust
accounting departments. So small employers will go, no, I don't
even know what you're talking about, but yes, it is
an option for your employer to just siphon off money
before you get paid. Now, just everybody knows the fact
that they're doing that, doesn't actually do that much for you,

(27:11):
it's still taxable income to you. You then have to
go notify your accountants. It's no different than you doing
the auto contribution out of your checking account. But if
you would prefer to have your employer do it and
they're willing to accommodate, great, So yeah, great question.

Speaker 1 (27:26):
Sean much less likely to forget as well, which exactly
is exactly the best talk this morning with CJ. Closs
and Eric Schwartz. We always have a lot of fun
a lot of great information as well on the show.
Don't forget if you missed any part today's programmer, you
want to listen back to previous shows, you can subscribe
to the podcast right online at cossfinancial dot com. That's
Coss k l aas Financial dot com. Great website there again,

(27:48):
sign up for the weekly Market Pulse news letter letter.
Listen back to the podcast, gets into the team all
that much more. Coss Financial dot Com. They're telephone number
six o eight four four two five six three seven.
No charge for that initial get to know you appoyment
at Class Financial. It will be complimentary to you again
their number six oh eight four four two five six
three seven. Going to hold on to that telephon number
as well. Because it's time now for the class quiz question.

Speaker 2 (28:10):
Of the week. We better have a winner this week.

Speaker 1 (28:12):
This week's class quiz question of the week is this
true or false? Over the last thirty years, average tuition
and fees at public four year colleges have jumped one
hundred and twenty five percent after adjusting for inflation. Is
that true or is that false? Telephone number six oh
eight four four two five six three seven again, that's

(28:34):
Class Financial Office right here in Madison. First call with
correct ance'll win that twenty five dollars gift card to
Chewy again their number six oh eight four four two
five six three seven.

Speaker 3 (28:43):
C J.

Speaker 2 (28:43):
Eric.

Speaker 1 (28:44):
It's always fun talking with both of you guys. Have
a great day. We'll do it all again real soon.

Speaker 3 (28:48):
Thanks Sean, Thanks Sean.

Speaker 2 (28:49):
News comes your way next right here thirteen ten w
Iby