August 1, 2018

As clients know, I question the value of college (and saving for it in the future) unless it is for very specific degrees. 

Is your college promoting reason? Or, confirmation bias? 

Heterodox Academy has created measurements of colleges that try to promote thinking, reas...

January 13, 2018

One of my biggest concerns as a financial advisor is not a market crash or missing out on Bitcoin level bubbles.

My biggest concern is the increasing push by government to play a larger role in managing and holding your investment dollars.

Mark Glennon of Wirepoints, a m...

November 12, 2017

CFP Board Ambassador offers tips for to help families avoid heavy college debtloads

Livonia, Mich., Oct. 10, 2017 – This year’s federal financial aid forms became available this month, opening the door for parents and students to take advantage of $120 billion worth of...

April 17, 2017

CFP Board Ambassador offers advice for affording college

Livonia, Mich., April 17, 2017 – With college acceptance letters arriving in the mail, students and their families throughout the country are celebrating. And with good cause: A higher education is one of the most...

December 22, 2014

If your state's plan offers a good tax deduction and a fixed option, you may benefit a little from using the 529 plan. Unfortunately, most 529 plans rely too heavily on risky investments, so check your plan options for a fixed account and the interest rate. 



February 18, 2014

While I was not able to offer a quote (but, recognized anyhow for the knowledge!) the following piece by AnnaMaria Andriotis of the Wall Street Journal does a great job of not only discussing the performance problem of many 529 Plans, but also discusses the alternative...

February 1, 2014

Clear Financial Advisors has released the Guide to Managing Your Michigan Education Savings Plan (MESP) 529 Account


Included in the guide is an analyis of the MESP as a vehicle for college savings, alternatives to consider, and our MESP 529 Model Portfolios. 


The gu...

August 8, 2013

I’ve long been a critic of 529 plans. Additional costs and a tendency to take too much risk with money you have allocated to a loved one makes their use much less attractive than many alternatives.


Oppenheimer Funds, in an effort to increase sales, is ratcheting up the...

June 13, 2012

As graduates seek to start their careers, many have high expectations, and many questions on how to get ahead. Below are four things I’ve learned over the course of my first decade in the working world.


  1. Save. Save now. Savings will not only allow you to retire one...

November 1, 2011

President Obama’s announced plans to use executive orders to change student loan payback and loan forgiveness continues a trend of increasing government support for college debtors (not savers). It’s important for young professionals that are considering how they will...

Older Posts >

Please reload

Clear Financial Advisors-Best Detroit Advisors (WXYZ/ConsumerAffairs)

July 17, 2019

Please reload


online fee-only fiduciary financial advisor blog robert schmansky
Follow Us
online fee-only fiduciary financial advisor blog robert schmansky
online fee-only fiduciary financial advisor blog robert schmansky
online fee-only fiduciary financial advisor blog robert schmansky
About Us

Detroit, Ann Arbor, and online fee-only, fiduciary financial advisor blog / podcast on retirement, investments, economy, taxes, 401k, 403b, Roth, IRAs

online fee-only fiduciary financial advisor blog robert schmansky

A Clear and Intentional Investment Plan

© Robert Schmansky | Disclaimer