I was in the “More likely to be killed by terrorists than get married” category when I got married at age 45. My youngest was born when I was 50. This means I’ll be almost 65 when my oldest (now 15) enters college, and 71 when my son graduates. In other words I’m as old as many grandparents.
We own a small business and this complicates planning. It appears some financial aid models treat the value of a business as a liquid asset. At some point I’m going to have to sell off and retire, of course.
I’ve interviewed fee-only several financial planners in Boston and they did not seem to be well versed in how to navigate the decisions of how much to devote for retirement versus college funds, small business planning, etc.Their expertise seemed more on the investment side.
We have a little time (my oldest is in 9th grade) but I’m still spinning my wheels. Any advice or suggestions are appreciated.