Save for Retirement First

Save for Retirement First

Do You Know What’s More Important – To Save for Retirement First or Your Child’s College?

This topic is a hot potato in many respects. Should the parent’s primary responsibility be to save for the child’s education first or to save for retirement? The answers to that question will vary depending upon who responds – the parent or the child.

As parents, we know all too well how high college costs are and the student loan problems that exist today. We all want our children to be successful and have many of the financial advantages that we didn’t have. Student loans now average $35,000 to $37,000 per college graduate, and no parent wants this burden for their child.

However, many financial advisers are of the opinion that a parent can take better care of the child if they take care of themselves first. By this, they mean that the parent should save for retirement first, then college. Following are some of the reasons View full post…

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How To Pay For College

How to Pay For College & Keep Debt At A Minimum

How to pay for collegeEvery parent that has a brand new baby is a target for very aggressive new parent marketing.  Free diapers, discounted formula, baby clubs, $1 life insurance policies, and college savings programs are all a part of this direct marketing on how to pay for college.

College savings programs are something that few parents concentrate on in the very beginning of their child’s new life.  Worrying about how to pay for college is pretty far from a new parent’s sleep deprived mind.

Considering that children born in today’s world can expect to pay around $100,000 for an undergraduate degree, college savings programs seems like a very smart move.

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