Why I'm Putting Retirement Savings Ahead of College Savings
As someone who graduated college with a modest pile of debt (and that's after sticking to an in-state school and working throughout my studies to pay a lot of my expenses along the way), when I had kids, I told myself early on that I'd do my best to fund their college education to a significant degree.
I know that graduating with loans held me back as a young adult. I didn't start funding a retirement account, for example, until those loans were paid off, whereas had I not had that debt, I would've started saving and investing a bit earlier.
But as important to me as it is to try to put my kids through college, I refuse to put their education ahead of my retirement savings. Here's why.
Source Fool.com
