Jul 27, 2020
Welcome to a new week and a new theme here on the One Minute Retirement Tip!
This week I’m talking about how to pay for college & save for retirement. A big problem that many people face as they approach retirement is that right around the time you’d like to retire, you’re also staring at expensive college bills for your kids right in the face.
I’ve seen many parents make mistakes in their decisions on paying for their kids college, and I’ve also seen many parents set themselves and their children up for long-term success because of the smart decisions they made.
Since you can’t go back in time and start saving for college like you planned to when your kids were still in diapers, my tips this week are addressed to the majority of parents who didn’t save enough over the years to cover expensive tuition bills. You want to support your children and help pay for college so they’re not burdened with debt until they’re 45 years old.
But when it comes down to it, how do you balance the competing needs of trying to get your kids through college without mountains of debt with your own needs to save for retirement? That’s what I’ll be talking about this week - how you can keep both of these 2 competing priorities in their proper place.
Thanks for listening. My name is Ashley Micciche and this is the One Minute Retirement Tip.
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