Thursday, December 8, 2011

Are parents supposed to pay for a child's college education, or save for retirement?

saw an article on this how parents use up most of their retirement savings to send kids to college, then the kids have to be the financial providers when the parents get older. so can it really go either way? if you do the college, no retirement, kids financially responsible OR no college, get retirement, kids not financially responsible, pay off their college loans themselves.





does it rly matter?|||It's really up to the family. There's no "right" way, it's pretty much up to the parents.|||Its however the parents can afford to do it. In reality if the child goes to a decent college then the parents can both save up for their childs college and their own retirement. Now if the child wants to go to an expensive school and the parents are not completely rich than they will probably need to choose which one they prefer to save up for.|||If possible financially they should have a college fund and retirement fund.

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