Choosing Between Paying for Your Child’s Education, and Saving for Your Retirement
In this somewhat conflicted article appearing in Barron’s magazine, retirement contributor Gail MarksJarvis seems to chastise parents who pay for their children’s college education without simultaneously saving enough for their own future retirement. The article’s intent – to encourage parents to continue contributing to their nest egg while paying college tuition fees for their children – loses strength by indicating that those who do not do so have somehow broken a promise (to their financial advisor?). One must ask how this opinion fits into the national debate over young adults graduating with overbearing student loans, in many cases resulting from college tuitions which have ballooned from non-educational programs at many universities. In the end, the general intent of the article – that continuing to build your retirement nest egg even when life’s demands make it difficult – is an important point that needs to be made. Click here to read the Barron’s article by Ms. MarksJarvis.
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