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Don’t risk retirement when paying for college education

As graduation season approaches, financial planner Michael Garry often finds his advice to clients balancing retirement and college savings goals falling on deaf ears. “I tell them not to do anything (in terms of college spending) that will jeopardize retirement, and they all fight me on that,” he said. “People look at how much money they are making and don’t want their kids to be burdened with debt.” Though student debt is a big problem, parents rarely consider possible income shocks like job loss that could derail both goals…Read More

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