Should you save more for retirement or for your kid's college? As a general rule, retirement savings should come before college savings, here’s why:
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Kids can take out student loans to fund their college tuition. They also have plenty of time to pay back those loans.
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Kids can delay going to college or work to save for college. They can also choose to attend a college with a less expensive tuition.
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Saving for your own retirement will mean that you will have more independence at retirement and be less of a burden to your kids.
Read more here: https://www.memphisdailynews.com/news/2016/nov/11/splitting-your-savings-retirement-or-college/
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