Parents Build a Funding Plan that Considers Both College and Retirement

According to financial guru Dave Ramsey, retirement funding should take priority over funding college for your kids. Why does he feel strongly, and is there any way to save for both?

Why It’s Smart to Plan for Both

Some parents have gone as far as to take money out of their retirement funds to pay for college for their kids. We understand. This is an emotionally charged subject. You’re thinking about your kids ahead of yourself, and that is what all good parents do. At the same time, look at it from the standpoint of your children.

If you give up saving for retirement to fund a child’s college tuition and then he or she doesn’t get a great job right out of school or make good financial decisions, now you have no one to help you when you get older. This creates guilt for your son or daughter. So don’t let feelings of guilt cause you to make a decision that really may just transfer the guilt from you to your kids.

Can You Do Both?

Can you provide the necessities for yourself during your golden years and still help your kids acquire a college education? With the right planning, it may be possible. College Planning Source can help with our early college planning and funding advice, and the earlier you start, the better. So give us a call today at 858.676.0700, or you can submit our online contact form for more information.30

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To ensure the safety of parents, students, and staff, and to echo the concerns of the state regarding COVID-19, we will be taking our student counseling meetings and our student workshops online. 
Beginning today, Monday, March 16th, 2020, we will be conducting meetings via Zoom (a video conferencing software) until further notice.
For upcoming scheduled meetings, our counselors will be contacting you directly regarding the Zoom meetings.
Our staff will continue to work tirelessly to prepare for the upcoming applications season during this time. If you are currently on break, get  get a head start now and take advantage of this time to start college planning. For any questions or concerns, please contact us at 858-676-0700.



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