Of course, given the cost of college these days, it almost seems like you’d need to be wealthy to cover those ever-climbing tuition bills. And saving. retirement income. For example: one easy trick.

Save for Retirement or Pay Tuition? Most Parents Are Making the Wrong Choice. With all the hand wringing over the high cost of college and amid an increasingly loud debate as to whether the expense is worth it, parents by a wide margin see saving for tuition as equally or more important than saving for retirement.

Saving for College vs. Saving for Retirement. The average growth rate for tuition at private universities was 3.7% in the 2014-2015 school year; at public universities, it was 2.9%. Over the past 10 years, college costs have increased on average by approximately 5% annually.

The financial planners advise that it is crucial to save for retirement before contributing to your children’s higher education. Your children have more options for education than you have for retirement. They can get loans, scholarships, financial aid, attend a community college first, or maybe just not go to college at all.

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It will tell you all you. up with the cash. Many years into this “amazing recovery,” the Federal Reserve found that.

"If you’re putting money aside to pay student loans, how much can you really save. Retirement Research. "The crisis is that a lot of households will not be able to maintain their standard of living.

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“Teaching isn’t like that; you’re actually paying to do student teaching.. They’re having to pay tuition. Last year, lawmakers passed a provision limiting bumps in salaries to 3 percent for.

Should You Save for College or Retirement? Is it possible to pay for your kids’ education and retire comfortably?. grow to $38,697 if you wait 10 years before getting started.. wise to save.

Before the 2009-2010 school year, Sorci”s freshman year, tuition. were comfortable. You could save and send your kids to college. I think that is threatened now. As the disparity between rich and.

Should you be saving for your own retirement or for your kids’ college funds?. families would save substantially for both expected long retirement years and full college tuition for each child.

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