Comments on: Parenting Poll Of The Week – College vs Retirement Savings

By: meta-dad

meta-dad — Fri, 28 Mar 2008 13:52:31 +0000

It’s a tough call but the 50-50% approach is the fairest, obviously. I would side with 60-40% with a bias toward retirement.

I never site my own articles but here’s one that tlaks about exactly how much college is going to cost in 10-120 years. http://meta-dad.com/2008/01/29/funding-your-kids-future/

By: creative-type dad

creative-type dad — Thu, 27 Mar 2008 16:28:30 +0000

I completely agree with “you can’t borrow for retirement”
And you can’t get low-rate loans and scholarships for retirement either.

I got loans and worked my way through a very expensive college with no parental help.
These days, I have a small 529 for my daughter but I’m expecting her to get loans and work too.
From my own experience, friends in college that didn’t pay for their own education ended up doing nothing with their degree. It’s different when you pay for it.

By: Chuck

Chuck — Fri, 21 Mar 2008 15:50:10 +0000

But I still wonder amount how much is the right amount? The kids can always borrow money for college. I?d rather they didn?t have all that debt, but at least the option is there for them. You can?t borrow for retirement.

Roger that!