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Comments

  1. says

    Raiding your retirement funds is also bad for your children because your children may have to help you financially in old age. Having said that, in some states like in NJ divorced parents are made by the state to pay for their children’s college “if parents can afford it”. Retirement savings are not taken into account when college expenses for children are considered in such cases.

  2. says

    Agree, that taking the quick fix easy way out doesn’t really help the student. It’s great when parents save the money to help pay for college, but the college age student is an adult and they need to be the ones taking responsibility for paying for that education not mommy and daddy.

  3. says

    I have a daughter in first year of college. This article really got me thinking!! Thanks.

  4. says

    It is a matter of priorities, and putting your children through college is usually on top , while retirement funds get a lower priority. That is one reason so many elderly women live in poverty. women do have to learn how to put themselves first more often, and how to manage their money better.
    Good retirement info here:
    http://www.myretirementpaycheck.org/retirement-plans.aspx

  5. ben dover says

    You cheap bastards. If any of you had any stones at all, you would give everything you own to help your kids through college. Its not all about you. Its about how you can help the next generation. And dont try to justify your selfish actions to me.

Trackbacks

  1. [...] your personal finances by building a financial fortress – Simple Financial Lifestyle.Would You Put Your Retirement at Risk to Pay for Your Kids’ College? – Financial Highway.When Does It Make Sense To Buy An Immediate Annuity – Consumer [...]

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