retirement

7 retirement-planning myths to dispel

College education should be top savings priority
College education should be top savings priority

We all want our children to become productive members of society, if for no other reason than they will no longer be dependent on us.

"I think it's admirable for parents to want to fund their kids' education so that they graduate debt-free," says Miller, "but it should never come at the expense of their retirement. It's much easier to borrow for an education than to borrow for retirement."

Further, if parents were to spend most of their money on their children's education, they could wind up depending on their children for support during their retirement years.

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
CD & INVESTING NEWSLETTER

Learn the latest trends that will help grow your portfolio, plus tips on investing strategies. Delivered weekly.

Blog

Jennie Phipps

Social Security disability tactics

If you must claim Social Security Disability Insurance, or SSDI, here are some things you need to know.  ... Read more

advertisement
Partner Center
advertisement

Connect with us