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Reply to "Is putting $$ into retirement (not college funds) wise for older parents? "
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[quote=Anonymous][quote=Anonymous]I don't think it's fair to max out retirement and not save at all for college. I'm a single parent, age 51, and haven't been able to save nearly enough for either, but of my savings about 70% goes to retirement and 30% to college savings.[/quote] I think you've missed the point here. If you will be of retirement age when your kids go to college then it can make sense to put all your savings into retirement because you will have more flexibility that way. You will be able to use those funds for either retirement or college when the time comes.[/quote]
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