Reply to Do most people pay for college out of pocket?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We saved from birth as we are older parents and want to be retired by the time they start college. DH wanted to save everything in one bucket, but I wanted specific college funds for peace of mind.  The tax savings have become meaningful, but it wasn't a primary motivating factor.[/quote]

We saved a reasonable amount, but we figure we can always pull from retirement if we need to.[/quote]

That should never be a plan.  Retirement should not be tapped for anything except retirement for you and your spouse/partner. 
[/quote]

Why not?  Does it matter if we save it in a college fund or retirement plan?  Spouse will be retirement age at that point so they can take withdrawals.  Assuming they are working we will pay the difference out of pocket.[/quote]

There is no one right answer. I'm the PP. I'm the younger spouse. I want to save for college while we are both working. I don't want the timing or the quality of my retirement to be subject to college funding. If we get hit by a bus, I want a portion of my kids’ inheritance earmarked for college. I don't even care if it's entirely rational.  It provides peace of mind that I’ve accomplished a specific parenting goal.    Capping off the last of our kids’ 529 plans is one of the few reasons I work, as DH’s current income is enough to support current expenses. [/quote]

I don't want to oversave for college when we have no idea where ours will go and with one parent being retirement age it really doesn't matter where you take the money from, you are still spending the same amount.[/quote]

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