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]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]

Because you cannot take loans for your retirement, but the kid can take student loans.  What if your spouse (who is retirement age) is suddenly no longer able to work?  Would that impact your retirement?  What if you also have to retire at age 65 (or sooner due to health issues)?  Would you still have enough to live comfortably on?  Or would you wish you had the $100-200K that you pulled from retirement for college?

Obviously you can do whatever the hell you want.  But it's not a fiscally sound thing to do unless it's a drop in the bucket for you[/quote]

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