Reply to How much do you put into your kids' 529 (college fund) annually?

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Reply to "How much do you put into your kids' 529 (college fund) annually?"

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[quote=Anonymous]"Nothing. We are fully funding our retirement account (1500 a month, HHI of 160,000) and there is nothing left over for college."

Actually everything in the pop-finance literature that I've been reading for the last 3-5 years have said that this is actually smarter in the sense that it will be less of a financial strain on your children- basically college loans are less burdensome than the costs associated with supporting a retired or elderly parent- particularly with people having fewer children and having them much older, we have a population of 30 somethings with aging parents and the costs of their own younger families (generations prior didn't have parents in their 70s until they were near or in their 50s, having already raised their children)

Obviously if you can do both, that is ideal, but choosing retirement over college is (supposedly) actually better for your children financially. Again, I am getting this all from boiled down, major news sources like CNBC, CNNMoney,  and not financial journals (its not my field)- but its a trend I keep seeing in articles.[/quote]

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