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College and University Discussion
Reply to "Did you folks not do ANY saving?"
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[quote=Anonymous]WTF does saving for retirement have to do with college. There is something called power of compounding. Pretty much over 40 very hard to save for retirement. You start the 401K at 21 and pretty much by 46 and 25 years in you let compounding take over. My wife quit work for good at the age of 36. She is currently 54. She has $500,000 in her 401k from old company. At 11 years to retirement that number may double without reinvesting at all. Bascially you snorted coke and partied all your 20s and 30s and did to save for retirement and now in your 50s want your kids to pay for it by robbing their college funds. [/quote]
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