Reply to How old are you and how much do you have saved in retirement?

Forum Index » Money and Finances

Reply to "How old are you and how much do you have saved in retirement?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote]I'm not the PP you quoted, but I think you're missing his/her point.

[b]Just because you have a college savings plan, that doesn't automatically decrease the need for financial aid. It's not that simple. [/b]
If you have a college savings plan for your DC, it just means that you put a priority on saving for DC's education. Maybe you saved for college but didn't save for retirement. [/quote]

&lt;headtokeyboard&gt;  What the what?  If you have a college savings plan it doesn't automatically decrease the need for financial aid?  Of course it does!  Yes, there are a lot of factors that go into the aid decision, but if there are two students in identical situations, except that one has $40,000 in a 529 and the other doesn't, the one with the 529 needs less aid.  How can this be remotely controversial?

[b]If you saved for college in a 529 and not retirement, you're an idiot,[/b] yes.  But you don't need financial assistance for college (or as much, anyway).  You need help with retirement.  That's not the point of the financial aid.  [/quote]

Gimme a break.  Of course I get that.

And, I think we're simply trying to make the same point.  That it's ridiculous to save in a 529 and not save for retirement.  That's what most of the PPs were trying to say.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics