Best Steps to Balance College Savings With Long-Term Retirement Financial Needs

Reporter: Brian O'Connell

Publication: U.S. News & World Report


Deadline: May 12, 2017 5:00 pm

Most retirement savers have been told, or hopefully so, that raiding their 401k’s to pay for college is a bad idea and a real retirement-savings drainer. But that doesn’t solve a big problem for U.S. heads of families. So what’s the best way to save for retirement and save for college at the same time without breaking the bank? What are a family’s best options in covering both savings needs? The best tips, strategies, and mistakes to avoided are needed.

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