Hi everyone,

Many of clients ask me how they should allocate their money in terms of saving for their own retirement versus putting money aside for college.

This question is not easily handled because most people don’t have enough funds to fund both their retirement on an ongoing basis to reach their goal, the regular expenses children occur and then save for college at the same time.

Let me say first that the start of your retirement coincides with the college years of your children, you might want to consider postponing retirement by a few years. On the other side, if your dollars are limited and you can put money into your retirement fund or the college savings, I believe that retirement has a priority. This is especially true in the years prior to college.

There are many ways to finance college, and if you are creative and resourceful, you will find them.

Let me know if you have any questions.

Patrick