If you’re a parent, you want to do everything you can to help your children succeed in life. Therefore, you might think that one of the best things you can do is to save for your children’s college education. And this is certainly admirable, but could it conflict with your ability to prepare for another key goal — your own retirement?
Of course, this would not be a problem if you had unlimited means, but most of us don’t fall into that category. So, given the financial resources and income you do have, how should you approach the college-versus-retirement issue?
Fortunately, it’s not necessarily an “either-or” scenario. However, it may make sense to prioritize saving for retirement over college, for two reasons.
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