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PLANNING FOR COLLEGE? DON’T RAID THE RETIREMENT ACCOUNTS

By Brian Ballou – South Florida Sun-Sentinel.

Paying for college is easier if you plan ahead. We shared some college financing tips with Brian Ballou of the South Florida Sun-Sentinel. One of the most important? Set boundaries on how much you are able and wiling to pay, and encourage your child to take on as little debt as possible. Even small amounts are hard to pay back. And as tempting as it may be when that big college bill is due, don’t raid your retirement savings accounts to come up with the money. While your child has a lifetime to pay it back if needed, you don’t. (Read the full article here)

29 Apr, 18