Saving for retirement or your child’s education is an ongoing debate many parents face throughout their lives, but it’s important to strike a balance between your own financial independence and funding your child’s near or long-term future.

As children get older, the case for putting their education needs first is compelling—especially considering lifetime earnings potential with a bachelor’s degree—but you still need to take care of yourself. Finding the right balance requires thorough planning and making some tough choices. Here are some tips to make the process a little easier:

 

When you’re saving for retirement and funding your child’s education, the truth is you don’t have to pick one or the other. But you do need to have a plan. Give us a call to start the conversation.