Strategic Moves For a Rich Retirement
Most people have saved little or nothing for retirement, which means they are already facing a standard of living in retirement that is lower than what they are used to. And parents feel a responsibility to help their kids get through college without an enormous debt load. In a T. Rowe Price survey, 53% of the parents interviewed said they would rather raid their retirement savings than have their children take out loans to pay for college. Forty-nine percent said they were willing to delay retirement, if necessary, to pay their children’s tuition.
