When trying to balance retirement planning with their children's education, most parents put the kids first.
Big mistake.
"Many young parents think linearly," says Duane Meek, senior vice president for retirement plans at Nationwide Financial Services in Columbus, Ohio. "Get a job, move up, buy a house, start a family, educate the children — and then think about retirement. But once they've taken care of the kids, there's not enough time to benefit from the compounding of earnings over 30 or more years."
How to Balance Retirement, Kids' College Costs
Source: MSNBC
How to Balance Retirement, Kids' College Costs
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