Retirement News : Seniors : Saving for college and retirement

Saving for college and retirement

Date Added: 07-09-2005

Baby boomers have changed the financial goals of a generation.  Often, they waited later to have children; so now they must put aside money for college and retirement expenses.

Read the excerpt below from Munster Times - Munster,IN,USA

Back in the "good ole days" when people tended to have children at younger ages, they were able to address important financial goals like saving for retirement and educating their kids at separate times.

Now, as the baby boomers have popularized the trend of starting families later in life, it's not uncommon for people to face these two daunting goals simultaneously.

If you are among them, here are some ways to prepare for when you'll start tapping both nest eggs.

Start investing for both goals now. By maximizing pre-tax contributions to your employer's 401(k) plan, you get valuable benefits from tax-deferred growth.
 
Link below to read the entire story:

http://www.thetimesonline.com/articles/2005/09/06/business/business/06416f1b3f24bfdc86257070005fcc03.txt