Tehachapi's Online Community News & Entertainment Guide
Tehachapi's Online Community News & Entertainment Guide
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Continued from the October 11, 2014 issue. If possible, save for your retirement and your child’s college at the same time Ideally, you’ll want to try to pursue both goals at the same time. The more money you can squirrel away for college bills now, the less money you or your child will need to borrow later. Even if you can allocate only a small amount to your child’s college fund, say $50 or $100 a month, you might be surprised at how much you can accumulate over many years. For example, if yo...
You want to retire comfortably when the time comes. You also want to help your child go to college. So how do you juggle the two? The truth is, saving for your retirement and your child’s education at the same time can be a challenge. But take heart--you may be able to reach both goals if you make some smart choices now. Know what your financial needs are The first step is to determine what your financial needs are for each goal. Answering the following questions can help you get started: For re...
