Furthermore, 67 % said that saving for college takes
priority over retirement.
«There are a lot of other things taking
priority over retirement, like owning a car or a house,» he says.
Not exact matches
So it isn't hard to see why parents might be tempted to make paying for their kids» college education a
priority over saving for their own
retirement.
Among Freeman's specific recommendations are a «20 percent federal tax credit to electricity and natural gas utilities that gives highest
priority to the efficient use of the energy they supply,» and ban on new coal or nuclear plants and
retirement of the existing plants within the next 30 years, government - funded demonstration plants for Big Solar and hydrogen, increasing federal fuel economy standards one mile - per - gallon a year
over the next 24 years, tax credits for plug - in hybrids or flex - fuel vehicles, and an excess - profits tax on oil to fund the tax credits.
Your
retirement has much a higher
priority over anybody's college fund.
It's so far away; it just isn't a
priority and information about your company sponsored
retirement account is easily glossed
over during orientation.
«Fidelity's point of view is that
retirement savings should take
priority over college saving,» explains Bernhardt.
For people
over age 50, the purchase of life insurance usually takes a back seat to financial
priorities such as trimming expenses and ramping up
retirement savings.
Respondents said that saving for a home takes
priority over saving for an emergency (61 percent) or contributing to
retirement funds (60 percent).