1. Lindy Mint says

    We haven’t made saving for our kids’ college a priority for two of the three reasons you listed above (debt and behind on retirement). I heard once that if you put a college fund above your own retirement, you are potentially burdening your children if they have to take care of you financially in the future.

    I do agree it’s a good idea to open a 529 account for other family members to contribute to, or for saving gift money. You bring up a lot of good points about creating an opportunity to teach kids about saving, investing in their own future, etc. Great article, thank you.