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Saving for Retirement and CollegeFinding balance between retirement savings and college savings represents a challenge most families need help managing. If you feel overwhelmed, you're not alone. The struggle is real, especially when parents consider whether to withdraw from their retirement savings to pay for college.
Saving for college with a 529 is a good idea
Although few families can save enough to fully pay a college bill, it makes sense to save as much as possible given your family’s financial position in order to minimize college borrowing in the future. Saving a dollar today is better than borrowing one tomorrow.® This simple example shows why