Most-Common Money Mistakes: Letting College Trump Retirement
You don't need to be told that managing your personal finances can be tough. Virtually anyone reading this will be able to say truthfully that money is tight in their household. Too many things need to be done, and there's not quite enough income to cover everything. So we all make choices. We prioritize. We postpone.
And, with embarrassing frequency, we also blunder.
In this Motley Fool Answers podcast, co-hosts Robert Brokamp and Alison Southwick have invited certified financial planner Josh Strange, the founder of Good Life Financial Advisors of Northern Virginia, to talk about the five most common money mistakes he sees his clients make, and how we can avoid them.
In this segment, the bad tactic in question masquerades as "good parenting": paying for your kids' college, even if that means putting your retirement savings on the back burner. (Or worse, taking it off the stove entirely.) They also consider that often massive outlay for college itself, and how to better weigh it as both an expense and an investment.
Source Fool.com
