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Do you pay for college, save for retirement, or try to do a bit of both?

Asked by Qipaogirl (965points) March 12th, 2013

If I had tons of money, I would do both, but as I do not… My child will be off to university in three years. I have some savings, and am in a new career field, not by choice, so I am starting over in my mid 40s. The cost of tuition can be managed, I know, but even choosing less expensive schools, and trying for scholarships, it’s still a lot of money. I am nervous about being in a new career, and how that will pan out for me. I have money saved for both retirement and college, but I am not certain if I should keep saving for both equally or if I should give the edge to one over the other. What are your thoughts, please, thank you!

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