. Plus, I'd much rather my kids have a manageable amount of student debt than be a financial burden to them in my retirement.We won't always have to choose between our retirement savings and our kids' college education. We hope to one day be in a financial position that we can help pay for expenses like books, tuition, perhaps even room and board out of our cash flow.
College students have other ways of funding their education, from work-study jobs to living off campus, even taking on a part-time job while in school. That's not to mention the scholarships and grants they might qualify for. There are no scholarship programs for retirement, and you can't borrow for it either.Anyone actively saving for retirement is probably familiar with the tax benefits of retirement savings plans.