Manage episode 256507640 series 2366549
It is no secret that college tuition is expensive and many parents want to help out their children pay for a higher education. But is it worth risking your retirement? Today we will look at the factors that parents should consider when paying for their child's education. Especially for those parents that are near, or in retirement. We also answer a question from a listener who is looking to sell their farm for a little under a million dollars and does not know where to invest the money.
3:25- What do you do when your ready to retire and the kids need to pay for college.
5:53- How to prioritize saving for retirement and paying for college.
7:59- Matt gives a tip to save money for college.
10:00- What to look for when picking a school.
15:30- What you need to analyze before entering retirement.
19:48- How much long term care coverage is recommended.
26:28- Is the benefit payout an expense or an indemnity benefit? How will this affect retirement.