Episode 28: College Savings vs. Retirement

Parents are used to sacrificing for their children, but your retirement savings should always come before saving for college.

Parents often feel responsible for setting their children up for a successful future. However, in terms of priorities, your retirement savings should generally always come before saving for college.

Once you have a pool of retirement dollars and a plan for sustaining your income and lifestyle during retirement, then you can begin considering what you can truly afford to contribute to a college education fund. This can feel unnerving for parents, but this week’s challenge is to adopt a mindset that prioritizes your own financial future.

Don’t forget to visit https://flourishfinanciallychallenge.com to login and track your progress. Complete fifty challenges and you will receive a free hardcover copy of Kathy Longo’s book, Flourish Financially, as well as a customized Amazon Echo Dot. For more information about Kathy, her firm, and the great things they are doing for people like you, visit www.flourishwealthmanagement.com Don’t forget to leave a review on our Alexa skill and keep Flourishing!

Share This Post

Subscribe To Our Newsletter

The Importance of Designating Beneficiaries

When life gets hectic and your to-do list seems endless, it can be easy to let financial planning details slip through the cracks. However, updates to your designated beneficiaries on 401(k) plans, IRA accounts, and other retirement assets is vitally important.

Learn how financial resilience strategies may support thoughtful planning, flexibility, and long-term goals through life's changing circumstances.

Building Financial Resilience: Strategies for Thriving in Uncertain Times

Life rarely unfolds exactly as we expect. Careers evolve, markets fluctuate, families grow and change, and priorities shift over time. While we can’t predict every...

Discover how to find financial clarity during life transitions and thoughtfully prepare for your next chapter.

Flourishing Through Change: Financial Clarity During Life’s Major Transitions

Change has a funny way of arriving on its own schedule. Sometimes we spend years preparing for it, as we might with retirement or sending...

A Holistic Guide to Financial Planning After Divorce

Divorce can change nearly every corner of your life. Beyond the emotional adjustment of ending a marriage, you may be navigating a new home, different...

Discover how career complacency may impact your financial future and learn ways to support long-term career growth.

When Career Complacency Affects Your Financial Future (and What to Do About It)

Most of us spend a significant portion of our lives at work. Over time, it’s natural to settle into routines, become comfortable in our roles,...

Discover how values-based investing can help align your portfolio with your values and long-term financial goals.

Integrating Purpose into Portfolios: A Practical Guide to Values-Based Investing

For many people, investing begins with practical questions. How much should I save? How should I diversify? Am I on track to meet my long-term...

Learn how investing with intention can help align your portfolio with your long-term goals, values, and financial priorities.

Investing with Intention: Aligning Your Portfolio with Your Long-Term Goals and Values

It’s easy to think about investing as a numbers game. Market returns, account balances, and performance headlines often dominate the conversation, making it seem as...

Now with Locations in:

Who We Are

Services

Resources

Clients

Contact

Flourish Financially with Kathy Longo

Join Our Mailing List

Stay up to date on all things Flourish!

Skip to content