Comments on: 5 stupid steps toward retirement poverty

By: Tracy

Tracy — Fri, 13 Nov 2009 20:21:21 +0000

My company actually matches 100%…can’t believe we still have a few that don’t take advantage! My husband and I are both taking advantage of our employers’ generosity with our retirement funds. we have investment properties that will (at least partially) fund DD college. We want to have our cake and eat it too!

By: Judy

Judy — Fri, 13 Nov 2009 15:23:53 +0000

We actually have a few employees that don’t take advantage of the match. Where else can you get an instant 50% return on your money?

By: Joyce

Joyce — Tue, 27 Oct 2009 17:09:56 +0000

Or you could be selfish like me and my husband. Don’t have any kids, don’t pay for college. Put it all in the retirement fund so when we don’t have to work we can actually go have a little fun.

By: RandiG

RandiG — Tue, 27 Oct 2009 16:39:06 +0000

Or you could apportion your funds toward both, college and retirement savings. Once your child is out of college, put it all into retirement.

By: fayzie

fayzie — Mon, 26 Oct 2009 17:36:43 +0000

Joe, this is the ideal. Mom probably knew what her son is made of when she saved for his college first – BUT – should things not turn out as you intend and if she happens to not get an adequate amount saved for retirement, that leaves her without the security you both want for her. We don’t know what life holds, so I agree the wise thing is to have the retirement funds building up and let funds for education take a secondary spot.

By: Joe

Joe — Mon, 26 Oct 2009 15:35:02 +0000

Saving for college first: My mother saved for college first and is now saving for retirement. Now that she has helped me, rest assured that she will never have to go into a nurse home and will have nothing to fear about her retirement.