You absolutely MUST fully fund your retirement account every month before you even consider putting money into a college fund and here’s why… Your kids will be able to get student loans. They will. Student loan companies will loan money to anyone with a heartbeat because there is no way to delete those debts. They can garnish your wages and levy your bank accounts to get their money if they have to. However, if you are 75 or 80 years old and you run out of money, you will not be getting a loan. Plain and simple.
Today’s In-Studio Guests:
Dan Osgood, a top San Diego Financial Planner.
John Wheeler, a Business Banker with Regents Bank here in San Diego.
Mike Watson, San Diego Credit Repair Service Provider with United Credit Education Services.