10/12/2015 – Diverting retirement savings to pay for college (CBS MoneyWatch)

Oct 13, 2015 Comments Off by

In the face of ever-escalating costs of higher education, people are often forced to shuffle their financial priorities. Here’s one telling example: Nearly one-third of Americans are willing to delay their retirement to help their children or grandchildren pay for college, according to research from LIMRA’s Secure Retirement Institute.

When LIMRA surveyed nearly 1,000 Americans in July, it found that to help pay for college, 11 percent of respondents have already reduced the amount of money they’re saving for retirement, 10 percent have already withdrawn money from their retirement savings to pay for college and 8 percent have already delayed their retirement.

Read the full article in CBS MoneyWatch.

Financial Landing 2015

About the author

The author didnt add any Information to his profile yet