Let me start by saying...no one said you have to save for your child's college. College may not be in your kid's future, you may not have the ability to provide for their college financially, or you may not want to! All of that is just fine, if you're wanting to put something away to assist your kid with college, but have absolutely no idea where to start (like we were just a few months ago) then this post is for you!
Kevin and I decided we would like to help Lorelai with college if she chooses to do that. My main concerns:
-We are still so young, and plan to have a lot of living left to do. There are a lot of unknowns and I'm afraid to lock money away we may need in the future. For example, even though we have a great start to our retirement, what if something happens that inhibits us from putting more money away for the next 30 years (loss of a job, a disability etc.) -What if Lorelai chooses not to go to college, or doesn't need the money later for other reason…
Kevin and I decided we would like to help Lorelai with college if she chooses to do that. My main concerns:
-We are still so young, and plan to have a lot of living left to do. There are a lot of unknowns and I'm afraid to lock money away we may need in the future. For example, even though we have a great start to our retirement, what if something happens that inhibits us from putting more money away for the next 30 years (loss of a job, a disability etc.) -What if Lorelai chooses not to go to college, or doesn't need the money later for other reason…