A Roadmap To Selecting Your Best Strategy To Fund College And Retirement…

Saving for college and retirement is a daunting task for most families. Some families try to save for both at the same time, but most families are unable to accomplish this without sacrificing their current lifestyle or going broke. For the families that must decide which one to save for, the answer is simple. Retirement funding should take priority. Retirement is the dog, college is the tail.

Since college is a more immediate problem and involves their children, many parents fund college at the expense of their retirement. This can lead to disastrous retirement consequences. Therefore, unless you are secure in your retirement plan, you should not consider saving for your children’s college costs. Children can borrow for the entire cost of college and thus, not jeopardize your retirement. In addition, most children are unlikely to contribute to their parents retirement.

This guide is designed to help alleviate these problems by showing how to plan, save, and pay for college and retirement at the same time without sacrificing current lifestyles or financial security.

When developing a funding plan for retirement and college simultaneously, long-term solutions for each funding plan are developed. When thinking only in terms of funding college, and not retirement, you may be forced to consider conservative short-term investments that may produce lower yields during college years and the years immediately proceeding the college years.

If taking a holistic long-term approach to funding college and retirement concurrently, you can invest in higher-yielding investments because of the longer time frame. You will not be forced to invest in conservative low-yielding, short-term investments for college that could have a significant negative effect on your future retirement funds.

Since there are many attractive loan programs available to you and your students to fund college, you are not forced to use conservative short-term investments or liquidate long-term investments to pay for college costs.
To make funding education and retirement a non-issue, you must consider how to:

*Maximize cash flow in order to invest funds in education and retirement accounts.

*Utilize the numerous education tax incentives provided by the IRS to reduce taxes and produce “tax scholarships”.

*Qualify for merit and need-based financial aid offered by colleges.

If you can maximize the benefits produced by the above strategies, you may not have to compromise your retirement and education goals.

This book is available on the NICCP website…see the link below:
http://www.niccp.com/categories.asp?id=40