POST 50
09/30/2013 09:48 am ET

Retirement Planning Versus College Savings

deckchair with 100 dollar bill as lying surface in front of white background, cutout with shadow
deckchair with 100 dollar bill as lying surface in front of white background, cutout with shadow

Dear Retirement Adviser,
I am 42 years old with children ages 3 and 4, and I have an eye toward retirement someday. My friend recently began monthly payments for a prepaid college tuition plan. I am debating whether it makes sense to follow his lead or invest the $350 a month in my 457 plan, which is a deferred-compensation retirement plan. I know the answer depends a lot on how much tuition costs when it time for my kids to go to college, but I want your input.

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