Couple Weighs Retirement vs. College Savings

A married couple, both teachers, are debating their next big savings move. With a combined income of $210,000, theyve maxed out Roth IRAs, HSA, and have $150,000 in a high-yield savings account. Theyre considering a 403(b) for retirement or prioritizing college funds. The financial advisor suggests a hybrid approach, boosting retirement with a 403(b) and starting 529 plans for their kids. With modest contributions, they could provide significant college funds and boost their kids chances of enrolling in college.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.