Don't Sabotage Your Retirement to Pay for College

Some of the articles that Morningstar puts out are pretty basic but at times bares repeating.  In this article Don't Sabotage Your Retirement to Pay for College by Christine Benz, she elevates some very basic issues and solutions when it comes to balancing retirement and education savings objectives.  Her main point is telling parents to avoid taking out loans to pay for school.

I absolutely agree with Benz and her point that taking out loans is an easy way to sabotage your retirement plans.  Parents needs to know and understand the following points regarding education planning:

• Start early
• Invest consistently 
• Choose a tax deferred option
• Pick a school you can afford
• Go a different route
• Know what you are getting into
• If you borrow, stick with federal loans