re: Need investment advice - please no "hookers & blow"

quote:

---

Need investment advice - please no "hookers & blow"
quote:
I am with you coach. I have my kids take out student loans


As it should be. I see parents putting themselves in giant holes; even prolonging retirement for their kids to go to college. At what point do you cut the cord?

---

I'm down the middle on this one: while I don't think parents owe their kids a college education, I'd rather see parents saving for a kids college fund than spending several grand a year for travel sports teams, new cars for teens, etc. how do parents expect kids to value education and work to complete a degree if they are given an upper middle class lifestyle then cut loose once it comes to college? Help the, to save, match their earnings, show them through your actions that education is important and valuable.

But you're right: they should not spend the,selves into the poorhouse to pay for college. They also have an obligation not to become a burden to their children by neglecting their retirement savings.