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re: Recommendations for new parents?

Posted on 12/16/15 at 1:13 pm to
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37838 posts
Posted on 12/16/15 at 1:13 pm to
Fully fund your retirement first, and have no debt except for a house.
Posted by notsince98
KC, MO
Member since Oct 2012
18645 posts
Posted on 12/16/15 at 2:38 pm to
quote:

Fully fund your retirement first, and have no debt except for a house.


this. college savings is what you do with money that you just cant use anywhere else. it should not be a priority.
Posted by makersmark1
earth
Member since Oct 2011
16837 posts
Posted on 12/16/15 at 5:44 pm to
quote:

Fully fund your retirement first, and have no debt except for a house.


^^this and by "fully fund" we mean MAXIMUMS on workplace and any IRAs.

You will retire one day. You kid may get a scholarship or start a tatoo parlor.

That being said, I maxed retirement plans and still had money for 529s and coverdell IRAs.
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