Families nowadays confront a financial quandary that most families did not face 30 or 40 years ago. Families must simultaneously plan for both their retirement and their children’s college tuition.
National studies reveal that most Americans are at risk of running out of money in retirement; this is thanks to a combination of factors which include record unemployment, declining wealth, low savings rates, investment losses and falling home values. A dilemma arises when all of these factors are taken into account and then add in the staggering rising college costs