Should you focus your savings towards your retirement or save for kids’ college?

When planning for your future, there is always some confusion about balancing savings for multiple goals simultaneously. The major dilemma falls on parents when contemplating whether they should allocate their savings dollars towards future retirement dreams or start socking away funds to pay for their child’s college tuition bills. While sorting out these two competing priorities can feel overwhelming at first, we’ve laid out 5 rules to follow when faced with this tough decision.

Brandy Branstetter, CFP®May 20, 2021financial planning, finan, financial planner, financial plan, college, college contribution, college tuition, college planning, saving for college, 401k, roth ira, parents, mom, dad, student, student loans

Backdoor Roth Conversions: How This Retirement Savings Strategy Works and Who Should Use It

Roth IRAs come with income limits, and once you exceed them you can’t contribute to a Roth, at least not directly. But you CAN use backdoor Roth conversions.

BlogBeyond WealthOctober 8, 2020backdoor roth, backdoor roth conversions, backdoor roth ira, roth ira