Should You Tap Retirement Savings to Fund College?
There are three things to consider before dipping into retirement savings to pay for college.
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Chinese legend says that the Jade Emperor determined the order of animals in the zodiac by calling a race. The Rat and the Ox were in tight competition — until they arrived at a swift river. The Rat charmingly convinced the Ox to carry him across. But when they landed on the other side, the Rat leapt off the Ox and dashed across the finish line first.
The average retirement lasts for 18 years, with many lasting even longer. Will you fill your post-retirement days with purpose?
Financial Independence, Retire Early (FIRE), also known as radical savings, encourages aggressive saving to retire by age 40.