Topic: Financial Planning
Planning: The Next Stage
By Jane Bryant Quinn
Reported by Temma Ehrenfeld
Newsweek, April 3, 2000
Articles Home Page
Here's an excerpt...
Remember, most retirees already have their stuff. They don't buy new furniture,
they often live in a mortgage-free home and they keep their cars longer than
they did when they drove to work. You'll spend more on health care, but your
living
expenses will drop by much more than your medical bills will rise.
How do I save for retirement and college at the same time? Planners say save
for retirement first. You can borrow for college (or your kids can), but you
can't live on loans in your old age. When tuition bills loom, parents tend to
stay in the work
force. "We see a lot of part-time work among parents 55 to 60," says Fern Alix
LaRocca of Advanced Financial Designs in San Mateo, Calif.
Copyright © 2000 Newsweek, Inc.
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