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Should I save for college or retirement first?
Short answer
Many experts suggest prioritizing an emergency fund and retirement, especially an employer match, since students can borrow for school but you can’t borrow for retirement.
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Official sources
- SEC Investor.gov: 529 plansinvestor.gov
- IRS: 529 plans questions and answersirs.gov
- StudentAid.gov: financial aid basicsstudentaid.gov