This doesn't have to be an either/or proposition. Almost everyone juggles more than one savings or investing goal. Our goal is to help you create a strategy that covers all of your bases.
It can be intimidating to think about how much you should save for both post-secondary education and retirement—but it doesn't have to be. Take it one step at a time. Your Edward Jones advisor can help you understand how the choices you make today about education savings may have an impact on your retirement.
When you think about it, money you invest for education and retirement comes from the same pool. So, how to strike the right balance? It's all about priorities and trade-offs.
Importantly, we don't recommend putting off saving for retirement because you are putting money away for university or college. This could put your retirement goal in jeopardy. Time is a very valuable asset, so don’t delay saving for one goal over the other – view them together.