I feel like I lean towards saving for personal retirement. Maybe putting some away for the kids but not feel like I need to pay their entire way through college from start to finish with no student loans needed.
My wife’s parents prioritized their kids, but my wife still has student loan debt and their own retirement outlook isn’t looking amazing as they enter their mid 60s.
Interested where others come down on this. We’ll be having our first kid within the next year or two.
Edit to add more info: wife and I are currently 28. Have about 26.5k saved for retirement, but are also state workers so we’ll both have pensions. Our current goals are to slightly increase our retirement savings while also saving for another down payment. We bought a house a year and a half ago, but won’t be buying again for 8-12 years.
No kids yet, but will probably have two within the next 4-5 years.
Submitted January 01, 2021 at 01:47AM by initialgold https://ift.tt/3n6sXJ0
