My spouse and I are 55 and we've been putting money into our kids' college funds instead of maxing out our retirement savings, and now we're panicking that we've made a terrible mistake but we can't take it back. We don't know whether to keep prioritizing the kids or switch focus to ourselves, and we're both feeling guilty about even considering the selfish option.
More people experience this than they realize.
Two people are discovering that their generous impulses toward their children may have compromised their own financial security.
“Where Are You with Money in your 50s and 60s — the pre-retirement decade?”
If this sounds familiar, the Library can help you find the bigger picture.