Don't prioritize paying for child’s education over saving for retirement, says Globe contributor

August 29, 2016

“Choosing a mattress is second in complexity only to choosing a postsecondary school—and figuring out how to pay for that education,” writes Tim Cestnick for the Globe and Mail. The author offers a series of tips for people planning to contribute financially to someone's education, and begins by advising parents not to redirect retirement savings to pay for PSE, stating that “there are no scholarships, grants or government-guaranteed loans for your retirement.” Other tips include looking to grandparents for help, getting the most out of student tax breaks, and following a clear education funding plan. Globe and Mail