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Millennial Parents Prioritizing Kids' College Over Retirement Savings
New research by Personal Capital has found that 70% of millennial parents are willing to prioritize saving for a children’s education over saving for retirement, which is a big mistake, according to numerous financial planners. So reports CNBC.
Adults who don’t prepare for retirement may have to turn to their children for help and the resulting financial assistance may be more expensive than paying for college tuition.
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