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He explained that withdrawing from retirement accounts for educational expenses jeopardizes that security.
Below are some reasons experts advise against using your retirement savings to pay for your kids college education.
Also seehow to send your kid to college without going into debt, according to financial experts.
One primary reason he said experts advise against this is the irrevocable nature of retirement funds.
Once these savings are withdrawn, they are not easily replenished, he said.
Mindy Yu, CIMA, director of investing atBetterment at Work, agreed.
Your childs college education shouldnt come at the expense of your own retirement stability, she said.
Not to mention youll have to rebuild your nest egg down the line, she said.
From there, it’s possible for you to also consider scholarships from private organizations.
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