While the media focuses on “the retirement crisis”, trouble is brewing elsewhere. The cost of college rose at double the rate of inflation over the last few decades. Some parents are staring at $300,000 in bills for prestigious private institutions. This vicious cycle has led to less retirement savings and more debt. Student loans recently surpassed $1 trillion!
My work at the firm includes responsibilities regarding college planning. We want to provide more information on this important subject by providing a monthly link-fest along with more posts devoted to this issue.
Investing in knowledge is a great thing. Just do it smarter.
Anthony is currently heading the Educator/403(b) Division at Ritholtz Wealth Management LLC. The goal of our division is to transform the way teachers save for retirement. For disclosure information please see here.
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