How can I balance saving for post-secondary education and retirement?

Published November 10, 2020
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Saving for retirement? Saving for post-secondary education?

This doesn't have to be an either/or proposition. Almost everyone juggles more than one savings or investing goal. Our goal is to help you create a strategy that covers all of your bases.

Take one step at a time

It can be intimidating to think about how much you should save for both post-secondary education and retirement – but it doesn't have to be. Take it one step at a time. Your Edward Jones financial advisor can help you understand how the choices you make today about education savings may have an impact on your retirement.

Priorities and trade-offs

When you think about it, the money you invest for education and retirement comes from the same pool. So, how to strike the right balance? It's all about priorities and trade-offs. 

Importantly, we don't recommend putting off saving for retirement because you are putting money away for university or college. This could put your retirement goal in jeopardy. Time is a very valuable asset, so don’t delay saving for one goal over the other – view them together.

We can help

At Edward Jones, we understand your life is a series of overlapping decisions. Your Edward Jones financial advisor will ask questions and really listen to understand your situation and develop a strategy to address what's important to you. Call your Edward Jones financial advisor today to get started saving for education and retirement.