05-21-2007, 10:22 PM
Hard work is certainly the most important key to success but opportunity plays a role as well. When people look for jobs the phrase, "it's not what you know, it's who you know" is frequently heard.
As a parent I put a lot of emphasis on performance at school, provide rewards, and I will do my best to make sure my daughters have opportunity. After that it is up to them!
Balancing retirement planning and your kids educational needs is a tough task. I used to contribute to a roth ira which could be used for educational needs at any time or could be simply used as a retirement fund if never needed. I felt this allowed me some flexibility in case my kids decided not to attend college. With the 529 I believe you take a hit in getting that money back.
Dave
As a parent I put a lot of emphasis on performance at school, provide rewards, and I will do my best to make sure my daughters have opportunity. After that it is up to them!
Balancing retirement planning and your kids educational needs is a tough task. I used to contribute to a roth ira which could be used for educational needs at any time or could be simply used as a retirement fund if never needed. I felt this allowed me some flexibility in case my kids decided not to attend college. With the 529 I believe you take a hit in getting that money back.
Dave