Which goal wins when your retirement account and your kid's college bill are both due at the same time?
For most of the two-income families I work with, that question never actually gets answered. The 401(k) comes out of the paycheck automatically, so it always gets funded. The reserve and the college account require a decision every month, so they lose. Not because anyone chose them last, but because they were the only ones that required a choice.
In this episode, I get into why sequencing your savings goals quietly starves the ones at the back of the line, and why lifestyle creep and the false comfort of two incomes make it worse.
Connect with Paul
If you're a working parent juggling a senior-level career and a growing family, and you're tired of coordinating four different advisors to run your financial life, I offer complimentary 30-minute conversations. Schedule one here.
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