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Author: pauleckler Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76388  
Subject: Re: How much should I save? Date: 5/18/2002 2:25 PM
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We need more information. If you have sufficient funds to invest for retirement after paying your expenses for school, certainly you should invest for retirement.

If school expenses would require borrowing money in order to save for retirement, then usually you should compare interest rates. That probably means you should forgo investing until school expenses are covered. However that may not be the case if you have reason to believe your investments will perform well above average. What is your experience with investing? Are you a good stock picker? Do your investments far exceed the averages? If yes to these, the answer for you may be different than that for a typical individual whose investments may not do that well.

You may also want to factor into your thinking things like tax deferral in IRAs or 401Ks, future needs for funds for a downpayment on a house, or for special purposes like educating your children.

In short the answer becomes easier when you have developed a lifetime financial plan covering all major expenses--including retirement and expected sources of income. This plan too can cause the right answer for you to change.

Best of luck to you.
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