FINANCIAL FOCUS: How will your investments affect your child's financial aid prospects?

Published: Thursday, February 6, 2014 at 01:34 PM.

Of course, even with careful planning, your student may not qualify for financial aid. If this is the case, consider other strategies for paying for college. But keep this in mind:  It's best to develop a savings strategy for both college savings and one's own retirement goals. 

So, study the financial aid rules, consider investing in college-funding vehicles such as 529 plans, and do whatever else you can to help get your kids through school.

But don’t forget about your own needs — because they are important, too. 

Joe Faulk is a financial adviser.

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