As college acceptances roll in, parents with children of all ages continue to consider ways they can help their children financially now, and in the future.

Some families plan early, some late, and others take a just-in-time approach.

However you plan to help, it’s better to have a plan in place.

Why?

Some parents joke that paying tuition out of their salary has helped them to relive part of their own college experience.

The financial part, that is. Not the social aspect, unfortunately.

A few months ago, I shared my thoughts with Dinah Brin at ThinkAdvisor on how parents can balance saving for college and retirement.

And because many people are having children later in life than their parents might have, they tend to be closer to peak earnings potential but retirement is closer on the horizon.

This is particularly common among tech and biotech professionals who tend to have high career mobility, as well as physicians who start their careers later than others due to extensive training.

As a result, the competing interests of saving for college and retirement tend to be more pronounced.

For my full insights, read the article on ThinkAdvisor.

This blog was written by Jeremy Bohne, Principal & Founder of Paceline Wealth Management. Paceline is a fee-only investment advisor serving clients in the Boston area, and on a remote basis throughout the country. Paceline specializes in helping tech and biotech executives, physicians, and those seeking financial planning services.