A Reddit user wonders if his $140,000 salary is sufficient to support his children's college expenses while managing financial obligations like alimony and loans. The article emphasizes that while it is feasible to assist with college costs on this income, early savings are vital for managing tuition without compromising retirement. Working together with children to seek scholarships and other financial planning strategies, including consulting with a financial advisor, are recommended ways to prepare for future educational expenses without incurring excessive debt.
While it's possible to pay for college on a $140K salary, starting savings early is crucial to avoid financial strain later on.
Compromising your retirement to fund tuition can lead to long-term financial issues; exploring scholarships is a safer option.
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