Your 401(k) isn't a college fund. Here's a guide to paying for your kid's education without sacrificing retirement.

Contributing sentiments towards policy:

54% : Students usually have many years to pay back student loans; such debts might even be forgiven, depending on your child's career, government policy or military programs.
48% : What's more, Carey explains that a 529 plan is only pre-tax for state income taxes.
46% : Instead, you pay taxes when you take money out of these accounts and presumably you are in a much lower tax bracket.
46% : Even if you're over 59½, you would still owe income taxes on the withdrawal, and the money would no longer grow tax-deferred inside the plan.
40% : Following are other reasons financial advisers discourage parents from contributing to their kids' college funds at the expense of their own retirement:You can't recoup lost time or taxes.

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