Parents are saving for their kids’ college education in very large numbers these days. That’s a great thing, except if you’re doing it in place of saving for your own retirement. According to Allstate insurance, half of parents are saving equally for retirement and college. And one in seven are saving only for their children’s college and not at all for their own retirement. This is not a good idea. If you’re putting off saving for yourself, you not have had enough time to build up what you’ll need. There are no scholarships or financial aid in retirement, and you need your money to compound over time. So, as long as you’re putting the max you can into your retirement account, feel free to save for college. If you could be putting more into your retirement plan, put off the 529 plan until you get a good nest egg going. Don’t be scared by the statistics about how much college will cost. You’ll make it happen.