you're listening to Ramsey every day millionaires or we talk retirement building wealth and outrageous generosity

Celeste joins us in Phoenix Arizona Celeste welcome to the Ramsey show

Hi, thank you so much. Absolutely. How can John and I help?

So my husband and I recently crossed kind of a big financial milestone that we're excited about

but also now have a whole new set of questions that we're trying to figure out.

It's in short we're trying to determine whether it might make sense to press pause on our

retirement savings for one year so that we can instead frontload our daughters 529 for college savings.

So you got through baby step three this fully funded emergency fund and then you want

oh gosh our daughter is about to go to school and we haven't saved.

Should we stop investing for retirement?

The situation is a little different from that so first she's three so we have some time.

Oh good. I thought she was like 17.

Yeah.

No and we have been saving we have about 25,000 in her retirement and I'm sorry in her 4,

529 account. You're doing great.

Yeah. Oh, it makes you think you're not on track.

I think when I started doing the math and looking at calculators we got to point that I kind of

realized every dollar we put in now would be worth like two when she's in high school and we're

trying to think about whether it's theoretically you might be looking to retire around the same time

that she started college. So we're trying to figure out if frontloading you know putting

putting more into her 529 now so that we might not have to put as much in later would put us in

a stronger position just from an expense perspective when she's in college.

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