Uploaded September 2026 | Updated September 2026, 2 weeks ago
Should parents prioritize retirement savings or saving for their children's college education?
In this episode of the In Your Corner podcast from CBS Philadelphia, consumer reporter Josh Sidorowicz sits down with certified financial planner Regina McCann Hess of Forge Wealth Management to discuss one of the biggest financial dilemmas facing families today.
Learn why retirement should come first, how 529 college savings plans work, ways to maximize your employer's 401(k) match, and practical strategies for balancing both goals without sacrificing your financial future.
Whether you're a new parent, planning for college, or trying to catch up on retirement savings, this episode offers actionable tips to help you make smarter financial decisions.
00:00 Retirement or college: the big parent dilemma
01:28 Why retirement should come first
01:54 When to start a 529 plan
02:30 Using gifts to boost college savings
06:01 The power of employer 401(k) matches
08:31 Automating savings and the one-third rule
10:49 Honest conversations about college costs
12:16 Final takeaway: put your oxygen mask on first
Subscribe on YouTube: youtube.com/CBSPHILLY
Follow us on X: @CBSPhiladelphia
Like us on Facebook: facebook.com/cbsphiladelphia
Follow us on TikTok: @CBSPhiladelphia
Follow us on Instagram: @CBSPhiladelphia
Should parents prioritize retirement savings or saving for their children's college education?
In this episode of the In Your Corner podcast from CBS Philadelphia, consumer reporter Josh Sidorowicz sits down with certified financial planner Regina McCann Hess of Forge Wealth Management to discuss one of the biggest financial dilemmas facing families today.
Learn why retirement should come first, how 529 college savings plans work, ways to maximize your employer's 401(k) match, and practical strategies for balancing both goals without sacrificing your financial future.
Whether you're a new parent, planning for college, or trying to catch up on retirement savings, this episode offers actionable tips to help you make smarter financial decisions.
00:00 Retirement or college: the big parent dilemma
01:28 Why retirement should come first
01:54 When to start a 529 plan
02:30 Using gifts to boost college savings
06:01 The power of employer 401(k) matches
08:31 Automating savings and the one-third rule
10:49 Honest conversations about college costs
12:16 Final takeaway: put your oxygen mask on first
Subscribe on YouTube: youtube.com/CBSPHILLY
Follow us on X: @CBSPhiladelphia
Like us on Facebook: facebook.com/cbsphiladelphia
Follow us on TikTok: @CBSPhiladelphia
Follow us on Instagram: @CBSPhiladelphia
