How to Help Parents When College and Retirement Collide: Advisors' Advice

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Clients becoming parents or expanding their families in their late 30s and beyond may wonder how they'll save enough for both retirement and a child's college education. Given the growing numbers of people delaying parenthood, more moms and dads are likely to be approaching retirement at the same time their children are taking the SAT and planning college tours. Six financial advisors recently answered our question: What advice do you give later-in-life parents on how to plan financially for both their kids' college education and their own retirement, two milestones that may be fairly close in time? See their responses in this slideshow. Some have been edited for length.