If you’re unable to meet your own retirement goals then I would first secure that prior to specific accounts earmarked for college.

Maybe if there’s a state tax deduction you could make a case for funding that amount. It may not make a major difference for your 13 year old as 4-5 years is not that long for growth in the account.

Would you also like to explore: Can we talk 529 plans?

You can’t borrow for retirement. Make sure that is squared away first. Further, I’d strongly encourage you to challenge your kids to make the business case for attending an expensive on-campus bachelor’s degree program.

Just going because they think it’s the next step is the wrong answer. They should have a well thought out plan for why a 4-year degree makes sense and fully understand the costs and payback.

I wish I had done this with our two children.