If your employer’s 401(k) has poor investment options or if it is just plain too expensive and eats up your retirement returns while making the plan’s broker rich, (No one has ever heard of that happening have they?) move your money where you can control your investment options and fees.
Let’s face it, kids are expensive. Besides providing for the basic needs of their children, many parents find themselves bombarded with requests for the latest “it” thing. Between the needs, the wants, and extracurricular activities, kids can sabotage a families effort toward debt reduction. Don’t let kids blow your budget!