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70% of young parents are making this big money mistake

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A new survey from Personal Capital found that 70 percent of young parents are prioritizing their child's college education over their own retirement.

Financial planners interviewed by CNBC say that's a big mistake.

You don't want to "derail your retirement for your child's college education when they can get a loan or scholarships," certified financial planner Carrie Schwab-Pomerantz said.

Read more from CNBC.

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