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Parents Delay Retiring to Pay Kids’ Student-Loan Debts
ABC – After years of hard work, saving up and an Air Force pension, Terry and Edward Fackler of Everett, Wash., thought they had retirement covered. Then the student-loan debt started piling up. It wasn’t theirs, though, belonging instead to two of their three children. Now, with their savings down to $20,000 from $80,000 – and a student-loan debt of $116,000 that they’re still responsible for – the couple say they’re not so sure that they’ll be retiring any time soon. Read Article
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