Now that I'm 1 yr away from retiring, I'm looking at my adults children who have student debt. I am co-signer on a bunch of student loans so, if anything happens to them (God forbid) I am on the hook for their debt.
This would put a crimp in our retirement (an understatement).
I have been advised to take out life insurance policies for them, or have them do it. Have to plan for contingencies.
Has anyone else taken this step?
Thx,
Rob
This would put a crimp in our retirement (an understatement).
I have been advised to take out life insurance policies for them, or have them do it. Have to plan for contingencies.
Has anyone else taken this step?
Thx,
Rob