Parents Snared in College Debt Trap Risk Retirement

When my parents first announced at Thanksgiving that they were taking out a life insurance policy on me, I was taken aback and slightly offended. In fact, I thought it was a cruel joke. Why would they need to do such a thing? I’m only 27. The mere thought of it was grim.

Unemployment remains stubbornly high at 7.9 percent, despite the fact that there are as many as 600,000 manufacturing jobs open.

As tuition rises and 401(k)s shrink, how can a family balance the competing goals of saving for college and retirement? There?s no nice answer to that question. Parents are taking on truck loads of debt to help pay for their children?s college costs and even deciding to delay their retirement. Good parents are selfless, sacrifice ...

In the grand scheme of personal finances, your take home pay is like an apple pie. Your bills are the hungry flock of kids banging their fists on the table to get their share.