A recent story that started off as a parent wanting to help their child took a turn when the child stopped making payments and the parent became disabled and couldn’t work. Listen along as Paul and Ira talk about what can be done, how much of the loan the parent is responsible for, and what financial planning techniques can help others avoid this situation. Later in the episode, Paul and Ira talk about a great article by Jason Zweig called “What Teenagers Really Learn From Stock-Market Games.”
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