What parent doesn’t want to help their child get a head start in life? This is why some younger and older boomers cosign student loans, mortgages and auto loans for their children and grandchildren. But while the gesture is certainly welcomed by offspring, cosigning a loan is a risky move that could jeopardize your finances.
As a cosigner, you agree to pay a debt if the primary signer defaults or can’t pay up. This means you could become responsible for someone’s student loan payment, mortgage payment or auto loan payment. If so, money that could have strengthened your retirement account goes to clearing a debt.
These days, we all spend a lot of our lives online. We work online, socialize…
If you've read reports about plastics showing up in whales and other sea life you…
We're all guilty of making an etiquette mistake from time to time, whether we accidentally…
Thanksgiving is a special time of year for many Americans. It's the holiday where families…
The number of smokers goes down each year and that’s definitely a good thing. Smoking…
Most toddlers don’t spend their days picking up sticks and chasing centipedes in the forest…