Dear Wealth Wise: We retired at 57 due to a quick succession of inheritances and tax consequences, but are still too young to access our own retirement savings. We did manage to leave our children with no debt from college or graduate school. Now our 25-year-old wants to attend law school to do public interest law, but the changes to federal loan programs and the loan rates would leave over $180,000 in student loans at graduation. Should we consider providing a low-interest personal loan? What implications for our retirement should we consider?
— Retired But Still Parenting
Dear "Retired But Still Parenting": It's not always easy for young adults to know what professional path they want to follow off the bat. And it's pretty common for college students to major in something that ends up having little to nothing to do with their careers.
