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Student loan debt could destroy your retirement Student loans are increasingly becoming a retirement financial issue. Indeed, pre-retirees in the 55 to 64 age bracket, and even retirees, are carrying unprecedented amounts of student loan debt, according to a new LIMRA study. According to the survey, education loans made up 4% of instalment debt for that pre-retiree group in 1989. By 2013, that share totalled 30%. Among retirees, education loans increased to 15% from less than 1% in that time period. To avoid this challenge, clients should look harder for scholarships or a community college as an alternative to student loan debt that could end up heavily impacting one's retirement plan. Other options include: working longer, starting to save when a child is born to avoid student loan problems and avoid co-signing student loans. --MarketWatch
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