As parents, we often want to help our children financially. If we're lucky enough to have the funds, this can sometimes mean cosigning loans for cars or homes. Before you commit to helping with a major purchase, take care to consider the all the ways it could affect your ability to retire comfortably, warns CNBC personal finance expert Carmen Wong Ulrich. Title, property taxes, insurance, your income taxes, your credit and more will all be affected if you take on this responsibility. Watch the video to see Carmen's advice.
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