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When the reality of America's economic struggles became apparent in September 2008, Kathleen says she was devastated. Like millions of parents, she thought she was doing everything right—working hard, sacrificing and saving and investing money.

Kathleen says about half the money she and her husband, Tony, had saved for their two sons' educations is lost—even as one son, Joe, is a freshman in college and the other son, Max, is a high school sophomore.

"I've lost control, and I've been a control freak my whole life," she says. "That's the scariest part because I've always had a plan, and I don't even have a plan."
FROM: Best Life Week: Your Money Plan 2009
Published on January 22, 2009
Please note: This is general information and is not intended to be legal advice. You should consult with your own financial advisor before making any major financial decisions, including investments or changes to your portfolio, and a qualified legal professional before executing any legal documents or taking any legal action. Harpo Productions, Inc., OWN: Oprah Winfrey Network, Discovery Communications LLC and their affiliated companies and entities are not responsible for any losses, damages or claims that may result from your financial or legal decisions.


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