At a time when your career is reaching a peak and you are looking ahead to your own retirement, you may find yourself in the position of having to help your children with college expenses while at the same time looking after the needs of aging parents. Squeezed in the middle, you’ve joined the ranks of the “sandwich generation.”
Your parents faced some of the same challenges that you may be facing now: adjusting to a new life as empty nesters and getting reacquainted with each other as a couple. However, life has grown even more complicated in recent years. Here are some of the things you can expect to face as a member of the sandwich generation today:
It’s hard to take care of anyone else if you can’t take care of yourself first. We encourage you to take some time to determine your visions, goals and dreams and then develop a plan to pursue them. This could save you much stress and expense in the years to come. Planning ahead gives you the chance to take the wishes of the entire family into account and to help reduce future miscommunications with family members should you need to take care of your parents.
Prepare now for the future:
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.
This information is not intended to be a substitute for specific individualized tax or legal advice. We suggest that you discuss your specific situation with a qualified tax or legal advisor.
No investment strategy or risk management technique can guarantee return or eliminate risk in all market environments.
Tracking # 1-05305205
VIEW OUR Business Continuity Plan
CFP® Certified Financial Planner™ Certified Financial Planner Board of Standards, Inc. owns the certification marks above, which it awards to individuals who successfully complete initial and ongoing certification requirements.
Securities and advisory services offered through LPL Financial, a Registered Investment Advisor Member FINRA + SIPC.
The LPL Financial registered representative associated with this site may only discuss and/or transact securities business with residents of the Following states: NC, VA, SC, MD, DE and FL.
Financial planning services offered through LPL Financial, a registered investment advisor