As many parents and grandparents know, financial responsibilities don't end when the kids move out of the house. From paying for cell phone bills and auto insurance to funding college educations, financial support often continues well into adulthood. But as your retirement years get closer, it’s essential to find a balance between supporting your family and securing your own financial future. In this episode, we'll walk through some common scenarios, and talk about how we help our clients find the right balance for their unique situations.
🔑 Key Topics :
[3:09] Heading into retirement but your kids are still on the payroll in some fashion
[6:08] Still paying for college as you head into retirement
[8:01] Grandparents who want to help with education costs for their grandchildren
[11:00] Aging parents counting on their children to take care of them in their later years
[14:03] Being intentional about leaving a financial legacy
[17:24] Parents lending money to their children for significant expenses
