Retirement planning is a complex process that requires careful consideration of various factors, including the needs of your family. In the latest episode, Mike shares valuable insights on how children and grandchildren can significantly impact retirement goals and offers practical advice on how to navigate these challenges.
We’ll dive into the most common scenarios where future generations influence retirement planning. From funding college education to creating lasting financial legacies, we’ll explore how to balance your retirement goals with the needs of your family.
Here’s some of what we discuss in this episode:
- More and more parents are providing financial support for their adult children.
- Parents who had kids later in life are still paying for college heading into retirement.
- People who want to be very intentional about leaving a financial legacy.
- Parents lending money to their children for significant expenses like down payments on homes or starting a business.
- Grandparents who want to help with education costs for their grandchildren.
If you are interested in any of the topics we discussed, please reach out and we would be happy to help you navigate your financial situation.
