“How to support your parents while saving for retirement,” by Jim Sandager, De Moines Register

“In their 2015 financial support survey, TD Ameritrade found that 13% of American adults are financially supporting their parents. And it appears to be a growing issue. According to the survey, 19% of millennials are helping pay their parents’ bills, compared to 13% of Generation Xers and 8% of Baby Boomers. So what happens if you are, or become, one of those 13%? How do you help your parents through their retirement end of their lives, while still preparing for your own? . . . Update or buy long-term insurance for them, and for you”

 

LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):

Well, all right!

How to support your parents while saving for retirement

#retirement

#goldencareagent