Your aging parents are ahead of you. They may be healthy now, maybe not. Whatever their status now, they want to finish their golden years in peace — and that needs looking after sometimes. Your children are aging through high school and up into college. That means tuition and potentially more financial support after they graduate. And then there’s you. You’re part of the Sandwich Generation.
On top of looking after the needs of others, you also need to plan your own retirement as well as control other costs. Mortgage, life insurance, car payments, etc. But with lots of immediate financial decisions to be made for family members ahead or behind you, it can be hard to come up with the right plan for everything. And everyone! The Sandwich Generation has been dealt some tough circumstances.
That’s where Thrive Wealth Strategies can help you.
Stressing about finances can take a huge toll on families. Not only among siblings as parents retire, but also among children as decisions about college are made. With the right financial plan, you and your family can be more prepared for what’s to come.
So what could that mean?
That could mean reviewing long-term care insurance plans for your parents. Having conversations with your children about which colleges are realistic (and more importantly: which ones are not) for them to apply to. Saving as much as you possibly can for your own retirement.
We don’t want you to worry about your finances. Instead, you should be spending these years enjoying your time with your parents — not stressing about them. And appreciate the remaining years you have left until the kids are off to college.
You’ll never get these years back. So while things might seem a little daunting at times, they don’t need to be. Let’s make a comprehensive plan for you today.
