Financially Intentional Conversations with a CFP, Vol. 32 - Being your parent’s retirement plan
According to a 2015 TD Ameritrade study, one in five millennials support their parents by spending an average of $18,250 per year. We discuss:
- How to budget taking care of parents.
- How to avoid depending on your children by adequately funding your retirement.
- The role of high divorce rates amongst baby boomers plays.
- Subsidizing retirement with a rental property.
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