It’s a tough spot to be in if your parents haven’t planned for their retirement, There are a few things you can do to help:
-
Start the conversation with them as soon as you can.
-
Gather the details of what they currently have so you can plan for what they’ll need to do going forward.
-
Don’t forgo your own retirement to help your parents. Reach your own goals first before helping out to prevent the same cycle from continuing.
-
Set expectations on how you are willing and/or able to help.
Read more: https://www.nerdwallet.com/blog/investing/parents-dont-retirement-plan/
|
