Balancing the Needs of Children, Parents, and Yourself
August 29th, 2011
THE CHALLENGE OF YOUR LIFE
If you’re in your 40s, 50s or even 60s, you may already be facing or soon face perhaps the most difficult challenge of your life. It’s the formidable task of fulfilling three major responsibilities at once:
- Raising children and funding their education,
- Helping to care for and/or support aging parents, and
- Funding your own retirement.
Certain costs may make it even harder to fulfill these responsibilities because they’re
rising faster than inflation — particularly college tuition and health care. At the same
time, of course, you likely want to maintain a comfortable lifestyle.
Welcome to the Sandwich Generation, where you’re sandwiched between your parents’ and your children’s needs.
