When Adult Kids Still Rely on You: How to Support Without Sacrificing Retirement
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When Adult Kids Still Rely on You: How to Support Without Sacrificing Retirement
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Are you still helping your adult children financially while also trying to plan for your own retirement? You’re not alone. A recent AARP survey found that 75% of parents with adult children provide some financial support, often averaging more than $7,000 a year.
In this episode, we explore how today’s financial landscape is shifting parenthood later into life and what that means for your long-term financial well-being.
We’ll talk about:
- Why more parents are supporting adult kids longer
- What conversations you should be having with your children
- How to evaluate what’s help and what’s enabling
- What you should do if you are supporting your adult children financially
- How to foster financial independence
If you have adult children, will soon have adult children, or are someone receiving parental support yourself, this episode will help you understand balancing love with financial responsibility and long-term planning.
Don’t forget to subscribe, leave a review, and share this episode with someone who could benefit. For future podcast topics, you can email us at askcreatingwealth@taberasset.com.