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Queen’s song “Another One Bites the Dust” may have been prophetic, as many Americans are facing financial hardship because they relied on financial planners who didn’t know what the future would hold. While it’s not the financial planner’s responsibility, the reality is that these financial burdens often fall on the shoulders of the client’s children.
This phenomenon has given rise to the “sandwich generation”—those who are simultaneously caring for aging parents and raising their own children. This is becoming more common in America, but it doesn’t have to be this way. What can we do to make sure our children won’t have to take care of us financially?
In today’s episode of Wealth Talks, Tom and John McFie discuss steps you can take now to safeguard your financial future, avoid becoming a burden, and set up your children for success.
Key Takeaways:
Don’t leave your financial future to chance—take control and prepare for a future where your children won’t have to take care of you financially.
Resources: Order Tom’s book – How to Build Sustainable Wealth