Fireside Financial Ep 4: Maximizing Retirement Income: The Impact of Financial Assistance on Your Golden Years

Your Retirement Planning Simplified · Aug 7, 2023 · 17m

In Episode 4 of Fireside Financial, Joseph and Regan discuss the increasing trend of parents supporting their millennial children financially. They explore different forms of assistance parents are offering, including down payments on homes, groceries, rent, and mortgages. The hosts stress the importance of a solid financial plan to ensure the support does not compromise the parents' retirement or financial well-being. They also advocate for open communication with children about the financial assistance being given and how it may affect the family's estate in the future.

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