How can we balance taking care of our growing children and aging parents at the same time? This is a dilemma many adults in their 40s and 50s are facing today. In fact, over 50% of individuals in this age range are feeling the pressure of being “sandwiched” between caring for a parent 65 years or older and at least one minor or adult child. This episode of Couchside Conversations is from Morton Wealth's 2023 Investor Symposium. CEO Jeff Sarti is joined by Wealth Advisor Patrice Bening to tell their personal stories of being caught in the middle and share tips for navigating this complex journey.
Generation X or the “Sandwich Generation” are feeling the increased emotional and financial pressures faced by both their children and their parents. On one hand, they are dealing with a competitive education system and the expectation to participate in an abundance of extracurricular activities, and on the other, with increasing costs of medication and caretaking for elderly parents, it can feel harder than ever before.
Jeff and Patrice highlight the importance of considering retirement and elderly care options, health insurance, Medicare, healthcare directives, and powers of attorney. They also emphasize the value of seeking support from professionals, like wealth advisors, in managing these complexities.
Stay tuned for more Couchside Conversations episodes! We have topics coming up like…
- Battle of the Spouses: Financial Edition
- Parenting Tips for Financially Savvy Kids
- Protecting Your Family Using Insurance
