Across Springfield, many middle-aged adults may find themselves squeezed between two big responsibilities: saving for their kids’ college and caring for aging parents. Known as the Sandwich Generation, they’re also trying to save for their own retirement, often feeling stretched too thin emotionally and financially.
The rising cost of college, elder care, and everyday expenses is forcing many families to make tough choices. Some parents are taking out loans to help pay for college, even as they fund assisted living for their own parents. Others are dipping into retirement savings just to stay afloat.
Many say communication is key. Honest talks with both parents and children can help. Teens may be open to community college or financial aid, and older parents might already have savings or long-term care plans. But you won’t know unless you ask.
Springfield has resources to help. Local nonprofits can offer support groups and eldercare guidance. Some employers now provide eldercare benefits or flexible work options to help caregivers manage the load.
Together, we can work to keep you on-track toward your financial goals.
Request a consultation to learn more.
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