Financial Ties to Parents and Children Affect Boomer Retirement


	Financial Ties to Parents and Children Affect Boomer Retirement

BobbyDelray

12-13-2007 2:05 PM

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tags:

boomers, seniors, retirement

BobbyDelray says:

This was extracted from a good and interesting blog-- Sometimes I Feel Like a Piece of Bologna. This blog is worth visiting and adding to the reader.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/e959ae3a-58c7-4e60-a375-5ca10bde033c/57DE6683-8790-4F45-9CC5-596D0EAE4E46/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://generationsandwich.blogspot.com/2007/12/financial-ties-to-parents-and-children.html" href="http://generationsandwich.blogspot.com/2007/12/financial-ties-to-parents-and-children.html" style="font-size: 11px;">generationsandwich.blogspot.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://generationsandwich.blogspot.com/2007/12/financial-ties-to-parents-and-children.html">Boomers, though arguably the most prosperous generation in American history, face mounting demands on their financial resources from both their adult children and their aging parents. In fact, one in six Boomers surveyed is "sandwiched," providing assistance to both their parents and adult children, according to <A target="_blank" href="http://www.planadviser.com/research/article.php/1153">Ameriprise Financial’s Money Across Generations study</A>.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://generationsandwich.blogspot.com/2007/12/financial-ties-to-parents-and-children.html">Boomers are torn between helping their adult children pay off debts and get started, and helping their aging parents with necessities. This help often comes at the expense of funding their own retirement.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://generationsandwich.blogspot.com/2007/12/financial-ties-to-parents-and-children.html">My husband and I have very different perspectives on this. His parents provided everything for him through college, and were generous until their deaths. My parents provided nothing. I paid for college, grad school, and all expenses from junior high forward. Yes, it was very hard and I missed out on a lot. But I learned to be independent and make my own way.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://generationsandwich.blogspot.com/2007/12/financial-ties-to-parents-and-children.html">
        Sometimes I Feel Like a Piece of Bologna</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/57DE6683-8790-4F45-9CC5-596D0EAE4E46/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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