Retirement Planning Tips for the Sandwich Generation

Learn about preparing for retirement while caring for children and aging parents also known as: 'life in the sandwich generation' in today's episode! Get your Modern Confidence Score: https://bit.ly/3RbdvAJ  Meet with us:  https://bit.ly/4vOY3bD Education center: https://bit.ly/4fh2QxE Video Chapters: 0:00 - How do I support my aging mom and adult daughter at the same time? Dean Barber introduces the Sandwich Generation juggling act. 1:57 - What does the MIT Age Lab study reveal about human longevity trends? Discussing the 8,000-day life blocks. 05:17 - Where do retirees pull their monthly income from? Analyzing Social Security, savings, and pension metrics. 07:08 - How do healthcare costs impact my retirement savings? Factoring medical inflation into your plan. 20:23 - What is a Family Assistance Budget and how does it prevent retirement problems? 22:32 - Reaction Video: John Diel explains the 3 MIT questions that predict quality of life. Light bulbs, ice cream, and lunch partners. 31:52 - 3 Mistakes to avoid for the sandwich generation. Subscribe to Modern Wealth Management for more educational content: https://www.youtube.com/@MeetModernWealth  Check out our other videos: https://youtu.be/eBYkoJ6DMGU?si=CKPA7Zm1KoiJv4NB  https://youtu.be/KnyVDMmRj1g?si=H6uBeVdEdEwKH56n   https://youtu.be/kkO1bPbz6TA?si=vi9gxvb0XhzxpgFC  https://youtu.be/wcnhA3SQH3M?si=xAVw4xXZztX3XnN0  https://youtu.be/ZG3-XmhvWEs?si=eyypCj_XOL_oBsmP  Sources: https://agelab.mit.edu/static/uploads/three_questions_that_can_predict_future_quality_of_life.pdf  https://youtu.be/eBYkoJ6DMGU?si=qOcQTuxJZ4rkLS3Q  https://www.pewresearch.org/short-reads/2022/04/08/more-than-half-of-americans-in-their-40s-are-sandwiched-between-an-aging-parent-and-their-own-children/   https://www.bankerslife.com/insights/personal-finance/navigating-financial-caregiving-and-the-sandwich-generation-7-smart-strategies-for-2026/   https://www.mercer.com/en-us/insights/us-health-news/employers-prepare-for-the-highest-health-benefit-cost-increase-in-15-years/  https://youtu.be/eBYkoJ6DMGU  ______ Investment advisory services offered through Modern Wealth Management, LLC, a registered investment adviser.  The views expressed represent the opinion of Modern Wealth Management, a Registered Investment Adviser. Information provided is for illustrative purposes only and does not constitute investment, tax, or legal advice. Modern Wealth Management does not accept any liability for the use of the information discussed. Consult with a qualified financial, legal, or tax professional prior to taking any action.