15 Jul How to stop your grown kids from ruining your retirement
If you are in your 50s or 60s and are still caring for your kids financially, you really need to start caring for yourself—or you may never be able to afford to retire.
A recent study found more than half of parents who are supporting adult children are “extremely concerned” about saving enough for retirement.
They should be.
Baby boomers are often providing financial assistance to grown kids when they are in the later stage of their own careers during their prime earning years. When you’re 50 or older, you have the opportunity to turbocharge your retirement savings with additional contributions to IRAs and 401(k)s.
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