Financial Planning for Future Generations

Kids and grandkids often play a big role in financial plans. Let’s talk about some of the common scenarios we see where the future generations somehow come into play during the retirement planning process. Find out how Maestro Wealth typically advises people in these situations.

This episode will explore challenges like supporting adult children as you approach retirement, preparing for future healthcare costs, and the various savings tools available for children’s education. The conversation highlights the importance of having open discussions with family members about financial responsibilities and the potential impact on future financial security.

Here’s some of what we discuss in this episode:

• Families where mom and dad are on the verge of retirement with kids that are adults but still “on the payroll” in some fashion.
• Parents who had kids later in life and are still paying for college as they head into retirement.
• Grandparents who want to help with education costs for their grandchildren.
• Aging parents who are counting on their children to take care of them in their later years.
• People who want to be very intentional about leaving a financial legacy to their kids and grandkids.

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