The Sandwich Generation

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*Sorry for any grammatical errors as this description was generated using AI

Reed Trego hosts the Money Pig podcast and is joined by Joe Beckford, a CERTIFIED FINANCIAL PLANNER™ Professional and Wealth Planner at Goodwin Investment Advisory. They discuss the Sandwich Generation, which refers to individuals who are taking care of both their own children and their aging parents. Tara Bruce recently wrote a very helpful free guide with printable checklists to help anyone who is planning to take care of their parents, or those already in the midst of this balancing act. Here is the free guide. 

If you are a member of the Sandwich generation you are faced with various challenges such as living options for your parents, healthcare decisions, and the need for important documents like power of attorney. The conversation emphasizes the importance of self-care in order to effectively support loved ones during this phase of life. Many children feel guilty for not doing enough for their parents while trying to juggle their daily responsibilities of being parents themselves. It’s ALOT to take on! Reid and Joe highlight financial planning as a way to potentially avoid becoming part of the sandwich generation in the future.

The conversation focuses on the financial challenges faced by individuals who are taking care of their parents and how it affects their own long-term planning, including retirement. It is emphasized that taking care of oneself and setting boundaries is important in order to provide sustainable support to others. The difficulty of finding easy solutions to these complex issues is acknowledged, but it is also recognized as a part of life that needs to be navigated with personal understanding and careful planning. Reid concludes by highlighting the unique value provided by financial advisors in helping clients manage their portfolios and have personalized planning conversations based on individual goals.

If you are looking for a Financial Advisor that does not think of you as just a number and truly cares not only about you as an individual and your unique financial goals, but also cares about your impact on your community, then please reach out to us to learn more about how we can help guide you.

The Money PIG podcast is hosted by Reid Trego. Goodwin Investment Advisory is a Registered Investment Advisory firm regulated by the Securities and Exchange Commission in accordance and compliance with securities laws and regulations. Goodwin Investment Advisory does not render or offer to render personalized investment or tax advice through the Money PIG podcast.  The information provided is for informational purposes only and does not constitute financial, tax, investment or legal advice.

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The Money PIG Podcast brought to you by Goodwin Investment Advisory where our Mission is to lead people to Financial Peace, Independence and Generosity.
By Published On: September 11th, 2023

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About the Author: Tara Bruce

Tara Bruce
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