Are Your Kids Ruining Your Retirement?

  More than a third of millennials receive financial support from their parents.   New studies show that many boomers are risking ruining their retirement to subsidize their adult children, which is scary as they live longer and will need more savings.  Making personal sacrifices for the good of your children is good parenting.  But there are limits, and financial advisors agree that your retirement should not be on the table. 

 

More than a third of millennials receive financial support from their parents.   New studies show that many boomers are risking ruining their retirement to subsidize their adult children, which is scary as they live longer and will need more savings.  Making personal sacrifices for the good of your children is good parenting.  But there are limits, and financial advisors agree that your retirement should not be on the table.