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.
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The 401(K) has become America’s number one way to save for retirement. The stock market’s recent bull streak has not only pushed the average 401(k) plan balance to record highs, but also boosted the ranks of a new breed of retirement investor: the 401(k) millionaire. To join this “Million Dollar Club,” you need to learn all the right ingredients to this recipe.
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Horizons Wealth Management provides Fee-Only financial services customized to meet each client’s unique needs. The result is unbiased financial advice from professionals who are committed to acting as a fiduciary in a client-centered relationship. We analyze all aspects of your finances to design a roadmap to help you reach your financial goals and provide you with peace of mind.
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