Your Money Relationship
Are you sacrificing your financial well-being with the habit of supporting your adult children?
June 27, 2022
Podcasts
Your Money Relationship
Are you sacrificing your financial well-being with the habit of supporting your adult children?
June 27, 2022
Interviewed by
Bruce Whitfield
I had an interesting conversation on The Money Show’s personal finance feature last week. I have seen an increasing number of retired clients who are supporting their adult children – very often to their own financial detriment. As parents, we have to have these courageous money conversations with our children and teach them to put the right money habits in place. Be cautious when you find yourself in this situation. You don’t want to deplete your savings and be dependent on them to support you in future.