Ep 10: How Children Become Part of The Retirement Discussion

Widow, Wisdom & Wealth with Donna Kendrick

Family budgets, college, weddings, there is a lot to consider financially when it comes to our kids. On today’s episode, we are going to discuss the role our kids play in our retirement plan. If you have children and depending on their ages, you’ve probably thought about this before.

If you have your kids later in life, you may be looking at these expenses as you approach retirement age. Or maybe you want to save some money for your grandchildren. But giving away your retirement money to pay for college or a wedding can be dangerous if you don’t have a plan. There are many ways you can save and still protect both your future and your child’s future. It’s all about starting these conversations and plans early on.

What we discuss today:

1:17 – Catching up with Donna

2:41 – Paying for college

5:27 – Trouble with the job market

8:14 – Saving for your grandkids

9:40 – Special needs situations

12:20 – Generational wealth

13:59 – Leaving the house behind

Get additional financial information: https://sephtonfinancial.com/podcasts/