119: My Parents Are Moving In

The Momentum Advisors Show

Are you a fan of multigenerational living because of the ability to pool resources and builder a stronger relationship between the grandparents and the grandkids? Or are you a part of the "sandwich" generation who has had to move a parent in due to their failing health or lack of finances, and now you find yourself, unexpectedly, supporting your children and parent(s)? Whether you're a part of either generation today or not, you may be one day soon. This episode outlines what these life events mean for you financially, and how to prepare your bank account--and sanity--for living with your parents as an adult.