Faculty Publications

Title

Four Reasons Why Your Parents Could Be Your Biggest Retirement Risk

Document Type

Article

Publication Date

6-15-2015

Abstract

Saving for retirement is an incredibly difficult task, as the path to retirement is filled with hurdles like paying for your children’s college education. However, one hurdle you might not think about is your parents. Your parents might be the only reason you are where you are today, as they might have paid for your upbringing, college education, wedding, and perhaps even helped you purchase a house. But as your parents age the tables begin to turn, as many elderly parents in retirement will need care when they become frail, and may not have enough money to survive, relying upon their children’s support.