Best Financial Advisors in Georgetown, ON

If your parents are getting into their 60s and 70s, you might be wondering whether or not they’ve got enough in the bank to retire. And rightfully so. This is one of the most common money fears among adults. Let alone, the stress it could impose on a marriage.n✨nSupporting elderly parents is quite common in some cultures. After all, our parents did put up with us for all those years. Some might say it’s only right that we should look after them in their later years. However, I won’t sugar coat it. Having to financially support your parents can definitely cause financial stress, especially if you’re not prepared for it. That’s why it’s important to create a plan! The earlier the better.n✨nGet the whole gang together, both siblings and your parents and don’t be afraid to ask questions about their retirement plans. Make sure to ask the hard questions about how much they’ve saved, how they plan to spend it and how long it’s going to last. At best, you’ll be surprised to find that they have more set aside than you thought. At worst, you’ll know exactly what you’re up against and who they need to see to put a retirement plan in place. Again, having a solid team makes all the difference. n✨nThe good news is that there are some government programs that can help if your parents really don’t have enough savings to retire. Either way, putting together a retirement plan with a Financial Planner is a must. And they’re never too late to start. Remember, the key here is the sooner, the better!n✨nDoing the work up front, eliminates the need for guess work. Ask the hard questions, because failing to plan, is planning to FAIL!nn#retirement #retirementplanning #familyfirst...