HCR Wealth Advisors is a registered investment advisory firm. It was founded in 1988 and has since been providing clients with personalized investment strategies to protect them against financial risk.
The Sandwich Generation is an age group of people who are between their late thirties and early fifties that have been sandwiched between having to provide for their children and parents. College-aged kids may require a lot of financial support because the price of education and college living keeps increasing. At the same time, health care costs are on the rise as well and people are living longer. Trying to provide for both their children and parents at the same time while trying to save for retirement is a tough situation in which the Sandwich Generation has been placed.
The Sandwich Generation should try to its retirement first and put away money for retirement for as long as possible and prioritize yourself even despite financial pressures of your family. They should also start preparing for the college costs of their kids as early as possible. College tuition prices keep climbing and kids may end up returning home after finishing their education to avoid paying rent and save money.
It’s also important to understand parents’ financial and health care needs. This is important to know for someone who is taking on a responsibility of taking care of their parents who are aging. People are living longer and the retirement money they have saved up may not be enough to live comfortably anymore.
HCR Wealth Advisors seeks to provide education, trust, integrity, empowerment, and transparency in their partnership with those in need to reach their financial goals.
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