Podcast: Rich and Regular

E6: Financially supporting a Parent...Our Story [ Show Notes]

Episode Description:

In this week’s episode, we’re discussing our experience moving Julien’s Mom out of senior housing and taking on the role of financially supporting a parent. If you’ve been reading our blog for a while, you know we’ve discussed the tension between trying to support a financially insecure parent and pursuing Financial Independence. If you’re interested in more of our family’s backstory with this, start here or here

Caring for elders and children at the same time isn’t a new concept, but a recent report suggests that modern caregivers are younger, more ethnically diverse and newer to caregiving as a whole. Millennials and Gen X’ers are feeling the squeeze. 

We don’t have any magic solutions, but in this week’s episode, we share: 

  • How Julien’s upbringing and cultural norms impacted his financial planning 
  • What led us to step in and provide financial assistance 
  • What it means to be part of the “sandwich generation”
  • Our favorite resources on navigating difficult money conversations with parents

Mentioned in this episode

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