A hidden risk to your client’s retirement: Adult children

Parents face a heart-wrenching dilemma

• Emotional urgency often drives decisions
• Financial logic takes a backseat
• Unexpected health crises can multiply costs overnight
• Retirement savings may be drained to cover care and emergencies

Emotional decisions vs. financial planning

• Parents often prioritise care over cost, risking their own financial future
• Emotional bonds make saying 'no' nearly impossible
• Supporting adult children can delay retirement by years
• Ongoing financial aid erodes retirement nest eggs

The legal and medical maze

• Emotional stress intensifies when navigating complex healthcare systems
• Consider options to prepare for emergencies with legal and medical directives

How to assist your clients in protecting their retirement and their family

• Promote proactive financial and legal planning to help families manage unexpected medical events involving their children – even in adulthood; and
• Consider long-term protection and estate planning tools

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