The sandwich generation is a term used to describe individuals between the ages of thirty and fifty who are under the financial pressure of supporting their children and aged parents while at the same time setting aside some savings for their retirement.
With the current state of the economy, being a member of the sandwich generation can be especially financially draining. HCR Wealth Advisors firm recently gave their point of view on this issue and offered some financial tips that would come in handy for people in such situations.
HCR Wealth Advisors advises that retirement saving should be made a priority to shield our children from being in a similar situation. The firm also insists that parents should start saving for their children’s tuition, especially with the increasing college fees, from a tender age to avoid the financial pressure. One can also be keen to look into their aging parent’s financial situation and make sure that their expenditure and living conditions match their economic status.
HCR Wealth Advisors is a registered investment advisory firm founded in 1988 that provides financial and investment advice and personalized strategies to clients from all over the globe. The firm works on creating comprehensive and flexible strategies that integrate investments, retirement policies, and financial objectives.
The team at HCR Wealth Advisors also pays keen focus on educating their clients while developing a relationship of trust and cooperation with them by helping them handle financial crisis and risks that may cripple their finances. For each client, HCR Wealth Advisors develops a specific plan while considering the differences between all their clients.
HCR Wealth Group employs independent advisors who work under the founder and chief executive officer Greg Heller, Steve Weinberger the Senior Managing Director, the managing director Dave Hendler, and Jordan Kahn the chief investment officer. Having worked with hundreds of clients for three decades, HCR Wealth Advisors firm is experienced to give its views on the issue of the sandwich generation.
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