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The Boomer's Financial Guide to Multi-Generational Planning
The Boomer's Financial Guide to MultiGenerational Planning Author:Lyn Fisher, Sydney LeBlanc As Baby Boomers quickly approach or reach the age of retirement, many are faced with problems most of their parents and grandparents never have to deal with how to support aging parents while still providing for children who may live at home or are away at college. According to research completed by the non-profit Pew Research Center, slightly m... more »ore than 1 of every 8 baby boomers those Americans aged 45-63 are simultaneously raising a child and providing some form of financial assistance to a parent. And, the problem is growing. The U.S. Census Bureau indicates that by 2030, the number of Americans 65 or older will double to 71 million, about 20 percent of the population. For The Boomer s Financial Guide to Multi-Generational Planning, we invited a select few of the industry s outstanding experts to share information on topics of importance to Boomers, including: Life Planning Who to Help and How? Preparing Youth to Retire Young Protecting Assets from Catastrophic Medical Expenses Life Insurance Needs of Retirees Estate Planning Family Legacy Planning Parent C.A.R.E. Preparing for the Inevitable In these chapters, you ll learn what you need to do to prepare for your own future, as well as how you can help loved ones prepare for theirs. Communication is an important element for problem resolution and this book will help open the communication door so you can more easily talk with parents and children on, what can be at times, sensitive topics. If, after reading the book, you have additional questions, please feel free to contact the chapter contributors. Their contact information is included at the end of each of their chapters. These and other professionals who truly understand the issues you face as a Boomer can help guide you through life s challenging times.« less