Preparing for your future can be a daunting task. With retirement savings, children’s college tuition, health care, insurance, mortgages, and a myriad of other financial obligations facing the average American, it can be difficult to set aside the time to plan your finances. People between the ages of 30 and 50 are especially susceptible to the pressures of providing financial aid to their parents and children while trying to save for their own retirement all at the same time. This generation is coming to be known as the Sandwich Generation, stuck between providing for their children and parents. That’s why HCR Wealth Advisors helps develop strategies to help clients reach their financial goals.
College tuition continues to rise. The average cost for an in-state public college, including room and board, is over $20,000 a year. For a private or out-of-state college, it is more than twice that. It is no wonder that most children have to rely on their parents to help them avoid incurring significant student debt.
People are also living longer than ever before. A lot of people often stop working completely when they retire, but that doesn’t mean their costs of living decrease. Having to rely on savings and retirement funds should hopefully allow seniors to live comfortably. However, the increased costs of health care have made that difficult for some. That is why some seniors have to rely on their children in the Sandwich Generation to help them out financially.
HCR Wealth Advisors is a registered investment advisory firm committed to establishing relationships through education, trust, and service. As your life changes and your plans evolve, HCR Wealth Advisors is there to help you through the changes.
Take the step to identify what future objectives you have and what your financial needs will look like later in life. HCR Wealth Advisors will work with you to create a personalized financial strategy.
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