What Is Sandwich Generation Planning?

In recent years, sandwich generation planning has emerged as a major elder law issue. There is an unprecedented aging of the population underway, because the baby boomers are reaching retirement age. As people get older, role reversals can enter the broader family dynamic. People who obtain senior citizen status often need help in various ways. During this period of time, their children may provide support, but they are going to have their own parental concerns as well. Young adult children will often be going to college, so there are financial realities that must be addressed. Plus, people who are entering the middle-aged phase of life are going to be looking ahead toward their own retirement years, so there are added financial pressures. Long-Term Care If you are a member of the sandwich generation, long-term care for your parents will be a source of concern, and you should understand all of the facts so that you can make sound recommendations. Many people are not aware of the fact
http://www.norcalplanners.com/blog/elder-law/sandwich-generation-planning/

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