July 24, 2023

Embracing the Challenges of the Sandwich Generation

32 minutes

This week, Carla is back to delve into the challenges faced by millennials, aka the sandwich generation, who find themselves juggling the responsibilities of raising their own children while also caring for their aging parents. Our guest speaker, Vince, the CEO of Villa Italia Retirement Home in Hamilton, Ontario, shares his insights and expertise on how to navigate this complex phase of life. We explore the difficulties of adulting, the uncertainty of the future, and the importance of planning ahead to ensure a smooth transition when the time comes. Whether you are currently facing these challenges or want to be well-equipped for the future, this episode offers practical tips and expert advice to navigate the intricacies of caring for loved ones in their later years.

Episode Highlights:

Understanding the uncertainties of adulting and the need to plan for the future to be well-prepared for any situation

Importance of doing groundwork and planning ahead, even if parents are initially unreceptive to concerns about their well-being

The changing landscape of the sandwich generation compared to previous generations, emphasizing the need for new approaches and strategies

Exploring financial planning conversations with parents and why it is essential to make this a priority

Balancing dual-income families with caregiving responsibilities and finding ways to ensure aging parents are well taken care of

The role of a mediator, such as a financial advisor, in helping families have difficult conversations about future plans and retirement goals.

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