Just when you think your retirement plan is set, life throws a curveball—often from those you love the most.

In this episode of Elevate Wealth, President & CEO Deanne Rosso is joined by Wealth Adviser Clarke Holt to talk about how unexpected family dynamics—like supporting adult children or caring for aging parents—can create unplanned pressure on your finances.

✔️ In this video, we explore:

– Common family situations that impact retirement plans

– Why emotional ties can lead to financial strain

– How to build flexibility and boundaries into your retirement strategy

– The value of a contingency fund for life’s surprises

Planning for retirement isn’t just about numbers—it’s about being ready to navigate life’s unpredictable turns with confidence and compassion.

Want help creating a plan that prepares you for the unexpected? Visit https://elevate-wealth.com and click “Let’s Talk.”

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Hey there, I'm Deanne Rosso, CEO of Elevate Wealth, and today I'm joined by wealth adviser Clarke Holt. Hi, Clarke. Hi. Clarke, you've been with Elevate for 22 years, and I'm sure that you've seen some unexpected family events arise. Talk to us about what things you may have seen in your career and how we can prepare for family life surprises in retirement. Sure. So Deanne, when we help people or help clients plan for retirement, we talk about numbers, savings rates, strategies, just trying to help people make smart decisions to get them in position to have a successful retirement. But there's one thing that we don't think about and that can be very unexpected, and that's family dynamics. So, we're seeing more and more retirees start to help maybe their adult children for one reason or another. Could be a divorce, could be job loss. Simultaneously, they're helping their aging parents with maybe care, long-term care cost, or maybe just extra help or maybe a place to live. And so, you combine all these things and it can put a real strain not just on the family, but it can put a strain on your financial security and your retirement plan. Absolutely. Classic sandwich generation issues, right? So, how do you build some flexibility into that retirement savings plan without sacrificing you know the things that you've planned for in retirement? Well, what we encourage people to do is be very open. Have an open dialogue with your parents, with your children. Communication is key among siblings even, like how do we take care of mom and dad? Who can mom or dad live with if they need to until they go to like a long-term or assisted living facility? So, communication, talk things out, have a contingency plan. so that everybody can stay on course with their retirement plan and nobody gets derailed. Thanks, Clarke. That's really good advice. And I think it's important to remember that retirement planning isn't just about you. It's about planning for that future that's important to you at the same time as continuing to show up for those that you love. So, if you want to create a plan that includes space for life surprises, we're here to help. Visit us at elevate-wealth.com and click "Let's talk." Thanks for joining me today, Clarke. Sure. And we'll see you all next time.#legacyplanning #EstatePlanning #RetirementGoals #FinancialLegacy #WealthTransfer #ElevateWealth #SmartRetirement #taxstrategies #AdviceInAction #ElevateWealth #WealthWise #FinancialFitness #FinancialReview #StockMarket #taxes #TaxCuts #TaxCutsAndJobsAct #InvestmentPhilosophy #RetirementPlanning #ElevateWealthAdvisory #FinancialMarkets #stocks #retirement #StockReturns #InvestmentStrategies #FinancialPlanning #WealthBuilding #wealthadviceforyourbestlife #election #politics