This important anecdote from a discussion with one of my clients will give you a deeper view of the root cause of why parents end up being dependant on their kids in their old age. 

Please keep in mind, as a parent, Retirement Planning is as important for you as providing for your children and their dreams. In most cases, parents outlive their money in their old age and tend to be dependant on their kids. But do you really want to be dependent on your kids when you have been independent your whole life? To understand why we ask our clients to save funds for themselves first is to primarily secure their future before anyone else’s. Listen to our latest podcast to understand where this thought stems from.