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Parents Juggle Retirement Plans While Supporting Adult Children

By Kendrick Davis

A significant number of parents are caught in a balancing act between their own retirement aspirations and the financial support they provide to their adult children. This research from Ameriprise Financial underscores the critical role of financial advisors in helping families navigate these complex decisions.

MINNEAPOLIS–(BUSINESS WIRE)–Two-thirds (65%) of parents believe they’ll have enough money to live comfortably in retirement, yet over a third (36%) worry that supporting adult children financially could impact their plans, according to new research released by Ameriprise Financial (NYSE: AMP). Encouragingly, nearly all parents (96%) who work with a financial advisor are confident they will achieve their top three financial goals, with nearly eight in 10 (78%) reporting their advisor was helpf

Source: Original Press Release

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