HCR Wealth Advisors is a registered investment advisory firm that services individuals of varying income levels and financial means. . The firm works to educate clients on investment strategy and create personalized strategies to help them achieve their financial goals.
Understanding the Sandwich Generation
The sandwich generation is the group of Americans who find themselves both trying to help their parents with their retirement while also trying to help their grown children with college expenses. Trying to do all three of those things at once has put the Sandwich Generation through significant financial strains.
Think of Yourself First
That is advice that flies in the face of most everything that we most likely believe we should do. We often hear that you should always put members of your family first. You are told that it is selfish to put yourself first. However, one has to wonder why that could be the case. There is no commandment written anywhere that says that this must be the case. In fact, putting yourself first in certain circumstances is actually the best thing to do for your loved ones.
Start Saving for College Early
The earlier that you can plan ahead for the upcoming college costs the better. The cost of college just continues to rise and rise. People who want their children to attend an institution of higher learning should start preparing for the costs of that education as soon as possible. That is the only way that you can be sure that your child will actually be able to afford to go.
This is obviously good advice no matter how old you are or what your station in life is. You have to try to save money whenever possible because you don’t want to call upon others unnecessarily to help you with your financial situation. Look at saving like this and you will probably do more of it.
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