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Retirement planning for the sandwich generation

Article Abstract:

Six resourcemanagement factors which influence planning for a financially secure retirementfor the sandwich generation are examined. The sandwich generation refers to individuals between the ages of 40 and 65 who are expected to provide financialassistance to parent(s) while currently supporting one or more children. The influence of parent care responsibilities on use of retirement income and the degree of task assistance to parents are found to be the two most distinctive characteristics of the sandwich generation.

Author: Junk, Virginia W., Stenberg, Laurie A., Anderson, Carol A.
Publisher: American Association of Family and Consumer Sciences
Publication Name: Journal of Home Economics
Subject: Home and garden
ISSN: 0022-1570
Year: 1993
Caregivers, Retirement planning, Adult children

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Personal determinants of the first postretirement move

Article Abstract:

Data collected from 5,662 people to identify the reasons for the first postretirement move found that personal reasons, perceptions of retirement and relocation, desired post-retirement community services, and geographic climatic references were key determinants. The people who thought that they might move after retirement expected to relocate with ease, chose the time of their retirement but not the place, did not own their own homes, or desired to settle near oceans rather than mountains.

Author: Junk, Virginia W., Anderson, Carol A.
Publisher: Sage Publications, Inc.
Publication Name: Home Economics Research Journal
Subject: Home and garden
ISSN: 0046-7774
Year: 1993
Emigration and immigration, Retirees

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Talking with aging parents about finances

Article Abstract:

Three strategies on how to talk with aging parents about finances are described. Barriers which may impede conversations with parents orother aging family members about money are identified. Alternatives to considerif a parent is healthy, but needs limited help with finances as well as legal options available if one or both parents are incapacitated are also discussed. The role of home economics professionals in this situation is likewise explored.

Author: Goetting, Marsha A., Schmall, Vicki L.
Publisher: American Association of Family and Consumer Sciences
Publication Name: Journal of Home Economics
Subject: Home and garden
ISSN: 0022-1570
Year: 1993
Aged, Elderly, Financial planning, Family

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Subjects list: Methods, Economic aspects, Finance, Parent and child, Parent-child relations
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