HCR Wealth Advisors Empowers Two Generations with Essential Information to Bridge Financial Gap
The term “Sandwich Generation” is a fairly new one, but plenty of people fit into its overarching description. Retirees are now living longer and outliving their retirement savings. This has caused parents to rely on their adult children for financial support after they retire. At the same time, the cost of a college education is rising, which is putting financial pressure on students and their families.
HCR Wealth Advisors, a registered investment advisory firm that understands just how common it has become for people to get stuck in the sandwich generation. The team of independent advisors knows how to educate clients on an investment strategy, while also creating personalized financial strategies for their specific goals.
Parents stuck in the sandwich generation face several obstacles. One of them is the rising cost of college tuition. On average, a four-year private college will cost $46,950 per year while a public college will cost $20,770 per year. Those fees are the reason why planning ahead is a good idea.
While the job market is still met with challenges, graduating students are faced with tough financial decisions of their own. Some of them end up returning home after graduating from college just to be able to maintain financial stability.
HCR Wealth Advisors are able to establish relationships through education, trust, and service, which supports their ability to build the type of framework for the investment allocation that best suits each client individually. Children of parents also need to be prepared with the parents’ financial information, especially concerning income and discretionary expenses.
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