Are you part of the Sandwich Generation?

The “Sandwich Generation” is a term used to describe the phenomena of those who support both aging parents and children. More and more adults are finding themselves in a position where they have to provide some level of care to an elderly parent as life expectancies increase while supporting their own kids that are growing up in a world where it’s difficult to maintain financial independence.

Feeling the pressure?

Added pressures of managing a career, a business or personal issues and the need to contribute to their own nearing retirement, those in the sandwich generation are under significant financial and emotional stress. As this phenomena becomes a reality for more and more Canadian families, many are looking for ways to make this additional responsibility a little easier to manage. As a member of this generation, we’ll work with you to ease the financial and emotional challenges by being the backbone to your retirement plan. We put you first, always.

Putting a plan in place.

According to the Canadian Medical Association Journal nearly half of us will be caregivers at some point but only 27% of Canadians have a financial plan to help them deal with the financial pressures associated with supporting their children and/or parent(s).

Supporting your family shouldn’t mean sacrificing your own financial well-being. Having a plan can:

• Provide you with the peace of mind knowing you have a means to achieve your goals and a team behind you to help.
• Bring light to any gaps in the additional care your parents may need as they age.
• Give you a clear view of the bigger picture while easing stress caused from the unknown

A crucial, but most often overlooked, part of estate planning that we implement for our clients is gathering the right information, appropriate documents and putting them in front of experts that can provide guidance when creating their will and succession plan over multiple generations.