Financial Planning Tips for the Sandwich Generation
In this episode of The Sandwich Generation Survival Guide, host Candace Dellacona is joined by financial planner and author Sherry Finkel Murphy. They discuss the unique challenges of the 'Triple Decker Sandwich Generation,' a term coined to describe the multitasking demands of caring for aging parents, children, and grandchildren simultaneously. Sherry shares her experiences and strategies for managing these responsibilities, emphasizing the importance of stopping self-reproach, advocating for oneself and planning wisely.
Highlights include the significance of 'radical flexibility,' the concept of a 'Forget You Fund' for financial independence, and ways to find joy and self-care amidst multigenerational obligations. Sherry also delves into the historical context of increasing life expectancy and its impact on family dynamics, offering practical advice for living a fulfilling life even when caught between generations.
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