The caregiving crunch: How to save for retirement while caring for an elderly or disabled family member

The caregiving crunch

Becoming a caregiver for a family member is rarely a responsibility that people are financially prepared to undertake.

Adult children of aging parents are often thrust into a position of taking parents to medical appointments, providing financial support for unexpected illnesses, or managing financial affairs amid declining abilities. Likewise, parents are often caught off guard by a child’s illness or disability and must scramble to adapt to a new reality.

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