Life was hard for parents already, but the pandemic exposed that struggle to the rest of the world. This applies to your everyday life and your financial life...How can you manage to pay for your kids' college, your own retirement and the life you want along the way? It has often been said that if only we could give up our fancy coffee each day, we would have no problem retiring with the lifestyle that we desire. Many Americans aren’t saving enough and salaries haven’t been keeping up with inflation, but there’s another reason why many Americans are retiring with about ½ of the lifestyle of their working years. Many people used to retire with a pension; a guaranteed income stream for life, which along with Social Security was usually a good replacement for your working salary. When companies shifted to 401(k) type retirement plans, the focus shifted from annual retirement income to a nest egg mentality. This change in focus caused us to take our eye off the prize - retirement income. The more efficiently we can produce that, the more money you’ll likely have available for things like your kids' college and your lifestyle along the way. It’s not your fault if you’re having difficulty balancing all the financial demands on your life. I help successful, working parents of young children develop a plan to help meet their multiple financial goals.
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Securities offered through The O.N. Equity Sales Company, Member FINRA/SIPC, One Financial Way, Cincinnati, OH 45242 513.794.6794. Investment Advisory Services offered through O.N. Investment Management Company.
