Baby boomers, money and their adult kids -

Baby boomers, money and their adult kids

Did you know more than ninety percent of baby boomers are now giving financial support to their adult kids?

Money Expert Nathan Bachrach says that's one of the headlines in a report from Ameriprise Financial. 

Also interesting - boomer dads are more likely than moms to give money to their adult children. 

But boomer women were more likely than men to start financial conversations with their kids. And boomer women were also more likely than men to talk with their aging parents about finances, too. 

Bachrach says communication is critical if you're part of the sandwich generation. Though it can feel intrusive, you need to know if your parents have the resources to pay for medical care or long-term care, on top of their bills.

And your adult kids need to know what help you can provide, without sinking your own retirement. So help them if you can, but be clear about the limits of that help.

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