FPA Connect: The Triple-decker Club Sandwich Generation

The Triple-decker Club Sandwich Generation

Our families have become “everything everywhere all at once.” In this webinar we will discuss supporting kids, parents, and partners simultaneously once you realize that nobody is going anywhere anytime soon.  What does it mean, to have four and five generations living contemporaneously? How can we help our clients navigate this?

We’ll consider three areas:

1) Family is a fixed expense: If we are helping adult children and elderly parents we need to account for both the spend and the time commitment realistically.  Nobody will be a stranger to caregiving.  We must be prepared.

2) You are here (and so is everyone else). We will see more housing struggles of parents and children due to the high barriers to home ownership, the lack of accessible inventory to which elders can downsize and the lack of infrastructure for childcare and eldercare that currently plagues us.

3) Let’s not create a new problem. Depending on the geography, our loved ones may qualify for subsidies or benefits. It’s important that our financial assistance does not disqualify anyone from these benefits.

Presenter: Sherry Finkel Murphy, CFP®, ChFC®, RICP®, Founder/CEO Madrina Molly™