Connections - Spring 2015 - (Page 20)

> worklife ling Family Jugg ION: sponsibilities NDWICH GENERAT Re THE SA BY ERIK lAWSER AT A TIME when your career is reaching a peak and you are looking ahead to your own retirement, you may find yourself in the position of having to help your children with college expenses while at the same time looking after the needs of your aging parents. Squeezed in the middle, you've joined the ranks of the "sandwich generation." What challenges will you face? Your parents faced some of the same challenges that you may be facing now: adjusting to 20 Spring 15 a new life as empty nesters and getting reacquainted with each other as a couple. However, life has grown even more complicated in recent years. Here are some of the things you can expect to face as a member of the sandwich generation today: * Your parents may need assistance as they become older. Higher living standards mean an increased life expectancy, and you may need to help your parents prepare adequately for the future. * If your family is small and widely dispersed, you may end up as the primary caregiver for your parents. * If you've delayed having children so that you could focus on your career first, your children may be starting college at the same time as your parents become dependent on you for support. * You may be facing the challenges of "boomerang children" who have returned home after a divorce or a job loss. * Like many individuals, you may be incurring debt at an unprecedented rate, facing pension shortfalls, and wondering about the future of Social Security. What can you do to prepare for the future? Holding down a job and raising a family in today's world is hard enough without having to worry about keeping the three-headed monster of college, retirement, and concerns about elderly parents at bay. But if you take some time now to determine your goals and work on a flexible plan, you'll save much stress-and expense-in years to come. Planning ahead gives you the chance to take the wishes of the entire family into account and to reduce future disagreements with your siblings over the care of your parents.

Table of Contents for the Digital Edition of Connections - Spring 2015

Message from the Chair
GSAE News & Events
New Members
Keeping Up with the Millennials
Coaching Investments in the Workforce
A Conversation with Them Young’uns
The Sandwich Generation: Juggling Family Responsibilities
The Internship Experience
GSAE Events
Destination: Meet at the Coast
Choices: Art to the Science or the Science to the Art
Index of Advertisers
Advertiser.com

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