Show Notes
Most of us assume the mortgage will be gone by retirement, the kids will eventually leave home, Mum and Dad will have things sorted and things will get easier.
The reality is much messier. Many carry a mortgage for longer, help children for longer, and start to discover that their parents’ retirement plan is non-existent.
In this episode of Age Brightly, Hannah McQueen talks to Katie Wesney, National Coaching Lead at enable.me, about the financial squeeze facing the ‘sandwich generation’.
Katie explains why the old retirement maths no longer works, what happens when parents are not on track, and why adult children need to understand their own numbers before they start rescuing everyone else.
Hannah and Katie talk about how paying board can preserve dignity, the stresses of managing sibling tension and the invisible labour that often falls to one person (spoiler alert: the daughter).
Plus, why ‘fair’ and ‘equal’ are not the same thing, why an inheritance is not a financial plan, and why one uncomfortable conversation over a cuppa (or something stronger) could prevent a world of stress later.
If you are paying the mortgage, raising kids, worrying about Mum and Dad, and wondering when exactly you were promoted to family shock absorber, this episode is for you.
The Next Bit podcast Host is: Hannah McQueen - Founder of Brightly
This week’s guest is: Katie Wesney, National Coaching Lead at www.enable.me
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