How To Retire Your Parents

In this episode, Adam and Nick address a mailbag question: "How can I retire my parents?" If you want to learn how to retire your parents, you're in the right place. This segment addresses the different ways you can accomplish your goal of retiring your parents-- from sending gift money to paying for groceries or paying for their cell phone or gas bills, helping retire your parents can look like a lot of different ways. You'll walk away from this episode knowing the types of questions to ask your parents, as well as how to have that conversation with your parents. From getting clear on your parents' financial situation to how much they'll need in retirement, this episode, will open up a dialogue many parent-child relationships do not have. According to a Stanford University Center of Longevity study, 1/3 of Baby Boomers had no money saved for retirement. This is a frightening statistic and this episode will address how we can shift that.

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