The sandwich generation
Download
1 / 25

- PowerPoint PPT Presentation


  • 386 Views
  • Updated On :

The Sandwich Generation Plan Ahead Start saving for college as soon as possible. Control your debt. Set financial goals and review regularly. Invest as much as you can for retirement. Talk to your children about what to expect. Talk to your parents about their plans and provisions.

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about '' - adamdaniel


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript

Plan ahead l.jpg
Plan Ahead

  • Start saving for college as soon as possible.

  • Control your debt.

  • Set financial goals and review regularly.

  • Invest as much as you can for retirement.

  • Talk to your children about what to expect.

  • Talk to your parents about their plans and provisions.


Money management l.jpg
Money Management

  • Establish clear goals.

  • Resolve to spend less.

  • Reduce high credit card debt.

  • Make saving a priority.

  • Organize your financial records.


Caring for aging parents l.jpg
Caring for Aging Parents

  • • Talk to Your Parents

  • • Prepare a Personal Data Record

  • • Get Support and Advice


Exploring long term care l.jpg
Exploring Long-Term Care

  • • 7 million seniors

  • • Long-term care insurance

  • • Cost and coverage vary greatly


Keeping costs down l.jpg
Keeping Costs Down

  • Buy before age 60.

  • Choose a shorter benefit period.

  • Have a longer elimination period.

  • Pay higher out-of-pocket.

  • Is part of the premium is tax deductible?

  • Buy group coverage.

  • Ask about spousal discount.

  • Purchase an inflation rider.


Housing options l.jpg
Housing Options

  • Assisted Living

  • Nursing Home


Health insurance l.jpg
Health Insurance

  • • Don’t go bare

  • •HMOs

  • • PPOs

  • • POS


Health insurance9 l.jpg
Health Insurance

  • • Flexible Spending Accounts

  • COBRA

  • Medicare

  • Medicaid


Child care l.jpg
Child Care

  • • Affordability

  • • Availability

  • • Quality


Tax breaks for caretakers l.jpg
Tax Breaks for Caretakers

  • • Young children, dependent family members

  • • State

  • • Federal


Achieving your financial goals l.jpg
Achieving Your Financial Goals

  • Set clear goals

  • Resolve to spend less

  • Create an emergency fund


Achieving your financial goals13 l.jpg
Achieving Your Financial Goals

  • Make saving a priority

  • Reduce high credit card debt

  • Evaluate your insurance coverage

  • Think taxes


Creating a budget l.jpg
Creating a Budget

  • • Income/take home

  • • Fixed expenses (car payment, rent, mortgage)

  • • Flexible expenses (phone, electricity)

  • • Discretionary expenses (clothing)

  • • Savings


Creating a budget15 l.jpg
Creating a Budget



Credit cards l.jpg
Credit Cards

  • Be aware of teaser rates

  • Stick with one credit card

  • Pay in full every month


Credit cards18 l.jpg
Credit Cards

  • Pay on time

  • Avoid cash advances

  • Protect your credit history


Credit cards19 l.jpg
Credit Cards

  • Don’t exceed your credit limit

  • Review statements carefully

  • Report lost or stolen cards immediately

  • Protect personal information


Making college a reality l.jpg
Making College a Reality

  • • Implement a savings blitz

    • Tighten the belt

    • Tuition management services

    • Sec. 529 Plans

    • Coverdell Education Savings Accounts


Making college a reality21 l.jpg
Making College a Reality

  • • Financial aid

    • Scholarships or grants

    • Student or parent loans

    • Work-study


Making college a reality22 l.jpg
Making College a Reality

  • • Seek out scholarships

  • • Tap your home equity

  • • Comparison shop

  • • NO RETIREMENT LOANS


Savings and investing l.jpg
Savings and Investing

  • • Start small

  • • Contribute to your retirement plan

  • • Save through payroll deduction plans

  • • Set up an automatic investment plan

  • • Round up your mortgage


Savings and investing24 l.jpg
Savings and Investing

  • • Bank your raises

  • • Keep paying off a loan

  • • Pay off your credit cards

  • • Reinvest dividends

  • • Keep track of where the money goes



ad