Sentences with phrase «parents nearing retirement»

For parents nearing retirement, pulling money from a savings account or a 401 (k) retirement account can be problematic if they're going to need the money to retire.

Take for example a family business that owns a dozen gas stations, with the parents nearing retirement and kids deciding whether to take over versus having a very different career.

Dealing with high debt loads and a high interest rate with parents nearing retirement age can be a tough combination.

Dealing with high debt loads and a high interest rate with parents nearing retirement age can be a tough combination.

Not exact matches

Even as they near retirement age, a new report says parents are shouldering an increasingly large burden of their children's college expenses with warning signs that many are in debt over their heads.

Datskovsky's parents are near retirement age, so Adams recommended a long - term - care policy as well.

People make those kinds of changes in response to a crisis or life change (divorce, retirement, illness, job loss, to be near a sick parent), not as a preventive measure.

Those nearing retirement age and carrying high balances on student loans for parents will have to work a lot harder to follow this advice.

She said she wants to spend more time with her husband, who is nearing retirement, and her elderly parents.

«In the process, we have created a county that works for all of its residents, from a newborn born to immigrant parents on the West Side of Buffalo to the fourth generation of family farmer nearing retirement in Marilla.»

By the time you're in your 20s, your parents are probably nearing, if not already, in their retirement age.

There's just one problem: the person who takes out the loan is the one responsible for repayment, and that can leave many parents struggling as they near retirement and their children are unable — or unwilling — to take over the payments on those loans.

If you have parents trapped in debt and nearing retirement, now is a good time to have a talk about the future.

Those nearing retirement age and carrying high balances on student loans for parents will have to work a lot harder to follow this advice.

While you are young, it is important to have a life insurance to protect the needs of your parents who might be nearing retirement.

One reason for this is that their parents are nearing retirement and are more than willing to assist in financing their first home.

Gary Ward, a Realtor with Century 21 Beggins Enterprises in Sun City Center, said homes sales pick up in December as baby boomers nearing retirement visit their parents.

Parents planning to use the value of their homes to help finance the higher education costs of children could find their resources shot, and baby - boomer homeowners nearing retirement who hoped to use their home's equity to pay for a portion of their retirement would have to delay or revise their plans.