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The Sandwich
Generation Squeeze
More than one in every eight Americans aged 40 to 60 is both raising a child and caring for a parent.1 Many people are
"sandwiched" between raising young families and caring for older loved ones, placing some in an unprecedented financial strain.
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#42 Have the Talk
Caring for an aging loved one is tough.
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#43 Get a Letter of Instruction
The caregiver needs a list of important instructions.
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#44 Write Wills
This designates who will receive major assets after the person you're caring for dies.
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#45 Establish Power of Attorney
If people under your care can't make decisions for themselves for any reason, you need power of attorney to make decisions for them.
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1. Johnson A, et al, A Generation Caught Between Two Others. MSNBC.com. 2007