By Craig Erwin, Ph.D. 12-8-20

It is really hard for parents to save for retirement. Obviously, education costs and saving for education costs make it more difficult for parents to save for retirement.
Even though children pose a serious threat to retirement preparedness, they are not the biggest threat. The biggest threat to retirement preparedness is the lack of a workplace retirement savings plan or pension. In other words, a workplace retirement savings plan or pension sharply increases the likelihood of retirement preparedness. Marriage also helps. Married couples (especially if both work) tend to have much more wealth than singles and divorcees, which aids retirement preparedness.
One way that financial preparedness for both children and retirement can be sabotaged is through divorce. Unfortunately, both children and parents often suffer as a result of divorce and it can throw a wrench into the best financial plans. As a result, one of the smartest financial moves a couple can make is to stay married. There are financial benefits that stem from marriage continuity and some steep expenses associated with divorce.
Children change everything, and they especially change a family’s finances. It’s not as if we must choose between children and retirement, but we must go into parenthood with eyes wide open. Children are likely to make it more challenging to prepare for retirement. In fact, many parents are ill-prepared for retirement because, instead of saving money for their retirement, they choose to pour their money into their childrens’ college education. This is short-sighted. Although it is very generous of parents to help finance their childrens’ post-secondary education, it is a stupid thing to do for parents who have not prepared well for retirement. Some parents are able to both put away enough money for retirement and help their children with educational expenses. But, if parents are unable to both help their children financially and save enough to retire, the priority should be retirement savings, not educational expenses.
If parents cannot or will not assist their children with educational expenses, their children have other alternatives to help them fund their education (e.g., student loans, work-study, working while in college). But, if parents fail to adequately prepare for retirement, they have no alternative but to become a burden to their children or to work until they die.
Working until you die may sound like a reasonable alternative, but who wants to do it? And frequently seniors have no choice – either their employment is terminated or their health problems prevent them from continuing to work.
So, be realilstic about your options and plan ahead. If you decide to have children, be sure to prepare for them financially. And make certain that you prepare adequately for retirement whether or not you decide to have children. See the article below for the best approach to saving for retirement.
cialis for sale in canada best price for daily cialis free samples cialis
cialis 800mg tadalafil what is cialis black
viagra cialis trial pack cialis cialis online buy
purchase cialis tadalafil 20mg best price cialis generic dapoxetine
fastest delivery service for cialis cialis online pharmacy cialis cheap
cialis with dapoxetine cheap generic version of cialis drug canada cialis with prescription
viagra without a doctor prescription sildenafil 20 mg viagra cost per pill
buy viagra online canada sildenafil 100 mg buy generic 100mg viagra online
ivermectin for dogs side effects stromectol for sale stromectol tablets for humans
stromectol 12 mg tablets cattle ivermectin for humans stromectol 12 mg tablets
stromectol for sale stromectol for sale ivermectin for demodex mites in dogs
stromectol for sale stromectol for sale oral ivermectin rosacea
clomid where to buy cheap clomid online clomid
clomid for sale canada clomid for sale canada clomid
viagra pills sildenafil 100 mg lowest price sildenafil 20 mg
buy tadalafil online where to buy liquid cialis buy tadalafil online
tadalafil lowest price tadalafil online purchase of tadalafil in india
viagra viagra sildenafil 20 mg
stromectol for sale ivermectin without a doctor prescription stromectol for humans for sale
generic drugs india order online legitimate online pharmacies india india pharmacies shipping to usa
india pharmacy trusted india online pharmacies cheap generic drugs from india
order prescriptions online without doctor recommended canadian pharmacies recommended canadian pharmacies
best ed pills best pill for ed cheapest ed pills
best ed treatment ed medication online best pill for ed
treating heartworms with ivermectin and doxycycline agri mectin ivermectin how long does it take ivermectin to kill scabies
best over the counter ed pills ed pills ed pills
prescription drugs canada buy online online canadian pharmacy online prescription for ed meds
best ed pills non prescription erection pills online ed medications online
ed meds online without doctor prescription prescription drugs online without doctor pain meds without written prescription
where to buy propecia where to buy propecia online finasteride cost
the best ed pill viagra without doctor prescription amazon remedies for ed
cialis black online side effects of cialis daily cialis black 800mg
ivermectin for foxes ivermectin near me ivermectin dosage for dogs for heartworm prevention
generic over the counter prednisone cheap prednisone prednisone 5093
prednisone 40 mg prednisone for sale prednisone 80 mg daily
how much ivermectin to give a dog with sarcoptic mange ivermectin lotion for humans ivermectin for guinea pigs petsmart
prednisone 30 mg coupon prednisone for sale buy prednisone online paypal
[url=http://cheapdrugs.store/#]medication drugs[/url]