The following is a guest post from BMO Harris Premier Services. BMO Harris Financial Advisors, Inc. offers a comprehensive range of investment advisory products that include financial planning strategies and estate planning strategies, insurance and brokerage products and services, to meet the financial needs of mass affluent clients. Offices are located throughout the U.S. Learn more at www.bmoharris.com/financialadvisors.
A study issued this month by BMO Harris Premier Services found 47 percent of Americans aged 45 to 65 are juggling the demands of caring for their children or aging relatives (i.e. parents, in-laws, grandparents, etc.). Ten percent currently care for both generations while 17 percent expect that they will have to care for the two generations at some point in the future.
According to the study, a quarter (26 percent) are concerned that caring for two generations will affect their ability to meet key financial goals (i.e…
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