Ep 25: How Children Become Part of the Retirement Discussion

For many parents, everything revolves around their children. That’s why today we’re talking about retirement and how your children should become part of the discussion.
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Show Notes For This Episode

On this episode of Saving the American Dream, we’re talking about children and why they need to become part of your retirement discussion. We don’t want to coddle our children by any means, but our money typically goes where our heart is, so this is an important discussion to have.

First, let’s talk about college expenses. Many people are having kids later in life, so kids’ college and your retirement are sometimes happening at the same time, which can be dicey for your finances.

Having kids later in life can make retirement planning even harder, unless, of course, you were saving tons of money prior to having kids. Then maybe it won’t be as much of a problem.

On today’s show, we’ll also share:

  • How some kids move back home after college and how that can affect your financially.
  • How grandkids factor into people’s retirement plans.
  • How parents handle finances with children with special needs
  • How families can leave generational wealth.

Listen to the full podcast or use the timestamps below to jump to a specific section.


Navigating the Show

[2:22] – College expenses

[6:40] – Living with parents

[8:52] – Grandkids

[11:10] – Children with special needs

[13:20] – Generational wealth

[16:06] – Mailbag: Mom’s house

[18:16] – Mailbag: Money in the bank


We don’t want to coddle our children by any means, but our money typically goes where our heart is.

– Michael Schulte

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