When parents have teenagers, “the talk” usually refers to a conversation about birds and bees, but as children become adults there is another equally hard but necessary conversation.
For people in their 40s and 50s, caring for their children as well as their parents, mapping out a financial future can be especially necessary. And challenging.
The word “retirement” may conjure up images of tropical relaxation, spending time with grandkids or perfecting one’s golf game. But for many Mainers, that concept of retirement is a thing of the past.
Writing for the annual Mainebiz Senior Smart publication, guest columnist Laura McHugh of Spinnaker Trust highlights five steps for long-term financial planning.
