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Pausing Retirement to Help Kids | Raleigh News
Description
Adult kids moving back home? It’s common, but a dangerous financial trap lurks: nearly 20% of parents are pausing their retirement savings to help out. Financial guru Suze Orman warns that every dollar skipped from your retirement account doesn’t just vanish—it’s lost potential growth. Sacrificing $500 a month for two years could cost you nearly $46,000 over 20 years. Worse, it might force your kids to bail you out later. Generosity is great, but don’t gamble your future—help your kids without wrecking your own retirement.
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