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Could Helping Your Kids Ruin Your Retirement? | Episode 538
Description
Helping your kids shouldn’t come at the cost of your retirement. James and Jess unpack the Bank of Mum and Dad, how much support is too much, the difference between giving your kids a head start and funding their lifestyle, and how to work out what you can actually afford to give without compromising your own financial future.
Next Steps: see if you’re on track for retirement with our free Retirement Calculator.
Listen to our previous episode exploring why family wealth is often lost across generations.
If you want to help your kids without putting your own retirement at risk, get in touch with the Lighthouse Wealth team to build a financial plan around what you can actually afford to give.
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The content in this podcast is the opinion of the hosts. It should not be treated as financial advice. It is important to take into consideration your own personal situation and goals before making any financial decisions.