Will you have to pay for your parents’ retirement?

This article is reprinted by permission from NerdWallet.

Being in the sandwich generation can be hard. While you’re raising children and dealing with the stress of managing your own family, you’re also caring for aging parents and helping them with health care and other important decisions.

If your parents haven’t been preparing financially for their retirement or end of days, that can put you in an especially tough situation. It can be very difficult to have the burden of financially negligent parents fall on your shoulders. You’re likely concerned about how you’re going to pay for your own bills, children’s college education and retirement, rather than thinking you might have to help out your parents as well.

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