It is not uncommon for parents in the Greenville, SC, area to continue to support their children well into their adult years. In some cases this includes the child and his or her spouse or partner living in the family home, usually rent free, while in other cases it may include Mom and Dad paying for elaborate weddings and honeymoons, footing the complete bill for college tuition, or even funding an adult child’s business venture.
Some parents in Greenville, SC, have the funds to provide these types of additional financial perks for their children. Other parents may only be able to afford these additional costs if they tap into their existing 401(k) plans, retirement investments, or even their emergency funds.
It is not unheard of for parents to take out a second mortgage on the house to help the kids, or to take out a line of credit or home equity loan. While these are not always bad options, they can make planning for the retirement you want an impossibility.
Understanding the Big Picture
Matthew Dixon In Greenville, SC, a Registered Financial Consultant, works with couples planning for retirement to understand what they can afford to do and still have a nest egg saved. He also works with people to make difficult decisions and prioritize their own needs for the future.
The first step in the consultation with Matthew Dixon is to take a close look at what you want to do in your retirement. With this information, and a review of your current financial situation, Matthew Dixon creates a personalized plan to help you to reach your retirement goals. With this information, couples can determine what extra funds they have to help out adult children and still enjoy their ideal retirement.
Matthew Dixon provides a personalized, customized approach to retirement planning. To learn more about the services see us at website
