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Thursday, November 12th, 2009

Boomers delay their own retirement to take care of aging parents

October 22, 2008 by Elizabeth  
Filed under Parenting

Boomers delay their own retirement to take care of aging parents

Especially in these tough financial times, older adults are delaying their own retirements and using their savings to support aging parents as Sue Martin, of Claymont, Delaware has had to do:
It hasn’t been easy. Martin, who’s divorced, had planned to retire next year from her job as a legal assistant at a pharmaceutical company. But while she has a retirement fund of her own, her mother does not.
So now, Martin plans to work, indefinitely, to help cover the portion of the mortgage and living expenses that her mother’s Social Security and small allotment of food stamps don’t.
It can create a …read more


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