In this episode, we're joined by Rachel Rasmussen, MBA, CFA, CDFA®, Investment Manager and Shareholder, and Megan Lyons, CFP®, Financial Planner. They discuss the financial and emotional challenges of the sandwich generation — those balancing the care of aging parents while supporting their children. They explore how cultural expectations, financial planning, and clear communication shape caregiving responsibilities.
Key Takeaways:
(00:26) The sandwich generation faces financial and emotional pressures.
(00:59) Cultural and generational factors shape caregiving expectations.
(04:49) Transparency in financial discussions fosters better planning.
(07:42) Setting clear parameters helps determine aging-in-place options.
(12:55) Sibling coordination prevents future conflicts in caregiving.
(16:57) Major life changes signal the need to review estate documents.
(18:14) Aging parents should ensure their helpers span generations.
(20:32) Downsizing possessions can ease transitions for loved ones.
(23:56) Open conversations about care plans reduce family stress.
Resources Mentioned:
A Place for Mom | Website -
https://www.aplaceformom.com/
Marie Kondo's "The Life-Changing Magic of Tidying Up" -
https://www.amazon.com/Life-Changing-Magic-Tidying-Decluttering-Organizing/dp/1607747308
Connect with Rachel Rasmussen & Megan Lyons:
info@fosterandmotley.com
+1 513-561-6640
Foster & Motley -
https://www.fosterandmotley.com/
LinkedIn: Rachel Rasmussen, MBA, CFA, CDFA®
https://www.linkedin.com/in/rachel-rasmussen-cfa-cdfa/
LinkedIn: Megan Lyons, CFP®
https://www.linkedin.com/in/meganlyonscfp/
LinkedIn: Foster & Motley, Inc.
https://www.linkedin.com/company/fosterandmotley/
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