Jessica Tuman, head of the Voya Cares program, discusses the unique financial hurdles both sandwich caregivers and career extenders are facing, particularly when it comes to retirement planning.
Retirement plan advisers can help women overcome this hurdle by being aware of the issue and counseling them on benefits and other career issues appropriately.
The COVID-19 pandemic has added to the burden many caregivers bear.
A new TIAA survey suggests Americans who are concerned about their parents’ financial security are more likely to feel stress about their own retirement preparedness.
One in five U.S. adults currently assists an older family member with daily tasks or housing, according to a new survey from RBC Wealth Management; in addition to causing stress and anxiety, the impact of caregiving can be significant on an individual’s financial health.