YOUR CHILDREN ARE NOT YOUR RETIREMENT PLAN

Book excerpt: "This book is quite insightful and puts great focus on a topic that's so crucial but not widely discussed as it should be. He has clearly brought to attention one of the major challenges to a secure retirement (both in terms of planning and execution).YOLO is a scam. There's life after retirement, and children are not the plan. " ~ Peter V. Wilson, advocate for early retirement. Do you trust that your children will provide for you in your golden years? 58 percent of baby boomers expect financial assistance from their offspring upon retirement, according to the Transamerica Center for Retirement Studies. Why are parents thinking this way, and what does it mean for their lives and the lives of their children? This book discusses Why should you not rely on your children to fund your retirement. How to prepare for and enjoy retirement. Retirement planning tactics applicable regardless of your level of funds. A plethora of guidance on how to save money, invest intelligently, and establish a retirement income that will last a lifetime. Your Children Are Not Your Retirement Plan is a must-read for retirees and young people who will eventually become parents. About The Author George Smith is a well-known financial advisor. He has assisted many of his clients in developing financial discipline so that they can live a more meaningful life now and in retirement. As a member of the sandwich generation, he believes that with the correct knowledge and education, the financial ramifications of retirement for both parents and children may be more joyful. About The contributor Sylvie Tamanda, and successful businesswoman with over ten years’ experience in several sectors and professions. She was raised by a successful businessman and a mother who ran her own business. While her father passed away when she was only 16 years old, she was compelled to take over the operation of his business. Sylvie obtained a lot of experience because of her business exposure and early motherhood. She’s the creator of the Young and Independent project as well as a business coach. Her dedication to improving the lives of young black men and women who are struggling with their personal development, their financial situation, and the stagnation of their careers and businesses is very admirable.