How to Retire Your Parents: Financial Strategies for First-Gen Families
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#88: In this episode of Money Noticias podcast, host Israel and Sunem discuss strategies for retiring parents. They emphasize the importance of setting boundaries and prioritizing one's financial wellness. They also encourage open conversations about money with parents and family members, as well as considering the financial context and other important factors related to retirement.
Episode Takeaways
- Set boundaries and prioritize your own financial wellness when planning to retire your parents.
- Have open conversations about money with your parents and family members.
- Consider the financial context and other important factors related to retirement.
- Explore strategies such as house hacking, geo arbitrage, and investing in the stock market.
- Seek community support and plan for the physical and emotional care of aging parents.
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