As the breadwinner of a family, I noticed that when I planned for retirement. My biggest challenge is to determine how much buffer I need to factor in my retirement to fulfill my dependencies (aging parents) daily and special needs. As shared in my earlier post, money has always been a sensitive topic within my family. Thus, I needed a way to broach this topic in the least destructive way so that I could get the information I need to build my buffer. Else, I would never dare to retire.
This is what I did to get started which actually worked out quite well. Thought I should share it with you. Note that I haven’t completed all the steps. I am still finding a right moment to carry out actions 6-9.
1) Start A Conversation
Use an article to start a conversation with your parents on retirement. I found that this ......