It's important to help our parents as they approach retirement, though it can be a difficult topic to bring up, so before you jump in, have some perspective. It can be hard for parents to ask for help from their adult children.
One way to bring up the topic is to start by talking about your own savings and plans for retirement. Perhaps start by saying you recently heard a great segment on the radio about the importance of saving for retirement and were exploring your options. Then ask your parents how they planned for their own retirement. From there, you can more easily ask about how they see their golden years and discuss whether or not you and your siblings should play a part. The key is to start the dialogue in a caring and sensitive manner.
Finally, if you have children of your own, consider your own retirement plans so you don't become dependent on them. Consider whether or not you're saving enough so you can break the cycle of financial dependence.
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