Financial advisors in
Eden Prairie, MN

It’s hard to believe it has been five years since the last summer Olympics, and we’ve had an extra year to break out some of our best sports analogies. With that said, what do you have to do to achieve gold? The best bet, and we’ve asked all the experts, is to be Simone Biles. However, we recognize almost none of our readers are Simone Biles. But that doesn’t mean we can’t take some lessons from the different athletes who do compete at the highest level.

When we recommend working with a financial advisor, we don’t mean that you should pick one and call it a day. Working with your advisor means keeping lines of communication open, adapting as your goals and needs change, and proactively managing your financial relationship. Here are some topics you can use to keep the discussion going.

Recently, we discussed the struggles of the sandwich generation, folks who are taking care of their aging parents while still raising children. This time, we’d like to focus on adult children who are leaving the nest or otherwise need your help getting launched. Supporting your children financially is about more than giving them money. They will probably need some of that, but they also need your wisdom and encouragement.

You might be reaching the age where your parents are going to be depending on you to provide some level of care. For many of you, this is compounded by the need to provide for children of your own. There’s even a name for it, the “sandwich generation”. But really, it’s more like the “pulled apart” generation. Whether it’s supporting kids in college or providing long-term care for a parent, it can seem like you are being torn in different directions.