Debt Free In 30

How do you balance financial well-being with the responsibility of supporting aging parents? This important episode tackles the complexities of financial caregiving, highlighting the challenges of the "sandwich generation"—those caring for both children and elderly parents—all while managing personal debt. Doug and Ted cover the pros and cons, from government benefits to taxes to practical steps for initiating conversations with your parents; you’ll learn essential tools and strategies for confidently navigating financial caregiving. Timestamps: (0:40) – What’s the Average Age for Insolvency? (2:00) – Understanding the “Sandwich” Generation: Caught Between Debt and Aging Parents (5:00) – Financial Caregiving Explained: What Does It Entail? (8:00) – Should You Prioritize Paying Off Debt or Helping Your Parents? (9:45) – Sidebar: Why Ted Hates Reverse Mortgages (14:00) – Government and Community Benefits for Caregivers and Their Aging Parents (16:00) – The Impacts and Downsides of Financial Caregiving