“It’s never too late to retire early”

04 Sep 2020 | Should you help your family out by draining your retirement account?

04 Sep 2020 | Should you help your family out by draining your retirement account?


“It’s never too late to retire early”

Should you help your family out by draining your retirement account?

assisting during the pandemic

Image Source: Fool



Many have been applying for first-time unemployment benefits over the last month. While the stat rate is trending down, still an alarming rate of Americans are out of work. With no new pandemic relief bills in sight, some are turning to their parents for help. 


Many older adults would be more than willing to give what they can to help their relatives out. An alarming number of retirees said they would offer their family financial assistance even if it could jeopardize their financial futures. But could that decision end up hurting them and their loved ones a lot more than turning down the request for assistance?

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It’s never too late to start saving,

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Gordon Fox
Gordon Fox is the editor of investinglate.com and writes about Investments, Savings, and how to make the most of your money