Should I Invest or Speculate?

What is the Sandwich Generation?The term describes adults who are simultaneously caring for their own children and their aging parents. The concept was first popularized in the 1980s as life expectancy rose and more adults found themselves responsible for both older and younger generations at the same time. Who Belongs to the Sandwich Generation?Typically between 40 and 60 years oldOften Gen Xers or younger BoomersIncreasingly includes Millennials, especially those with young children and aging Baby Boomer parentsWomen often take on a disproportionate share of the caregiving duties Why Is It Growing?People are living longer: Aging parents often require care for years or even decades.Delayed parenthood: Many adults have children later in life, so theyre still raising kids while their parents are aging.Boomerang kids: Young adults are more likely to return home after college or need longer-term financial support.Insufficient retirement savings: Aging parents may not have the financial means to fully care for themselves. Challenges FacedEmotional StrainCaregiver burnoutFeelings of guilt or resentmentLack of personal timeFinancial PressurePaying for college and elder care at the same timeLess time and money for personal savings or retirement planningCareer ImpactMay reduce work hours, take unpaid leave, or leave jobs entirelyDifficulty advancing professionally due to divided focus Coping StrategiesFinancial Planning: Budgeting, long-term care insurance, estate planningSupport Networks: Therapy, caregiver support groups, extended family helpWorkplace Flexibility: Remote work, family leave policies, flexible hoursCommunity Resources: Adult day care, respite services, elder care programs A Shift in PerspectiveWhile often described in terms of stress and burden, many in the sandwich generation also report:A sense of purposeStrengthened family bondsIncreased empathy and resilience Financial Planning ToolsBudgeting and Planning:Mint or YNAB (You Need a Budget): Track household expenses including elder care and child-related costs.SmartAsset: Offers tools to plan for long-term care and retirement needs.Long-Term Care Planning:Genworths Cost of Care Calculator: Understand what elder care may cost in your area.AARP Long-Term Care Calculator: Estimates needs and offers planning strategies. Emotional Support & Mental HealthCaregiver Support:Family Caregiver Alliance (caregiver.org): Offers local resources, education, and a support hotline.The National Alliance for Caregiving (caregiving.org): Advocacy, research, and community support.Therapy & Peer Support:BetterHelp or Talkspace: Online therapy platforms.Caregiver Action Network: Offers forums, peer support, and guidance for those caring for multiple generations. Elder Care ResourcesCare Services:Eldercare Locator (eldercare.acl.gov): A U.S. government service to find local elder support programs.Senior Housing Solutions: Helps locate senior living and in-home care services in SWFL.Meals on Wheels: Provides meal delivery and check-ins for seniors.Legal & Medical Documents:Five Wishes: Helps create legally valid advance directives and end-of-life plans.CaringInfo.org (by NHPCO): Free state-specific advance directive forms and planning guides. Child & Teen SupportEducation & Financial Help:FAFSA.ed.gov: Federal student aid applications.Savingforcollege.com: Help with 529 plans and education planning.Childcare Solutions:Care.com: Find babysitters, tutors, and child care services.Boys & Girls Clubs, YMCA, or local afterschool programs: Affordable and reliable youth programs.Read more on Wikipedia 

You should always be able to ask as many questions as youd like when working with your financial advisor. So, before you have your annual review, think carefully about what youd like to ask. Here are a few suggestions: Are my goals still realistic? When you first began working with your financial advisor, you may well have articulated several financial goals. For example, you might have said that you wanted to pay for most of your childrens college education, or that you'd like to retire at age 55, or that you hope to travel internationally every year during retirement. In fact, you could have many different goals for which youre saving and investing. When you meet with your financial advisor, youll certainly want to ask whether youre still on track toward meeting these goals. If you are, you can continue with the financial strategies youve been following; but if you arent, you may need to adjust them. The same is true if your goals have changed. You and your financial advisor will want to build a strategy to address any new or different goals such as emergency cash needs, having adequate insurance protection or estate planning. Am I taking on too much or too little risk? Put market declines in perspective. The financial markets always fluctuate, and these movements will affect the value of your investment portfolio. Suppose you watch the markets closely every day and track their impact on your investments. You may find yourself fretting over their value and wondering whether youre taking on too much investment risk for your comfort level. Conversely, if during an extended period of market gains your own portfolio appears to be lagging, you might feel that you should be investing more aggressively, which entails greater risk. In any case, its important to consult with your financial advisor to determine your risk tolerance and use it as a guideline for making investment choices. How will changes in my life affect my investment strategy? Your life is not static. Over the years, you may experience any number of major events, such as marriage, remarriage, loss of a spouse, birth of children or grandchildren, changing jobs or illness leading to early retirement.  When you meet with your financial advisor, you will want to discuss these types of changes, because they can affect your long-term goals and your investment decisions. How are external forces affecting my investment portfolio? Generally speaking, you will want to create an investment strategy based on your goals, risk tolerance and time horizon. And, as mentioned, you may need to adjust your strategy based on changes in your life. But should you also make changes based on outside forces, such as interest rate movements, political events, inflation, new tax legislation or news affecting industries in which you have invested substantially? Try not to make long-term investment decisions based on short-term news. Yet, talk with your financial advisor to make sure your investment portfolio and spending strategy are not out of alignment with relevant external factors. By making these and other inquiries, you can help yourself stay informed about your overall investment picture and what moves, if any, you should make to keep advancing toward your goals. A financial advisor is there to provide you with valuable guidance so take full advantage of it.        Chad Choate III, AAMS 828 3rd Avenue West Bradenton, FL 34205 941-462-2445 chad.chaote@edwardjones.com This article was written by Edward Jones for use by your local Edward Jones Financial Advisor.

Whether your aging parent is transitioning to assisted living, downsizing to a senior apartment, or moving in with family, planning ahead can ease the stress for everyone involved. Moving in later life comes with unique emotional and physical challenges, but you dont have to do it alone.As a senior living placement company in the Greater Pittsburgh area, weve helped many local families navigate this journey with confidence and compassion. Here are six practical tips to support you and your loved one every step of the way.1. Start Small and Share the LoadLets face it: a lifetime of memories can be hard to pack. Many older adults have spent decades in the same home, surrounded by treasured keepsakes and familiar routines. The thought of letting go can be overwhelming.Heres how to lighten the emotional load: Begin with low-sentiment spaces like guest rooms or bathrooms. That first win builds momentum. Sort together. Create keep, donate, and pass along piles. Encourage your loved one to gift meaningful items to children, grandchildren, or close friends. Make it meaningful. Donating to local Pittsburgh charities or giving heirlooms to family members can bring peace of mind. 2. Consider Senior Move Management ServicesHiring a professional can make a world of difference. While friends and family are often eager to help, a neutral third party especially one trained in working with older adults can ease tension and smooth the process.Look for services like: Senior move managers who specialize in downsizing and relocation for older adults. Companies affiliated with the National Association of Senior Move Managers (NASMM) for trustworthy help. Local resources in Pittsburgh that offer packing, organizing, estate sales, and post-move support. If youre juggling work, caregiving, and moving logistics, outsourcing some of these tasks can give you much-needed peace of mind.3. Make Travel Safe and ComfortableGetting from point A to point B isnt always easy for older adults. Whether youre moving your loved one across town or across state lines, transportation should fit their health and comfort needs.Travel tips for seniors: Add buffer time. Frequent breaks help with circulation and comfort. Plan around mobility needs. For flights, request wheelchair service and pre-boarding. For car trips, pack medications, snacks, and extra pillows. Look into senior transportation services. In Pittsburgh and beyond, some companies offer non-emergency medical transport, including services equipped with stretchers, wheelchairs, or even nursing staff. 4. Set Up Health Care Before the MoveA new ZIP code may mean a new doctor, pharmacy, and care team. Take care of these logistics early to ensure a smooth transition especially if your loved one has ongoing health needs.To-do list: Transfer prescriptions to a nearby pharmacy. Verify insurance coverage in the new area check which local specialists and clinics are in-network. Connect with a geriatric care manager. These experts often know the best local healthcare providers and in-home care agencies in Western PA. Having a plan in place ensures continuity of care from day one.5. Help the New Space Feel Like HomeEven if the new apartment or assisted living suite is smaller, it can still feel cozy, familiar, and full of life. Small touches make a big difference.Ideas to personalize the new home: Recreate familiar spaces by placing photos and dcor just as they were before (snap a few reference photos before packing). Unpack favorite blankets, books, or that special coffee mug first. Bring beloved furniture or artwork, and explore fun updates like a new recliner or colorful accent wall. Many senior living communities surrounding Pittsburgh encourage residents to decorate their rooms to reflect their style this helps ease the emotional transition.6. Emphasize the PositivesYour loved one may be leaving behind a house filled with memories, but theyre also stepping into a new chapter one filled with support, activities, and connection.Help them see the bright side: Less worry. No more home maintenance or mowing the lawn. More connection. Many assisted living communities offer events, exercise classes, and outings. Opportunities for joy. Explore local senior centers, volunteer programs, or art classes in their new neighborhood. Encourage them to explore and celebrate whats next.Ready to Take the Next Step?Moving a senior loved one can feel like a huge undertaking but you dont have to navigate it alone. As a trusted senior living advisor in Pittsburgh, weve helped thousands of families find the right care options, whether it's assisted living, independent living, memory care, or downsizing solutions. Let us guide you through the process from personalized placement help to local resource referrals. Contact us today at Serving Our Seniors to speak with a compassionate senior care advisor who truly understands the Pittsburgh area.