Americans are doing a pitifully poor job of saving for retirement. A recent GOBankingRates survey found that about one-third of people have nothing tucked away for their golden years. That should make them worried — and it should also give their children pause.
If Mom and Dad can’t afford the basics, chances are good the kids will be asked to help shoulder the burden. Nobody wants that — not the overburdened kids, and not their parents. So, if retirement is on the horizon for you, it’s time to shift tactics.