Quote Of The Week: The High Cost Of Caregiving

parent care

Taking time off work to care for a loved one? Make sure you understand how it may impact you financially.

“Taking time out from work to care for a loved one can have a serious impact on your finances and your career if you’re not careful.

In fact, Met Life found that for someone over 50 who leaves work temporarily to care for a loved one, the average lifetime setback is $303,880, including lost wages and retirement benefits.”

, 3 Smart Ways to Protect Your Money When Taking Time Off Work, Money Magazine, October 2, 2014

About Mari Adam

Mari Adam, Certified Financial Planner™ and President of Adam Financial Associates Inc, has been helping individuals and families chart their financial futures for over twenty-five years. Have a question about your financial situation? Ask Mari!

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