Cheryl Sherrard quoted in MSN Money: “A ‘sandwich generation’ twist: retirees helping adult kids”

January 21, 2014: Cheryl Sherrard, CFP® and Director of Financial Planning for Clearview Wealth Management quoted in MSN’s Money section in an article titled, “A ‘sandwich generation’ twist: retirees helping adult kids.” An excerpt from the article is below, and you can read the full article at by clicking here.  If one’s nest egg is being tapped at high levels in the early years of retirement in order to help launch adult kids, that could have an outsized effect on a retiree’s financial future. “I believe parents need to understand the difference between assisting and enabling their children, as well as the potential damage they are doing to their own futures by using too many of their own assets on supporting adult children,” says Cheryl Sherrard, a financial planner with Clearview Wealth Management in Charlotte, North Carolina. After all, if parents eventually run out of savings as a result of their generosity, the financial responsibilities for their care will likely fall right back on the kids. Says Sherrard: “I tell my clients the greatest gift they can give their Read on! →

Life Transitions and the Sandwich Generation

One thing we all realize as we journey through life is that change is constant.  The changes can be positive or negative, and can include things like a job change, a child leaving for college, the birth of a child, starting school, graduating from school, difficulties at work, buying a house, empty nest, marriage, divorce, or death.  When only one transition hits at a time, we are typically able to concentrate and continue to function at very high levels.  However, there are times when the combination of stressors can be so overwhelming they have a serious impact on our brains’ ability to objectively cope with our lives. Consider the stressors of the Sandwich Generation.  This generation primarily encompasses those individuals aged 40-65 who find themselves caring for both their children and their aging parents.  They are essentially sandwiched between the generations; raising their children, saving for education, pursuing careers, saving for retirement and in many cases coordinating and providing for the daily care of their parents.  Because lifespans have increased, more adults have parents living well into their 80’s who Read on! →