Many grandparents help fund needs (and wants) of their adult children and grands. This is dangerous territory, given the shortfall in retirement savings for many grandparents. Emily and Mike hear the bottom line from a financial educator, Cyrus Bamji, with the Alliance for Lifetime Income, which educates savers on a range of approaches to funding in retirement.
Other episodes on this topic include "Overbuying" and "Grandmothers at Work."