My latest for Alpha Baskets looks a type of one off event can that wreak havoc on a financial plan; a grown child who gets hurt or into trouble. As we’ve been talking about for years, there are all kinds of one-off events that occur regularly but that can’t easily be planned including the above but also less dramatic things like a new roof, tires for a vehicle, large vet bill and so on.
From the post;
So generically speaking parents who are 60 or 70 with a decent nest egg who as a function of an accident or their children’s bad behavior may have to decide whether to come to the financial aid of their child either out of some sort of legal obligation somehow or out of some sort of moral obligation.
Please click through to read the rest.
The picture is from a little town in Eastern Wyoming right before the Sturgis Rally in 2012. This might be Sundance, WY but I am not certain.