Caring for children leave parents little time to manage their personal finances and for retirement planning. Parents who are too busy should seek professional help for the basic retirement knowledge and retirement tips. Read below to get more insight on Tiger parent's retirement planning.
Our study also found that 76% of interviewed parents agreed that caring for children left them little time to manage their personal finances. 90% said that they spent more on their children's studies and interests than on their own retirement savings. For some, even taking out loans would be preferable to cutting down on their children's extracurricular expenses.Talk about dedicated parents!