Mind the Gap, Then Fund the Gap
After the Great Financial Crisis, incomes for most people I know have not recovered to pre-2008 levels. Companies are quick to do mini-rounds of reductions. As of April, US job cuts in 2016 were at a 7 year high. Everyone is looking over their shoulder wondering if they are next to be let go. If you’re forced to change jobs, new salary levels will be lower than what you had at the last place. This is going in the wrong direction.
Some families are products of second, and sometimes third marriages, and with aging parents in the mix, it can…