Reported 6 months ago
Choosing not to have children can significantly impact one's financial future, with child-free adults facing concerns such as the cost of long-term care, appointing responsible decision-makers in case of incapacity or death, and the burden of making choices with ample flexibility and resources. Financial planners advise child-free individuals to plan and build a supportive community of friends to navigate these challenges, emphasizing the importance of setting boundaries and planning for eldercare expenses to maintain financial independence and address potential familial pressures. As more financially secure individuals opt out of parenthood, planning for midlife uncertainties becomes essential.
Source: YAHOO