Trends with Benefits #94: Caregiving Planning for the Sandwich Generation with Sarah Ricca

28 February 2023

Listen Time 27:21 MIN


On this episode, I am joined by Sarah Ricca, Senior VP, Financial Advisor at Morgan Stanley. We talk about the financial challenges and demands facing the “sandwich generation,” a term used to describe those managing raising kids, planning for retirement, and caring for elderly parents. This discussion is a little biased toward caring for elderly parents, while also making sure one’s own goals and family needs are being met. We introduce key things to consider and tips you can apply to your own situation. Additionally, we outline how offering caregiving planning services can help financial advisors develop a competitive advantage in their practice.

Show Notes:

03:22 “61% of Caregivers are Women”

04:44 Where to Start Planning for Caregiving

07:50 Key Documents to Prepare

08:59 Raising Difficult Conversations

19:26 How a Financial Advisor Can Help

22:38 Long-Term Trend

23:39 Investment Opportunities in Caregiving

24:36 Trend or Fad

Trend or Fad

Listen for Sarah’s take on alternative investment platforms, layoffs, inflation protection, renewables, and cruise ship retirements.

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