As a single Vietnamese American woman, I'm expected to help aging relatives. My 4-part savings strategy makes it possible. Presented by Fidelity.
A few years ago, when I was at lunch with my older brother and mom, I asked my mom why she decided to have kids. She responded half-jokingly, saying she wanted to have someone to love her unconditionally and take care of her in her old age.
And as receiving an inheritance isn't a given — and is an alien concept in some ways — I've reached the understanding that working toward my own financial goals and helping family members who might need a financial boost down the line are a bit of a balancing act. Here's how I aim to do both:My mom has never put pressure on me or my brother to help her financially. But there have been times when she could use some assistance. My mom is a nurse who works in convalescent care.