I'm in the sandwich generation, supporting kids and aging parents — how do I manage it?

When you're funding both children and parents, protect your own retirement first — it's the one goal no one can lend you money for. Set explicit limits on what you give so support doesn't quietly derail your savings. Have direct conversations with parents about their finances, insurance, and wishes before a crisis forces decisions, and locate their key documents and powers of attorney. Look into whether they qualify for benefits or have long-term-care coverage, and explore tax breaks like claiming a parent as a dependent or deducting medical costs. With kids, remember they can borrow for college; you cannot borrow for retirement, so weight accordingly. Build a larger emergency fund, since you now absorb two generations' surprises. For structure, see wealthserene.com/for/aging-parents.