RSS FeedWhen it’s time to retire, will you have enough in savings? If you have made and are making wise personal investment decisions, the answer is likely yes. But, if you were automatically enrolled into your employer’s retirement plan and are letting that employer make your investment decisions for you, the answer could be no.
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The terms “filial responsibility” and “filial support” refer to an adult child’s obligation to render care to aging parents. Before Medicare and Social Security, children were obliged to meet their filial responsibilities by filial support laws. These laws gave children the primary responsibility in caring for elderly parents – neglecting to do so could yield financial consequences.
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