Caregivers using their own funds can be a slippery slope, says Ellen Siegel, a financial adviser at Legacy Wealth Management, in an article published by MarketWatch.
If caregivers have the extra cash to incorporate caregiving expenses into their own budgets, that’s up to them, but taking money out of their own long-term planning can be detrimental, Siegel advises, especially if they won’t see any of that return in an inheritance.
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