Reno Gazette-Journal: It’s so tempting to want to give the grandchildren everything and put their wants and needs first.
However, one of the common money mistakes grandparents make is to put spending on grandkids ahead of their own retirement security.
1. Excessively spoiling grandchildren
Financial advisers and estate planners have all kinds of stories about retirees who insist on spending significant amounts of their savings on grandchildren. Too often they fail to recognize the severity of the risk it poses for their own retirement security.