LAUNCH: Parenting Tips for Raising Adult Children & Building Better Relationships · Shari Jonas - Parenting Consultant, Educator and Author

#42: Will I Have Enough Money to Retire If My Adult Kids Are Still Living at Home? Financial Advice for Parents

·39 min·2 clips

38% of Americans are saving nothing for retirement, and 50% think they will not have enough.

1. LAUNCH: Parenting Tips for Raising Adult Children & Building Better Relationships focuses on whether parents with adult children living at home can still retire securely. 2. Shari Jones hosts Eric Mangold, founder of Argosy Wealth Management, and he says his financial-planning work was shaped by watching his father battle illness. 3. The episode asks whether parents are on track for retirement and how they can help adult children build money habits without sacrificing their own future. 4. Eric says many Americans are not prepared for retirement, and he points to a shift away from pensions toward self-funded nest eggs. 5. He says the old model relied on a company pension, Social Security, and a small nest egg, but now the nest egg is the largest responsibility. 6. Eric cites specific figures: 38% of Americans are saving nothing, 50% think they will not have enough, and a quarter have no savings. 7. He warns that retirement has no do-overs, using the line that you cannot rewind the clock and say you wish you had saved 10 years earlier. 8. He gives a benchmark system for savers: at 35, a $100,000 earner should have $100,000 saved, and at 45 or 55 the target rises. 9. He says retirees typically need about 80 cents on the dollar of pre-retirement income to maintain the same lifestyle. 10. He argues that the key question is not how big the nest egg is, but how much income it can generate at retirement. 11. Eric says a retirement projection can create a deep-breath moment because it shows whether someone is on track, close, or behind. 12. He says people may live off retirement income for 35 to 40 years if they retire at 65. 13. He uses the phrase "play check" to describe retirement income that funds life after work. 14. He warns against emotional investing, saying a market drop followed by panic selling can lock in losses and miss the rebound. 15. He points to COVID and the financial crisis as examples of repeated market swings that made dramatic moves feel routine. 16. He says people in their 50s should rely on a conservative retirement projection and revisit it when life changes. 17. The tone is practical and direct, with repeated catchphrases, statistics, and examples from client conversations. 18. The format is an advice-driven interview, with Shari Jones asking short questions and Eric answering with frameworks and examples. 19. Parents in their 40s to 60s wanting concrete retirement steps. 20. Listeners expecting vague motivation rather than detailed financial rules.

As heard by us

A grounded discussion of parents, adult children, and the risk of letting market fear drive retirement decisions.

Retirement anxiety stays tied to family duty here, with parents trying to support adult children who are still working toward independence, responsibility, and a clearer sense of purpose.

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Why you'd press play

You want to support an adult child at home without letting market fear take over your investment decisions.

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