at Maryville University and senior consultant and president at St. Louis Financial Therapy.
"In other cases, this is an excellent time to set financial goals and seek opportunities for investment that exist specifically in a market like this," Rasure says. "In both situations, however, there is a keen awareness of how much money you have, how much money you need, and what you can or cannot do with the money you have."
Wonji's parents emigrated from Ethiopia in the 1980s and worked multiple jobs to provide for their family, she says. To that end, they didn't have the tools or resources to save for retirement. She and her brother have opened a"Today our parents are older and as with most immigrant families many responsibilities have transitioned over to the children in sort of an unspoken way," Wonji says.
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