5 questions with Fidelity: The financial impact of caregiving

Key Takeaways

  • Leaving the workforce to become a caregiver can have a massive financial impact.
  • If you think you might need to become a full-time caregiver one day, then it may make sense to fully participate now in employee benefits such as HSAs and 401K plans with matching contributions.
  • Hold a family conversation to discuss the situation and what "giving care" will look like.
  • Create a "caregiving road map" to chart out roles, responsibilities, and expenses.
  • Make a financial plan to give yourself a sense of control and order.

Start a conversation

Already working 1-on-1 with us?
Schedule an appointmentLog In Required

More to explore

Investing involves risk, including risk of loss.

This information is intended to be educational and is not tailored to the investment needs of any specific investor.

Views expressed are as of the date indicated, based on the information available at that time, and may change based on market or other conditions. Unless otherwise noted, the opinions provided are those of the speaker or author and not necessarily those of Fidelity Investments or its affiliates. Fidelity does not assume any duty to update any of the information.

Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917