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Bill Benson and his wife had planned to fortify their retirement savings once their children left home, so they’d have enough to travel and relax. But at 68, Benson is still working full-time, and that empty nest he envisioned isn’t so empty. Benson’s eldest daughter moved home with her two young sons after a divorce, and the two children he and his wife adopted later in life are just now finishing high school and starting college.
Along the way, Benson exhausted a federal pension to pay for one son’s special needs, and he expects to keep supporting that son, as well as his grandsons, now ages 3 and 5, through retirement—whenever that may come. “It’s nose to the grindstone,” says Benson, who consults full-time on aging policy. “We had to make choices to spend on our kids—because you have to do that. I guess it’s a crazy modern family, but we also know we are fortunate, with decent jobs and good incomes.”
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Illustration by Patrick Ledger
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