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Retirement Fund vs. College Fund
Do Grandparents Raising Grandkids Have to Forfeit Retirement?
Resource savvy grandparents will look to see if they qualify for the Temporary Assistance to Needy Families program. Also known as TANF, this is a state-run program that offers financial help to families with a low income. Know going in that rules affecting grandparents and their grandchildren vary from state to state so you'll have to contact the department of social or human services in your county or state to find out more.
Be sure to look for financial support and legal services assistance in your area. State and Area Agencies on Aging across the country have instituted programs and services to assist grandparent caregivers and help them identify and access available services. You can reach them at (800) 677-1116 or at www.aoa.gov. The AARP Web site also offers tips and information for grandparent caregivers.
