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Omnicom Group Guide to Helping Adult Children Without Sacrificing Retirement

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Healthcare Provider Update: Healthcare Provider for Omnicom Group Omnicom Group typically partners with a variety of healthcare insurance providers to cover the medical needs of its employees. Notably, companies like UnitedHealthcare and Cigna frequently feature among their offerings, but specific health plan details may vary based on employment terms, location, and specific employee needs. Healthcare Cost Increases for 2026 As we move towards 2026, significant healthcare cost increases are anticipated for employees at Omnicom Group, mirroring national trends. With the expiration of enhanced federal subsidies, many enrollees in the Affordable Care Act marketplace may see their premiums soar by over 75%. Specific states are bracing for steep rate hikes, some exceeding 60%, driven by escalating medical costs and aggressive rate adjustments from major insurers. This perfect storm of rising expenses adds financial pressure on families, especially those considering early retirement or facing high out-of-pocket healthcare costs. Click here to learn more

“Omnicom Group employees can help safeguard their retirement future by setting clear, structured support plans for adult children, reinforcing both financial resilience and family harmony” – Tyson Mavar, a representative of The Retirement Group, a division of Wealth Enhancement.

“Omnicom Group employees who establish structured boundaries and formal repayment agreements can protect their retirement nest egg while fostering financial accountability in their adult children” – Wesley Boudreaux, a representative of The Retirement Group, a division of Wealth Enhancement.

In this article we will discuss:

  1. The financial and emotional risks of unstructured support for adult children.

  2. Strategies and tools for establishing structured, sustainable assistance.

  3. Intergenerational planning techniques to stay on track towards your retirement goals.

Omnicom Group Employees’ Financial Reality Check

Many Omnicom Group parents start helping their grown children with good intentions—co-signing a loan or covering groceries or rent while they search for work. However, what often begins as a temporary fix can quietly turn into a continuous financial burden that threatens the very future a lifetime of labor was intended to support. According to a Bankrate study, 1  49% of adults aged 23 or older receive ongoing financial assistance from their parents. Sixty-one percent of parents with children over 18 currently provide regular financial aid to those children. Even motivated by love, cash alone won’t fund a solid retirement.

The Stakes of Unstructured Support

A similar survey by Intuit Credit Karma shows 60% of parents who support adult children say it causes them emotional stress, and 76% report it strains their own income. 2  More than half (52%) have cut back on their own living expenses to cover these costs, 39% struggle to pay for essentials like groceries and utilities, and 27% have delayed retirement. 2  To keep funds flowing, some parents deplete emergency savings, take on extra debt, or postpone downsizing. Many think they can “catch up later,” yet that window often closes as earning power fades.

Loans Compared to Lost Retirement

Although it can be difficult to choose between your own and your children's financial well-being, it's important to understand the potential long-term costs of supporting adult children. Retirement assets frequently cannot be replenished once withdrawn. Using those funds for a mortgage or tuition may feel generous—but if the market dips or the child doesn’t use it, those dollars may vanish forever. A 60-year-old’s earning horizon shrinks rapidly, while a 30-year-old child who funds their needs by borrowing has decades to recover. Consider structuring support as a repayable family loan rather than tapping retirement savings: the child pays back, and long-term goals stay intact.

Setting Boundaries as Planning Tools

Omnicom Group employees who are parents should set clear financial limits with adult children as a sound management strategy, not a sign of selfishness. Boundaries establish a timeframe for help, clarify what’s affordable long term, and shield both sides from uncertainty and resentment. For example, assistance might cover one medical expense, subsidize rent for a year, or contribute a fixed percentage toward a car purchase—provided the child also contributes. Framing these parameters with empathy turns tough conversations into collaborative planning sessions.

Dependency Cycles and Emotional Consequences

Within Omnicom Group households, open-ended support has emotional downsides as well as numerical ones. Parents often feel guilty declining extra help, then resentful when personal goals stall. Likewise, unfettered aid can delay a child’s progress toward independence. An effective alternative is financial coaching, teaching long-term planning, debt management, and budgeting. Financial literacy often proves a more lasting gift than any sum of cash.

Financial Planning Across Generations

Omnicom Group employees may benefit from intergenerational planning, where parents and adult children work with an advisor to align resources, goals, and timelines. These sessions can model how ongoing aid affects the retirement timetable and explore options—loans with repayment terms, institutional or community scholarships, or shared budgeting tools. Importantly, the process addresses well-being, recognizing that money stress affects family dynamics beyond spreadsheets.

Instruments for Organized Assistance

Omnicom Group employees can use a few practical tools to guide structured help:

  • Repayable Family Loan Agreements : Define terms, interest (if any), and a repayment schedule so retirement assets remain intact.

  • Escrow or Trust Accounts : Reserve funds for specific uses—schooling or medical bills—and release on predetermined milestones.

  • Matched-Saving Arrangements : Encourage shared responsibility by having parents match a child’s contributions once certain goals are met.

These measures stop open-ended commitments from undermining retirement readiness by making aid time-bound, measurable, and purposeful.

Assessing Long-Term Effects

Before approving any financial transfer, Wealth Enhancement advisor Tyson Mavar counsel you to ask, “If I give this money now, what will it cost my future self later?” Quantifying potential drops in retirement income or the likelihood of working longer brings clarity. A financial advisor can work with you to create optimistic and pessimistic scenarios to show how even modest withdrawals can compound into significant deficits over a 20-year retirement.

Juggling Prudence and Compassion

Despite the potential challenges, it’s possible—and commendable—to balance caution with compassion. Help doesn’t have to be all or nothing; it can be tailored to protect parents’ retirement while giving children a path to self-reliance. Structured support can help preserve hard-earned retirement assets while reinforcing sound financial habits in adult offspring.

Conclusion: Structured Support

Omnicom Group employees who have adult children can take steps to make sure their generosity is channeled through a thoughtful plan to help safeguard their retirement. By setting limits, using formal agreements, offering financial coaching, and engaging in intergenerational planning, parents extend empathy and accountability. Empowering family members to reach their own financial peace—without compromising one’s own—may be the greatest gift of all.

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Sources:

1. Bankrate. ' Survey: 61% of parents with adult children have sacrificed to help their kids financially ,' by Lane Gillespie, 30 May 2024. 

2. Intuit Credit Karma. ' Nearly one-third of American adults rely on their parents for financial support ,' 2 Jan. 2024. 

3. AARP Research. “ Adults 50-Plus Are Parenting Later and Longer .” AARP, 18 June 2024.

What is the 401(k) plan offered by Omnicom Group?

The 401(k) plan at Omnicom Group is a retirement savings plan that allows employees to save a portion of their salary on a pre-tax basis, helping them build a nest egg for retirement.

How can I enroll in the Omnicom Group 401(k) plan?

Employees can enroll in the Omnicom Group 401(k) plan by accessing the benefits portal or contacting the HR department for guidance on the enrollment process.

Does Omnicom Group offer matching contributions to the 401(k) plan?

Yes, Omnicom Group offers a matching contribution to the 401(k) plan, which helps employees maximize their retirement savings.

What is the vesting schedule for Omnicom Group's 401(k) matching contributions?

The vesting schedule for Omnicom Group's matching contributions typically follows a standard schedule, which may vary based on tenure. Employees should refer to the plan documents for specific details.

Can I change my contribution rate to the Omnicom Group 401(k) plan?

Yes, employees at Omnicom Group can change their contribution rate to the 401(k) plan at any time, subject to the plan's guidelines.

What investment options are available in the Omnicom Group 401(k) plan?

The Omnicom Group 401(k) plan offers a range of investment options, including mutual funds, target-date funds, and other investment vehicles to suit different risk tolerances.

Is there a loan provision in the Omnicom Group 401(k) plan?

Yes, the Omnicom Group 401(k) plan may allow employees to take loans against their vested balance, subject to specific terms and conditions outlined in the plan documents.

How can I access my 401(k) account information for Omnicom Group?

Employees can access their 401(k) account information through the online benefits portal or by contacting the plan administrator for assistance.

What happens to my Omnicom Group 401(k) plan if I leave the company?

If you leave Omnicom Group, you have several options for your 401(k) plan, including rolling it over to another qualified plan, cashing it out, or leaving it in the Omnicom Group plan if permitted.

Are there any fees associated with the Omnicom Group 401(k) plan?

Yes, like most 401(k) plans, the Omnicom Group 401(k) plan may have administrative fees and investment-related fees. Employees should review the plan documents for detailed information.

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