AT&T Employees Confront the Hidden Cost of Family Support on Retirement Security

Healthcare Provider Update: Healthcare Provider for AT&T: AT&T collaborates with multiple healthcare providers to ensure its employees receive quality health coverage. One primary partner is UnitedHealthcare, which offers health plans tailored for AT&T employees. Potential Healthcare Cost Increases in 2026: As the landscape of healthcare evolves, AT&T employees may face significant challenges with rising healthcare costs in 2026. Experts anticipate a steep surge in premiums for Affordable Care Act (ACA) marketplace plans, with some states projecting increases exceeding 60%. This rise is largely attributed to the potential expiration of enhanced federal premium subsidies and soaring medical expenses. Without action from Congress to extend these subsidies, over 22 million enrollees may see their out-of-pocket costs increase by more than 75%, making it imperative for workers to prepare financially for the coming changes. Click here to learn more

'AT&T employees should recognize that sustained family support can quietly drain their long-term retirement income, making it important to set clear financial boundaries and prioritize retirement contributions as part of their savings plans.' — Wesley Boudreaux, a representative of The Retirement Group, a division of Wealth Enhancement.

'AT&T employees often underestimate how ongoing family assistance can impact their retirement outlook, which is why they should develop a disciplined plan that balances generosity with the need to maintain long-term financial resilience.' — Patrick Ray, a representative of The Retirement Group, a division of Wealth Enhancement.

In this article, we will discuss:

1. How family financial support can quietly erode retirement savings.

2. The emotional and generational pressures that may shape financial decisions.

3. Practical strategies to balance generosity with long-term stability.

Retirement planning for AT&T employees can be subtly undermined by family obligations, calling for a deeper level of awareness and preparation.

By continuing to support family members—often at the expense of their own future plans—individuals may put long-term retirement strength at risk. The drive to help loved ones, whether aging parents, adult children, or grandchildren, is rarely built into retirement projections. Yet, this growing trend represents a frequently underestimated threat to a lasting retirement income for AT&T workers and others.

The Unnoticed Depletion of Retirement Funds

According to the 2025 Protected Retirement Income and Planning (PRIP) Study by the Alliance for Lifetime Income, 17% of Americans support adult children over age 26, 10% assist grandchildren, 7% help parents or in-laws, and 9% aid other relatives. ¹  More than half admit these transfers negatively affect their retirement funds. ¹

This pattern reflects a national tendency to place emotional or moral duty above personal portfolio preservation. Only 15% of respondents said they would cut back on family support to prolong their retirement funds, while 54% would return to work and 58% would accept a more modest lifestyle. ¹  Brent Wolf, CFP®, reports having seen retirees delay medical care or home repairs to help their families—acts of generosity that can become financially unsustainable, even among AT&T employees accustomed to disciplined planning.

The Blind Spot in Generational Perspectives

Generation X, often called the “sandwich generation”, faces unique pressures, balancing aging parents’ demands alongside supporting adult children. Without defined benefit pensions, many depend solely on personal savings, making diverted funds especially damaging. AT&T employees under similar pressures may benefit from guidance that realistically incorporates these family demands into retirement roadmaps.

Setting Up Long-Term Limits

Supporting family isn’t automatically harmful—but it must come with boundaries. Differentiating between essential needs (e.g., medical emergencies) and nonessentials (e.g., discretionary travel) can help retirees allocate resources more wisely. Establishing a “family assistance budget” lets one give consistently without stretching one’s retirement plan too thin. For AT&T workers familiar with structured planning, folding this into their broader retirement approach can help maintain both generosity and durability.

Put Retirement Planning Before Generosity

“Pay yourself first” remains a guiding principle. As a general rule of thumb, regular contributions to retirement vehicles—401(k)s, IRAs, Roth accounts—should take priority over discretionary family financial help. Advisors may also suggest tax-efficient giving vehicles—such as 529 plans or direct payments of medical expenses—to help ease the burden on your long-term capital. With less access to defined benefit plans today than in the past, AT&T workers could benefit from structured income streams (such as annuities, systematic withdrawals, and Social Security sequencing) to prevent family support from draining essential retirement income.

Emotional Finance Requires Clarity and Empathy

Retirement planning isn’t purely quantitative—it involves emotion. Advisors who consider the human dimensions of money decisions can help you develop more robust approaches. As Brent Wolf notes, the aim isn’t to discourage you from helping family but to map out ways for it to happen without jeopardizing your own future. Open dialogue, periodic family support reviews, and scenario “stress-tests” can help AT&T retirees maintain peace of mind while preserving sustainable income.

Providing for family in retirement is like trying to water multiple gardens with one hose—the more you distribute, the less each patch receives. Without careful parameters, retirement funds may run dry before personal needs are met. AT&T retirees, like everyone else, must reconcile generosity with prudence so that their financial gardens continue to flourish over time.

Featured Video

Articles you may find interesting:

Sources:

1. Alliance for Lifetime Income by LIMRA. ' 2025 Protected Retirement Income and Planning (PRIP) Study .' 24 Sept. 2025. 

Other Resources:

1. Smith, Matthew, and Christin Kuretich.  Informal Caregiving: Measuring the Cost and Reducing the Burden . Society of Actuaries Research Institute, Apr. 2023. pp. 4-7, 27-31.

2. Board of Governors of the Federal Reserve.  Economic Well-Being of U.S. Households in 2024: Results from the Survey of Household Economics and Decisionmaking (SHED) . U.S. Federal Reserve, 28 May 2025. pp. 4-5, 8-11.