Sam Tabar is a legal and financial professional who has specialized in both law and finance. He is the current chief operating officer at the Full Cycle Energy Fund, a position he has held since December 2015.
He has helped the company achieve its missions of ending the use of costly energy which is harmful to the environment and embracing cost-effective energy solutions that are friendly to the environment. He mainly supervises the fund management policy of the firm.
According to Angel.co, Sam Tabar has also had an expansive career in financial industry and worked for the Bank of America’s Merill Lynch where he managed the bank’s capital strategy.
He facilitated meetings between the fund managers and institutional investors, including funds for funds, endowments, pensions, and institutions.
As an attorney, Mr. Sam Tabar has worked with various law firms like the Schulte, Roth &Zabel, the Skadden, and the Slate&Flom. He graduated from the Oxford University with a bachelor’s degree in art and acquired his master’s degree in Law from the Columbia Law School.
The Huffington Post
Sam recently wrote an article on the Huffington Post website titled “When Should a Parent Stop Supporting Their Adult Children?” He starts by recognizing how natural it is for parents to want the best for their kids. However, there should be a clear line on when to stop paying their bills, rents, expenses, etc.
According to the Fidelity survey on Millennial, 47% of youths aged between 18 and 35 years admitted that their parents still pay a portion of their expenses. The expenses included cell phone bills at 21%, clothing at 16%, groceries at 20%, rent or mortgage at 12%, and utilities and entertainment at 14%.
The Federal Reserve has also indicated that 50% of all Americans save below $400, while the millennial surveyed saved an average of $9,100, far more than the national average. This means that as much as the millennial are doing well in savings and even investing for their future, the parents supporting their adult children are sacrificing their financial wellness for the good of their adult kids.
Sam Tabar suggests that parents should have an honest look at their financial standing with regard to their retirement preparedness. Some parents may have stable future investments and adequate savings and are only spending their extra income to help the children.
But from the statistical surveys, it is clear that over half of the adult population have less than $400 in savings. It is very likely that most parents are hurting their finances to foot children’s expenses. Learn more about Sam Tabar: https://www.artstation.com/artist/custombuilding4
Parents who choose to have a better financial future should have honest discussions with their adult children and let then take responsibility for their own lives.
If for example, they can save up to $9,100, then they are able to manage their own bills. They may struggle initially to adjust, but they will soon stabilize for the good of both parties.