Two thirds of 50+ parents have financially supported a child 21 or older over the past five years, according to a new report -- jeopardizing their retirement savings.

It’s no secret that lots of parents are actually helicopter parents—they hover, they “help,” they’re always Johnny-on-the-spot with leads on homes, jobs and even potential mates.

But one area in which they can inflict lots of damage not just on their kids’ sense of independence but also in their own lives is when they whip out the checkbook.

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