How to Help Your Aging Parents with Financial Decisions

Most adult children eventually face the problem of having to help aging parents with financial decisions. What is the easiest way to have that discussion when the time comes? Carolyn Rosenblatt and Dr. Mikol Davis of Aging Parents offer non-threatening ways to begin the conversation and how to respond if a parent doesn’t want to talk about the subject. Approaching an aging parent about their intellectual (and fiscal) demise is a delicate matter. Related, is the subject of elder financial abuse. Sadly, there are people who will take advantage of a deteriorating mental and physical state. Listen to learn some common preventive measures you can take to protect the elderly. They cover conversations a family should have and conversations that should be revisited later on down the road. If you need a little advice on how to speak to your aging parents about their finances, tune in now. 8 mistakes that high earners need to avoid Doug received a listener letter from Matthew who asks for advice on how to control his expenses. Doug answers his question with a list called, The Worst Mistakes of High Earners and How to Avoid Them. Download the list here. Free Download: The Worst Mistakes of High Earners and How to Avoid Them To follow Carolyn Rosenblatt and Dr. Mikol Davis, go to Aging Parents, or look on Facebook and Twitter. To learn more about Roger Whitney and his 5-minute retirement plan, go to rogerwhitney.com/5minuteretirementmakeover/. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.