3 Tips For Raising Financially Fit Parents
This is a guest post by Kathleen Burns Kingsbury, Author, Breaking Money Silence
When I was in my twenties, I joked with my mom and dad that raising parents was hard work. I really didn’t know how challenging it would be until years later when they started aging and my mother was diagnosed with Alzheimer’s disease.
As a family, we had already proactively talked about money. So, while my mom’s illness was stressful, the financial aspect of our journey had been taken care of. Many families are not so lucky as evidenced by seven in ten adults finding it difficult to talk to their families about who will make financial decisions for an aging parent or relative.
Given the increase in longevity due to medical advances, caring for an aging parent is likely to be in your clients’ futures (if not your own). Here are three tips to proactively discussing financial matters with an aging parent that you can share with your clients.... Click Here to read full article:
Learn more at www.BreakingMoneySilence.com.
The opinions voiced in this article are for general information only and are not intended to provide specific advice or recommendations for any individual.
Michael F. Kay and Kathleen Burns Kingsbury are not affiliated with US Wealth Management, LLC and LPL Financial.