7 Ways to Finance Your Parents’ Elder Care as They Get Older

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As soon as you get involved with tending to your parent, call your best friend, and tell them that you’re going to be depending upon them to do what friends do best: care, and listen. Have fun . One of the things we most need in life is the one thing we most readily jettison once we begin caring for an elderly parent: fun.

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Learn more about how to recognize when you’re in denial about your parents’ health so that you can face the facts and find your parent or senior loved one the care they need. Denial can have a.

If your parents are unsteady on their feet, they might be at risk of falling – a major cause of disability among older adults. Taking action There are many steps you can take to ensure your parents’ health and well-being, even if you don’t live nearby.

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7. Explore available aging care options. Even after breaking down the steps, caring for your parent can be an overwhelming responsibility. fortunately, there are many aging care options and helpful resources you can rely on. Geriatric care managers – they can act as consultants to guide you or they can manage all aspects of caring for your parent. Their experience could save you time, money, and headaches down the road.

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But the earlier you begin introducing financial concepts in a tangible, age-appropriate way, the better. Here’s how. 1. Hands-on experience is required. “Parents are the. idea of saving later on,

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Are your parents still mobile? Can they get up and down the stairs, in and out of bed, and shower without falling? Are they able to drive safely? The stress of taking care of elderly parents can be immense. If you decide that home care for your elderly parents is the best way to go, use the following five tips to make the transition easier.

As you approach 40 and your parents approach 70, it can be the most opportune time to discuss financial issues, as well as long-term care, estate planning and other relevant topics. It’s better to address the situation proactively than to wait for a crisis to unfold, which could force your family into making decisions on the fly.

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