Can We Talk? a Financial Guide for Baby Boomers Assisting Their Elderly Parents PDF Download
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Author: Bob Mauterstock
Publisher:
ISBN: 9780977140398
Category : Family & Relationships
Languages : en
Pages : 144
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Book Description
Talking to your aging parents about all the financial issues that affect them is often very risky and difficult to do. Can We Talk? by Bob Mauterstock gives adult children a practical and empathetic approach for working with their parents to discuss and plan for all the financial decisions they will face. The book lays out the steps to prepare and hold a family meeting to open up the lines of communication. It addresses such critical areas as proper investment strategy, legal issues that can impact the family, creating a plan to deal with the devastating costs of long-term care, and passing on a legacy to the next generation. Bob calls on his 30 years of experience as a financial advisor to share real-life situations he and his clients have faced and how they developed practical solutions to solve them. Can We Talk? will give you the tools you need to put your aging parents at ease and give you the peace of mind to know that they are taken care of.
Author: Bob Mauterstock
Publisher:
ISBN: 9780977140398
Category : Family & Relationships
Languages : en
Pages : 144
Get Book
Book Description
Talking to your aging parents about all the financial issues that affect them is often very risky and difficult to do. Can We Talk? by Bob Mauterstock gives adult children a practical and empathetic approach for working with their parents to discuss and plan for all the financial decisions they will face. The book lays out the steps to prepare and hold a family meeting to open up the lines of communication. It addresses such critical areas as proper investment strategy, legal issues that can impact the family, creating a plan to deal with the devastating costs of long-term care, and passing on a legacy to the next generation. Bob calls on his 30 years of experience as a financial advisor to share real-life situations he and his clients have faced and how they developed practical solutions to solve them. Can We Talk? will give you the tools you need to put your aging parents at ease and give you the peace of mind to know that they are taken care of.
Author: Bob Mauterstock
Publisher: Createspace Independent Publishing Platform
ISBN: 9781979846813
Category :
Languages : en
Pages : 188
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Book Description
The Support You Need as You and Your Parents Face the Challenges of Aging If you are facing the challenge of having to make decisions on issues like long-term care and end-of-life concerns for your elderly parents, you are not alone. Caring For Your Elderly Parents offers insightful advice and support to the ever-growing population of Americans, now at 65 million people, or 29% of the U.S. population, who provide care for a chronically ill, disabled, or aged family member or friend. As our population ages, the care needs of our elderly parents continue to change and evolve. Today's families face new decisions and challenges. Author Bob Mauterstock gives you the information and support you need as you and your parents face the challenges of aging, no matter in what stage of the process you find yourselves. This resource covers how we can help our parents - and ultimately ourselves - plan for housing, healthcare, and financial security. The book covers pertinent issues facing baby boomers who can easily be overwhelmed by handing their aging loved one's affairs, such as: Helping elderly parents with estate planning and other important documents Determining what their parents' real wishes are and how they can honor them Feeling guilty or manipulated by parents or family members Discussing care and support a loved one will need in the hospital, hospice or assisted living Holding effective family meetings where all elder care issues are discussed Preventing elder fraud and elder abuse Finding help, especially if you live far away Managing the financial aspects Talking to elders about sensitive subjects Finding state and federal elder care resources Bob Mauterstock calls on over 30 years of experience as a financial advisor to share real-life situations he, his parents, and client faced and how they developed practical solutions to deal with them. He is co-owner of a new company, Plan4LifeNow.com, that trains financial advisors to become Elder Planning Specialists. Download this book today and get the information you need to navigate the maze of caring for your aging parents.
Author: Bob Mauterstock
Publisher: Createspace Independent Publishing Platform
ISBN: 9781537705101
Category :
Languages : en
Pages : 48
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Book Description
You, as a financial advisor, are about to enter the perfect storm. Several factors are lining up to make the next ten years the most challenging years that you will ever face in your practice. Consider these facts: Your clients are living longer than their parents. The fastest-growing age group is the very old, those people over 85. The Alzheimer's Association has predicted that 46% of people over age 85 will develop some form of dementia.It is expected that 10 million baby boomers will develop Alzheimer's. Unless we find a treatment or a cure, Alzheimer's will become the defining disease of the baby boomer Generation. In 2009 Fidelity surveyed 350 advisors. More than 84% indicated that they had been touched by someone in their client base who suffers from Alzheimer's Disease. Despite their experience with the disease, more than 96% of the advisors did not feel that they were prepared to assist clients with Alzheimer's. And things have not changed since that survey. Very few firms have stepped forward with specific guidelines for their advisors to deal with diminished capacity. You may have already had to deal with a client with diminished capacity. But most likely you do not have standard protocol to deal with this client. As a result you play it by ear. This is like holding a ticking time bomb. Sooner or later it is going to go off, and a client or client's family will go after you for handling their account improperly. Based on my experience of over thirty-three years as a financial advisor, I will give you the seven steps that you can take to minimize the risk to you and your practice and take the appropriate actions to serve your clients with diminished capacity.
Author:
Publisher: princeton alumni weekly
ISBN:
Category :
Languages : en
Pages : 826
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Book Description
Author: Roberta Taylor
Publisher: Sourcebooks, Inc.
ISBN: 140229591X
Category : Self-Help
Languages : en
Pages : 368
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Book Description
The essential guide for couples to create a happy, healthy, and successful retirement! Retirement can be the best time of your life, but for couples, there's far more to it than cashing in on your 401(k). The most important asset you have during retirement is each other, yet many couples aren't sure where to begin to prepare for retired life or what to consider as they do. The Couple's Retirement Puzzle reveals ten key conversations couples should tackle before retirement to ensure a rewarding second half of life together, including: • Do we have enough money to support the lifestyle we want? • Should we retire simultaneously or separately? • Do we stay put or explore new frontiers? • What's the best way to stay healthy and fit after fifty? • How do we meet new friends and create new interests outside of work? • How will we balance time together and time apart? • And more! Filled with smart practical advice, engaging anecdotes, and helpful exercises,The Couple's Retirement Puzzle will guide you and your partner to a fulfilling retirement you can enjoy and celebrate together.
Author: Cameron Huddleston
Publisher: John Wiley & Sons
ISBN: 111953836X
Category : Business & Economics
Languages : en
Pages : 256
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Book Description
Learn to start open, productive talks about money with your parents as they age As your parents age, you may find that you want or need to broach the often-difficult subject of finances. In Mom and Dad, We Need to Talk: How to Have Essential Conversations with Your Parents About Their Finances, you’ll learn the best ways to approach this issue, along with a wealth of financial and legal information that will help you help your parents into and through their golden years. Sometimes parents are reluctant to address money matters with their adult children, and topics such as long-term care, retirement savings (or lack thereof), and end-of-life planning can be particularly touchy. In this book, you’ll hear from others in your position who have successfully had “the talk” with their parents, and you’ll read about a variety of conversation strategies that can make talking finances more comfortable and more productive. Learn conversation starters and strategies to open the lines of communication about your parents’ finances Discover the essential financial and legal information you should gather from your parents to be prepared for the future Gain insight from others’ stories of successfully talking money with aging parents Gather the courage, hope, and motivation you need to broach difficult subjects such as care facilities and end-of-life plans For children of Baby Boomers and others looking to assist aging parents with their finances, Mom and Dad, We Need to Talk is a welcome and comforting read. Although talking money with your parents can be hard, you aren’t alone, and this book will guide you through the process of having fruitful financial conversations that lead to meaningful action.
Author: Barbara Silverstone
Publisher: Oxford University Press
ISBN: 019531316X
Category : Family & Relationships
Languages : en
Pages : 433
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Book Description
First published in 1976, You and Your Aging Parent is a classic--the first book to shed light on the challenging relationship between adult children and their aging parents, illuminating the emotional, health, and financial difficulties that elderly parents and their children face during the senior years.Marking the 30th anniversary of this highly popular book, the new and revised edition addresses the changes that have taken place in the last three decades, but it still embraces the authors' fundamental insight--that the difficulties and challenges of the aging process are as much a family affair as in any other phase of life. Both a sensitive exploration of the dynamics of the aging family relationship (between parent and child, and sibling and sibling) and an authoritative how-to guide for seniors and their families navigating the practical problems of growing old in America, You and Your Aging Parent has been thoroughly updated to reflect the latest research findings and changes affecting older adults, including in health care and social services. The book also includes a running commentary by Bob Morris--playwright, author, and humorist--who provides insightful and entertaining observations about his trials and tribulations with his own parents as they aged, serving as a contemporary voice for the middle-aged caregiver of today.As the first of the baby boom generation turns 60 and their increasingly frail parents approach late retirement and final decline, this new and updated edition of You and Your Aging Parent will answer their need for authoritative, practical information about this major phase of life.
Author: Gene B. Williams
Publisher:
ISBN: 9781589791855
Category : Family & Relationships
Languages : en
Pages : 332
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Book Description
For adult children or others who may have to step in and care for their parents in their twilight years, this guide offers help in dealing with doctors, managing legal and financial affairs, meeting their parents' emotional needs with sensitivity, and more.
Author: Susan C. Richards
Publisher: Kaplan Publishing
ISBN: 9780793127627
Category : Business & Economics
Languages : en
Pages : 276
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Book Description
The private legal and financial issues can have a profound impact on families. Here is guidance and preparation through the process, as though working with a trusted friend who also happens to be a trained financial professional The adult child with the foresight and courage to tackle these issues while their parents are able to discuss them, will be forearmed When disaster strikes, it's too late.Stressing that adult children should talk with aging relatives while they are healthy and vital, the book helps families: -- remove psychological and practical barriers-- identify all the information required to make good decisions, creating a framework for action-- compile data, formulate discussion points, and set and achieve goals-- deal with reticent parents, advisors, distance barriers, and complex financial issues-- understand the financial and legal aspects of aging: what to do if your parents have money, and what to do if they don't
Author: Steve Weisman
Publisher:
ISBN: 9781280848230
Category : Older people
Languages : en
Pages : 0
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Book Description
Social Security is changing. Medicare is changing. Medicaid is changing. Retirement planning is changing. It is imperative in order to survive financially to understand these confusing changes and make them work to your advantage. These issues particularly affect baby boomers caring for aging parents or planning their own retirement and financial future. This book shows you what to expect, what these changes mean and how to make these changes work to your advantage. Consumer finance expert and nationally syndicated radio host Steve Weisman begins with a complete guide to your retirement investment choices, from IRAs and 401Ks to the latest insurance products ... even new techniques, such as reverse mortgages. Drawing on his exceptional expertise as a financial planner and attorney specializing in elder care issues, Weisman presents insights you can't find elsewhere: simply, painlessly, and with welcome humor
