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Adult Children Do Not Want To Be Caregivers aging parents Elder Finances Parents' Finances

Why Is It So Hard To Talk To Aging Parents About Money?

Questions about parents' finances often come up when a parent starts to need some help. Basics like shopping, cooking or bathing can become too difficult for an elder with chronic illness, frailty and problems with memory. It may have started at retirement when income became fixed but unpredictable expenses weren't…

Carolyn RosenblattMarch 20, 2023

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How To Help Your Newly Widowed Aging Parent

Agatha, 60, had married a man 25 years her senior. He had one son who lived outside the US and was not close to his father. Agatha and her husband had a lot of good times until he began to show signs of dementia. Before long, Agatha was a full-time…

Carolyn RosenblattMarch 15, 2023

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One Thing Your Financial Advisor Can’t Tell You About Retirement

Everywhere we look, there is media focused on how to have a great retirement. No wonder. 10,000 people a day are turning 65. The emphasis is largely on urging you to get financial advice so you can feel “secure” and “reach your goals” all suggesting that these are the components…

Carolyn RosenblattMarch 15, 2023

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What Decisions Can An Aging Parent Make After A Dementia Diagnosis?

When an aging parent is diagnosed with dementia of any kind, it can be devastating and confusing to the family. For some, there is denial: ”It’s not that bad, I don’t see anything wrong with her, and let’s just let things stay the same for now.” For others, there is…

Carolyn RosenblattMarch 6, 2023

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How This 89-Year-Old Managed Transparency With Unequal Distribution Of Her Estate To Her Heir

Gertie is a sharp 89, with a history of being well organized in her life. She is widowed, and was living alone. During Covid, one of her four daughters and her husband moved in with her, a plan that was supposed to be temporary. Gertie needed a little help with…

Carolyn RosenblattFebruary 28, 2023

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Why Scammers Are After Your Aging Loved Ones Right Now-And What You Can Do About It

You may see some public notices from governments, nonprofit agencies and consumer organizations warning about increased scammer activity lately. There is a lot of focus on internet and phone scams — everything from fake threats to pay money or fake enticements to get a “deal” on something. People are shopping…

Carolyn RosenblattFebruary 27, 2023

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Lifestyle Of A Super-Ager: How She Does It

The start line of the annual race in Golden Gate Park, San Francisco, was crowded. A rain delay had participants just waiting. I looked over at a woman next to me, and said “hello”. She was friendly and we had a conversation. When the announcer asked who was celebrating a…

Carolyn RosenblattFebruary 27, 2023

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Retirement Age And Beyond: Are We Overmedicated And Undertrained?

As most people at retirement age are looking at a few chronic health conditions, it isn't surprising that most are taking medications. According to astonishing 87-year-old Ann Kahl, a fitness guru in Florida, we're using these drugs to do what we ought to be doing ourselves in many cases, just…

Carolyn RosenblattFebruary 7, 2023

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Dementia Prevention: Tips From Current Research to Love Your Brain

People used to fear a diagnosis of cancer above all. That has been replaced by fear of a diagnosis of dementia, particularly Alzheimer’s disease. Most people know someone who has it or did in the past. There is good reason to be afraid. It’s a difficult, expensive and sometimes very…

Carolyn RosenblattFebruary 4, 2023

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Is Your Aging Parent Trusting The Wrong Financial Advisor?

It seems that there is no end to what unscrupulous financial advisors will do to line their own pockets at others' expense. One does not need to be elderly and frail to get taken advantage of by someone you trust for financial advice. This debacle happened to a working widow…

Carolyn RosenblattFebruary 3, 2023

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