finances Archives

The Other Midlife Crisis: Your Aging Parents And You

For those in what we call "midlife", somewhere between 45 and 65 years of age, there is a hidden crisis many face. It's not suddenly wanting to re-make your life nor taking an abrupt turn in your relationship with your significant other. Rather, it's the pressure of feeling obligated to…

Carolyn RosenblattFebruary 3, 2023

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What To Do When An Aging Parent Takes In A Homeless Friend

Roger, 90 and Mark, 85 have been off and on friends for 50 years. Mark has no family of his own. Roger’s adult kids call him “Uncle Mark”, as he’s shown up for family events for decades. He once had plenty of money, or so it seemed. There was the…

Carolyn RosenblattJanuary 27, 2023

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Danger: Can You Stop Aging Parents’ Overspending, Running Low On Funds?

Briana called AgingParents.com in distress. She was feeling panicky and angry. Her 80-year-old mother, Rhonda, had just bought another new car she could not afford. Briana explained that her mother’s funds were limited, but she kept insisting on living the life she had before her husband passed. Her parents had…

Carolyn RosenblattNovember 11, 2022

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Danger: Her Aging Parent Is Overspending, And Her Daughter Is Panicked!

Carolyn RosenblattAugust 3, 2022

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What Will It Cost Aging Parents To Age In Place At Home?

You may know some aging folks who are staying in their own homes with caregivers helping as they lose independence. By far, most people want to stay in their own homes rather than go to a senior community. Maybe you’ve never calculated what that can cost. Medicare does not pay…

Carolyn RosenblattJuly 27, 2022

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Help Your Aging Parents Avoid This Common Mistake

Parents often want to be fair with their adult kids and may want to appoint them together on legal documents when they do their estate planning. That means that the adult children will have “equal decision-making ability” on things like the Power of Attorney for finances or the Advance Healthcare…

Carolyn RosenblattJune 19, 2022

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Will You Have To Support Your Aging Parents Some Day?

Will You Have To Support Your Aging Parents Some Day? For most adult children with aging loved ones who were responsible investors, there is a sense of security. There is nothing to worry about. They have a seven-figure investment portfolio, and they own their home outright. No one expects them…

Carolyn RosenblattMay 17, 2022

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Hard Conversations About End Of Life Wishes: Should Young Adults Be Included?

Hard Conversations About End Of Life Wishes: Should Young Adults Be Included? Talking about one’s end of life wishes is typically uncomfortable for most. We think of the subject as one for our aging parents to have with us when they are “old”. We don’t usually think it is a…

Carolyn RosenblattApril 11, 2022

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Difficult Aging Parents and Loss of Wealth-How Far Do You Let It Go?

Difficult Aging Parents and Loss of Wealth-How Far Do You Let It Go? By Carolyn L. Rosenblatt, RN, Attorney, AgingParents.com For some adult children who have unpleasant, oppositional aging parents, there is a strong motivation to stay out of their affairs. That’s understandable. No one likes to be yelled at…

Carolyn RosenblattJuly 19, 2021

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