money Archives - Aging Parents

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

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 RosenblattAugust 3, 2022

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How Collecting Data Does Not Stop Financial Abuse Of Aging Parents

Financial abuse of elders is growing. This is not surprising! The Office of Financial Protection For Older Americans documents that banks and other institutions filings of "suspicious activity reports" quadrupled between 2013 and 2017. Elders among us are being victimized by predators of all stripes, starting with family members. According…

Carolyn RosenblattAugust 3, 2022

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Nip A Predator's Scheme In The Bud — Stop Your Aging Parent From Becoming Prey

Rhonda is a 91-year-old widow and lives independently. She has a few million in investments and has planned well for retirement. Her two sons are busy and leave her to make decisions about her money independently. What Rhonda’s sons didn't know was how vulnerable she was to a financial predator.…

Carolyn RosenblattJuly 12, 2017

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Intrusion or Just Being Safe? Monitoring Aging Parents' Finances

For most adult children with aging parents, there is often the dilemma of whether or not they should be involved with monitoring their aging parents spending habits. You want to honor their independence, but what if they show signs of slipping? Should you talk about it or just wait until…

Carolyn RosenblattJune 13, 2017

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Avoid These Three Retirement Mistakes That Can Make A Mess For Your Family

Retirement talk is on a roll. With 10,000 Boomers turning 65 every day, no wonder. But besides advice on how to "live the life of your dreams" and have a "secure retirement" there's some important information too few are taking about. That's the retirement-era mistakes people make that are pretty…

Carolyn RosenblattApril 7, 2017

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The Looming Crisis: Aging Parents And Adult Children Still Living At Home

You may know of an older individual or couple who has a middle-aged adult child living with them in their home. We are not talking here about those who sensibly chose a multi-generation household for good reasons. And this is not about the daughter who quits her job to move…

Carolyn RosenblattFebruary 17, 2017

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Boomers: Will You Need Care In Your Own Future?

Hello again, from Carolyn and Mikol at AgingParents.com! Wishing all of you a beautiful season. Here’s a subject that many of us are involved in right now. Millions of us Boomers are caring for an aging parent. Some take their loved one into their home, and some move to…

Carolyn RosenblattDecember 29, 2014

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Can Your Aging Loved One Learn To Use Technology?

Hello again. Mikol here. We hope this finds you well. Today, I want to share with you an experience I had with my Mom, who was 86 when this happened. My Mom, Alice, was computer phobic before Dad died. She wouldn't even touch a computer and walked away…

Mikol DavisMarch 4, 2014

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The Saga Continues: Should You Support Your Low Income Aging Loved One?

As many of your may know, my brother had a massive stroke and was hospitalized for weeks. He went to a rehab facility (aka nursing home) where he got physical therapy, speech and occupational therapy. When it came time for discharge, a decision had to be made: go to a…

Carolyn RosenblattFebruary 1, 2014

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Smart Ways To Talk To Aging Parents About Finances

A recent survey by the National Endowment for Financial Education found that seven in 10 adults say they have difficulty talking to their families about who will make financial decisions on behalf of an aging family member who becomes unable to handle their money. Part of the problem is…

Carolyn RosenblattSeptember 17, 2013

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