parents’ finances Archives

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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How Financial Advisers Can Abuse Their Elderly Clients: Family Finances

Elder Financial Abuse Right Under Our Noses? Alice, my mother in law, is blessed with a great memory and pretty good health for a woman of 91. She works at it. She's been a widow for 5 years now. When he was alive, Dad always handled their finances. Since she's…

Mikol DavisNovember 16, 2013

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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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Son Hit with Aging Parents' $93K Nursing Home Bill

Could this happen to you? John Pittas’ mother entered a nursing home for rehabilitation following a car crash. After she left the nursing home, she moved out of the country. His mother’s $93,000 bill at the home was left unpaid. The mom had applied for Medicaid, which would normally pay…

Carolyn RosenblattSeptember 11, 2013

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Hidden Truths About Reverse Mortgages

The ads make them look so great. Vacations, living a great lifestyle, happy couples, smiling at their good fortune. Rewards are repeated again and again. Sincere movie stars of a certain age make the commercials believable. You can get cash now. It’s so easy. Just get your reverse mortgage and…

Carolyn RosenblattSeptember 10, 2013

parents’ finances

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

How Financial Advisers Can Abuse Their Elderly Clients: Family Finances

Smart Ways To Talk To Aging Parents About Finances

Son Hit with Aging Parents' $93K Nursing Home Bill

Hidden Truths About Reverse Mortgages

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