What are the “Four-P’s” of Financial Caregiving?

If you are one of the millions of those who identify themselves as part of the "Sandwich Generation" then you may be largely responsible for the financial decisions and well-being of an aging parent or loved one. Most will be thrust into the role largely unprepared and learn through on-the-job training. The problem with this … Continue reading What are the “Four-P’s” of Financial Caregiving?

How Much Do I Need to Know About My Parent’s Finances?

Few people want to stick their noses into their parents' business. For many, it's the last taboo to inquire into your parents' financial lives. This is one of those “it depends” questions. It isn’t always necessary for you to know every detail about your parents’ financial affairs. In fact, the less you need to know, … Continue reading How Much Do I Need to Know About My Parent’s Finances?

The Money Talk: Starting the Conversation with Your Parents

The question I am most often asked is “How do I begin the conversation with my  parents?” I always answer, “Very carefully.” The truth is there is no one best way to begin the conversation. So much of it depends on circumstances and personality. Circumstances – usually health issues – may be at such a … Continue reading The Money Talk: Starting the Conversation with Your Parents