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2 min read

Finances for Your Aging Parents: What to Expect and How to Prepare

By NAIFA on 5/13/22 10:00 AM

Finances for Your Aging Parents: What to Expect and How to Prepare

It's not always easy to think about your parents getting older and more dependent on you. When it comes to their finances, what do you need to know? What are the most important things for aging parents to consider when it comes to their finances? 

This article will cover what you need to know about planning for your elderly parent's financial needs in retirement so that they can maintain some level of independence. 

Topics: Retirement Planning Financial Planning Planning in Advance Eldercare Medicare Limited Care Financial Literacy
6 min read

How Your Risk of Financial Exploitation Increases as You Age

By Cameron Huddleston, Carefull Family Finance Expert on 3/29/22 10:00 AM

You know that you can expect to be at an increased risk of health issues as you age. However, what you might not realize is that aging puts you at a greater risk of another issue: financial exploitation. 

In fact, the rate at which adults over the age of 60 can expect to experience financial exploitation—1 in 20—is higher than the incidence of many age-related diseases, according to research published in The Journals of Gerontology. And that’s likely an underestimate of the problem because, according to the report, “many older adults are unaware or unwilling to report exploitation.” 

Topics: Long-Term Care Limited Care Limited & Extended Care Planning Center Potential Partners for Advisors Insurance

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