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| financial advisor elderly parent: Mom and Dad, We Need to Talk Cameron Huddleston, 2019-06-25 Learn to start open, productive talks about money with your parents as they age As your parents age, you may find that you want or need to broach the often-difficult subject of finances. In Mom and Dad, We Need to Talk: How to Have Essential Conversations with Your Parents About Their Finances, you’ll learn the best ways to approach this issue, along with a wealth of financial and legal information that will help you help your parents into and through their golden years. Sometimes parents are reluctant to address money matters with their adult children, and topics such as long-term care, retirement savings (or lack thereof), and end-of-life planning can be particularly touchy. In this book, you’ll hear from others in your position who have successfully had “the talk” with their parents, and you’ll read about a variety of conversation strategies that can make talking finances more comfortable and more productive. Learn conversation starters and strategies to open the lines of communication about your parents’ finances Discover the essential financial and legal information you should gather from your parents to be prepared for the future Gain insight from others’ stories of successfully talking money with aging parents Gather the courage, hope, and motivation you need to broach difficult subjects such as care facilities and end-of-life plans For children of Baby Boomers and others looking to assist aging parents with their finances, Mom and Dad, We Need to Talk is a welcome and comforting read. Although talking money with your parents can be hard, you aren’t alone, and this book will guide you through the process of having fruitful financial conversations that lead to meaningful action. |
| financial advisor elderly parent: Juggling Life, Work, and Caregiving Amy Goyer, 2015 One in four American adult face the challenges of caring for an adult friend or relative. Although caregiving can be a richly rewarding and joyful experience, the role comes with enormous responsibilities-- and pressures. This gentle guide provides practical resources and tips that are easy to find when you need them, whether you're caregiving day to day, planning for future needs, or in the middle of a crisis. Goyer offers insight, inspiration, and poignant stories and experiences of caregivers, including her own as a live-in caregiver for her parents. |
| financial advisor elderly parent: The Caregiving Trap Pamela D. Wilson, 2015-10-06 The Caregiving Trap combines the authentic life and professional experience of Pamela D. Wilson, who provides recommendations for overwhelmed and frustrated caregivers who themselves may one day need care. The Caregiving Trap includes stories about Pamela's actual personal and professional experience along with end of chapter exercises to support caregivers. Common caregiving issues include: A sense of duty and obligation to provide care that damages family relationships Emotional and financial challenges resulting in denial of care needs Ignorance of predictive events that result in situations of crises or harm Delayed decision making and lack of planning resulting in limited choices Minimum standards of care supporting the need for advocacy |
| financial advisor elderly parent: Caring For Your Elderly Parent Kate Sumner, 2019-06-01 Today, more than two million Australians are over 70 years of age; by the year 2050 seniors are likely to make up almost 30 percent of the population. The implications of this are not just political; they are very personal. At some stage in life, most of us will help an elderly friend, parent, partner, relative or spouse make important decisions about their health and wellbeing, housing, care, finances, legal affairs and end of life care. This book has been written for any Australian who loves and cares for an elderly parent or other person, anyone responsible for an elderly persons wellbeing, or who simply wants to prepare for their own future. It includes practical strategies for assessing older peoples needs; dealing with family dynamics; finding home help; preventing falls and other accidents; moving into an aged care home; managing financial and legal affairs; and getting the best possible medical and end-of-life care. |
| financial advisor elderly parent: The Money Class Suze Orman, 2012-01-10 The #1 New York Times bestseller, now revised and updated, filled with tools and advice that can take you from a place of financial fear to a place of financial security. WHAT WILL YOU LEARN IN THE MONEY CLASS? How to find the courage to stand in your truth and why it is a place of power. What daily actions will restore the word “hope” to your vocabulary. Everything you need to know about taking care of your family, your home, your career, and planning for retirement—no matter where you are in your life or where the economy is heading. In nine electrifying, empowering classes, Suze Orman teaches us how to navigate these unprecedented financial times. With her trademark directness, she shows us how to tackle the complicated mix of money and family, how to avoid making costly mistakes in real estate, and how to get traction in your career or rebuild after a professional setback. And in what is the most comprehensive retirement resource available today, Suze presents an attainable strategy, for every reader, at every age. In The Money Class you will learn what you need to know in order to feel hopeful, once again, about your future. |
| financial advisor elderly parent: The Retirement Planning Book Douglas Goldstein, 2013-10 According to the U.S. Department of Labor, less than half of the workforce has calculated how much they need to save in order to retire. People often look to their retirement as free time. But there is no such thing as free time - retirement has its own bills to pay. How do you meet your expenses when pension plans only cover a small percentage of your living costs? For most people, the ultimate goal of their working years is a comfortable and easy retirement. Yet, many working people avoid planning for the future because retirement seems so far off, or they live for today, hoping that tomorrow will take care of itself. The concepts of planning and saving need not be daunting. Whether you are in your early twenties or your late fifties, it's never too early or too late to plan for your retirement. The Retirement Planning Book is a rich source of information that will guide you through the process of planning your golden years Find out about early retirement, financial planning, investments, social security, pension plans, and more from this concise, easy-to-read guide. Look to the years ahead with The Retirement Planning Book - your handbook for planning a comfortable future! |
| financial advisor elderly parent: Silver Spoon Kids Eileen Gallo, Jon Gallo, 2002-01-25 A parent's guide to raising financially responsible children in an age of unprecedented wealth It is natural as parents that we want to give our children the best of everything. And in an age of unprecedented wealth and easy credit, upper- and middle-income parents can indulge that urge like never before. Yet, you have become alarmed over the impact this newfound affluence may be having on your children. You fear that through your generosity you are training your children to be greedy, selfish spendthrifts. The first parenting guide to focus exclusively on this increasingly sensitive topic, Silver Spoon Kids was coauthored by a psychotherapist who counsels people with money-related emotional problems and a lawyer specializing in estate planning. Drawing upon their experiences as members of the renowned NYU Family Wealth Institute, they tell you how to talk to kids about money, how to teach them to handle it responsibly, and how to instill in your kids a sense of giving to their communities. |
| financial advisor elderly parent: Work Optional Tanja Hester, 2019-02-12 A practical action guide for financial independence and early retirement from the popular Our Next Life blogger. In today's work culture, we're expected to hustle around the clock. But what if you could escape the traditional path and get on one that doesn't require working full-time until age 65? What if you could wake up every day without an alarm clock and do the things you love most? Tanja Hester and her husband Mark left their crazed careerist lifestyle to live their dream life in Lake Tahoe, retiring early from high-stress careers. Now Tanja will help you map out a customized plan for freedom and make it easy to succeed, whether you're good at math and budgeting -- or not! Work Optional is more than just a financial plan: it's a plan for your whole life -- designed by you, not by an employer or clients. Tanja walks you through envisioning your dream life, accounting for variables such as health care and children, protecting yourself from recessions and future unknowns, and achieving a purpose-filled early retirement, semi-retirement, or career intermission with completely doable, non-penny-pinching steps. You can live a happier, more meaningful life, free from the daily grind. Regardless of where you are in your career, Work Optionalwill get you there. |
| financial advisor elderly parent: Caring for Your Parents Hugh Delehanty, Elinor Ginzler, 2008 Practical advice you can trust from the experts at AARP--Cover. |
| financial advisor elderly parent: Debt-Free Degree Anthony ONeal, 2019-10-07 Every parent wants the best for their child. That’s why they send them to college! But most parents struggle to pay for school and end up turning to student loans. That’s why the majority of graduates walk away with $35,000 in student loan debt and no clue what that debt will really cost them.1 Student loan debt doesn’t open doors for young adults—it closes them. They postpone getting married and starting a family. That debt even takes away their freedom to pursue their dreams. But there is a different way. Going to college without student loans is possible! In Debt-Free Degree, Anthony ONeal teaches parents how to get their child through school without debt, even if they haven’t saved for it. He also shows parents: *How to prepare their child for college *Which classes to take in high school *How and when to take the ACT and SAT *The right way to do college visits *How to choose a major A college education is supposed to prepare a graduate for their future, not rob them of their paycheck and freedom for decades. Debt-Free Degree shows parents how to pay cash for college and set their child up to succeed for life. |
| financial advisor elderly parent: Wallet Activism Tanja Hester, 2021-11-16 2022 NATIONAL INDIE EXCELLENCE AWARDS FINALIST — SOCIAL/POLITICAL CHANGE • 2022 ASJA ANNUAL WRITING AWARD WINNER — SERVICE • 2022 NAUTILUS BOOK AWARDS GOLD MEDALIST — SOCIAL CHANGE & SOCIAL JUSTICE • 2022 AXIOM BUSINESS BOOK AWARD GOLD MEDALIST — PHILANTHROPY/NONPROFIT/SUSTAINABILITY How do we vote with our dollars, not just to make ourselves feel good, but to make a real difference? Wallet Activism challenges you to rethink your financial power so can feel confident spending, earning, and saving money in ways that align with your values. While we call the American system a democracy, capitalism is the far more powerful force in our lives. The greatest power we have—especially when political leaders won’t move quickly enough—is how we use our money: where we shop, what we buy, where we live, what institutions we entrust with our money, who we work for, and where we donate determines the trajectory of our society and our planet. While our votes and voices are essential, too, Wallet Activism helps you use your money for real impact. It can feel overwhelming to determine “the right way” to spend: a choice that might seem beneficial to the environment may have unintended consequences that hurt people. And marketers are constantly lying to you, making it hard to know what choice is best. Wallet Activism empowers us to vote with our wallets by making sense of all the information coming at us, and teaching us to cultivate a more holistic mindset that considers the complex, interrelated ecosystems of people and the planet together, not as opposing forces. From Tanja Hester, Our Next Life blogger and author of Work Optional, comes the mindset-shifting guide to help you put your money where your values are. Wallet Activism is not a list of dos and don’ts that will soon become outdated, nor does it call for anti-consumerist perfection. Instead, it goes beyond simple purchasing decisions to explore: The impacts a financial decision can have across society and the environment How to create a personal spending philosophy based on your values Practical questions to quickly assess the “goodness” of a product or an entity you may buy from The ethics of earning money, choosing what foods to eat, employing others, investing responsibly, choosing where to live, and giving money away For anyone interested in leaving the world better than you found it, Wallet Activism helps you build habits that will make your money matter. |
| financial advisor elderly parent: Caring for Mom Dorothy Sander, 2010-02-03 Caring for Mom is a touching collection of reflections that speak to all who have, are or will care for an aging parent and facing all the challenges of being a member of the sandwich generation. While describing the process of care giving and all that implies, Dorothy Sander has left her heart on every page of this important book. This is not a standard or sugar coated instruction manual. Dorothy tackles issues concerning every aspect of aging-our own and those for whom we care. Dealing with stress, money, family, how to say goodbye, exhaustion, and coping with grief all find pages in Caring For Mom. Dorothy's experience is invaluable. Her style resembles a chat with a good friend. Those who read her account will find wisdom, comfort, and support. She writes with compassion, honesty and a deep commitment to all that is good in life. Caring for Mom is a book you can read again and again. |
| financial advisor elderly parent: Getting Your Affairs in Order , 1988 |
| financial advisor elderly parent: Passing the Torch Bob Mauterstock, 2014-12-05 A comprehensive, practical guide that leads Baby Boomers through the process of getting their financial lives in order and communicating their wishes, desires and concerns to their adult children. It will give you the tools to develop a strong partnership with your children to make the critical decisions that will affect your life and theirs. Talking to your children about all the issues you will face as you get older is often very difficult to do. Passing the Torch gives parents a practical and empathetic approach to work with their children to discuss and plan all the decisions they will have to make. The book lays out the steps to prepare and hold a family meeting to open up the lines of communication. It addresses such critical areas as legal issues that can impact the family, end of life planning, health care planning, and passing on a legacy to the next generation. The author calls on over 30 years of experience as a financial advisor to share real-life situations he and his clients had to face and how they developed practical solutions to deal with them. Passing on The Torch will give you the tools to give your children the gift of communication and give you the peace of mind to know that you have everything in order. |
| financial advisor elderly parent: Families Caring for an Aging America National Academies of Sciences, Engineering, and Medicine, Health and Medicine Division, Board on Health Care Services, Committee on Family Caregiving for Older Adults, 2016-12-08 Family caregiving affects millions of Americans every day, in all walks of life. At least 17.7 million individuals in the United States are caregivers of an older adult with a health or functional limitation. The nation's family caregivers provide the lion's share of long-term care for our older adult population. They are also central to older adults' access to and receipt of health care and community-based social services. Yet the need to recognize and support caregivers is among the least appreciated challenges facing the aging U.S. population. Families Caring for an Aging America examines the prevalence and nature of family caregiving of older adults and the available evidence on the effectiveness of programs, supports, and other interventions designed to support family caregivers. This report also assesses and recommends policies to address the needs of family caregivers and to minimize the barriers that they encounter in trying to meet the needs of older adults. |
| financial advisor elderly parent: Doris Inc. Shirley Roberts, 2012-11-14 Proven strategies for finding balance in your life and career while maximizing the quality of life for an elderly person When Shirley Roberts' father passed away, her life and career were put on hold as the demands of caring for her elderly mother, Doris, began consuming more and more of her time and energy. Using her business prowess, Shirley, with the help of her financial advisor brother, developed Doris Inc. Using their business skills, they found ways to maintain their own lives and careers while ensuring that their mother received top-notch care. Much of their success has come from sound management practices and an original financial forecasting tool tailored for elders. In this heartfelt, beautifully written book, Shirley offers sage advice on how to cope with the emotional roller coaster of eldercare, along with proven care and financial planning strategies and tools that have worked so well for her. Features concrete lessons and proven strategies for handling the challenges of eldercare; making tough decisions, finding help, reducing stressful crises and planning for the high costs of eldercare Offers practical guidance to avoid sacrificing your own life while providing the best care for your loved ones Tips on confronting and planning for your own golden years to ensure that you'll have a fulfilling life after retirement and that those who'll be caring for you won't be overly burdened |
| financial advisor elderly parent: Protect Your Parents and Their Financial Health-- Susan C. Richards, 1999 The private legal and financial issues can have a profound impact on families. Here is guidance and preparation through the process, as though working with a trusted friend who also happens to be a trained financial professional The adult child with the foresight and courage to tackle these issues while their parents are able to discuss them, will be forearmed When disaster strikes, it's too late.Stressing that adult children should talk with aging relatives while they are healthy and vital, the book helps families: -- remove psychological and practical barriers-- identify all the information required to make good decisions, creating a framework for action-- compile data, formulate discussion points, and set and achieve goals-- deal with reticent parents, advisors, distance barriers, and complex financial issues-- understand the financial and legal aspects of aging: what to do if your parents have money, and what to do if they don't |
| financial advisor elderly parent: Parenting Your Parents Bart J. Mindszenthy, Michael Gordon, 2005-03-12 A valuable resource for anyone who needs advice on how to provide their elderly parents with the care and support they require. |
| financial advisor elderly parent: The ElderCare Ready Book Stuart Furman, 2015-03 |
| financial advisor elderly parent: The Bogleheads' Guide to Investing Taylor Larimore, Mel Lindauer, Michael LeBoeuf, 2006-04-20 Within this easy-to-use, need-to-know, no-frills guide to building financial well-being is advice for long-term wealth creation and happiness, without all the worries and fuss of stock pickers and day traders. |
| financial advisor elderly parent: The Parent Care Conversation Dan Taylor, Christine Sheffield, Dr. Kevin Skipper, 2015-08-29 A comprehensive and empathetic program for addressing, planning, and putting into effect long-term parent care. Long-term care for aging parents is a sensitive, often difficult, but ultimately inevitable issue all of us must face. The Parent Care Conversation offers a step-by-step approach for families to follow that will enable them to develop workable plans of action. By first addressing the emotional aspects of long-term care that take into account the parents feelings and wishes, then integrating the practical and financial components, this book will open the door for a critical exchange of information and honest discussion among adult children and their aging parents that has long been the major roadblock to successful elder care. Filled with factual information, useful tips, real-life stories, and practical exercises, The Parent Care Conversation provides a proactive and collaborative solution to the long-term care issues that eventually everyone must face. |
| financial advisor elderly parent: Estate Planning 101 Vicki Cook, Amy Blacklock, 2021-08-03 Discover the ins and outs of planning your own or your loved one’s last wishes with this easy-to-understand guide to estate planning. No one likes to talk about death, but being prepared for any unexpected tragedy can help your loved ones navigate your loss more easily in the long run. From creating your advanced medical directives to designating your beneficiaries, estate planning can ensure that your wishes are carried out when you are no longer around. With Estate Planning 101, you can get your affairs in order before any unfortunate incident occurs. This easy-to-understand guide comes with detailed information on what needs to be done to protect your estate. With information on creating a living will, minimizing estate taxes, choosing an executor, and more, you will be prepared for the future, no matter what it brings. Estate Planning 101 offers you step-by-step instructions and checklists to keep you organized for whatever life throws your way. |
| financial advisor elderly parent: Honoring Aging Parents Klaus Dannenberg, Bruce Black, 2019 As our parents age and become unable to care for them selves, awareness of challenges and insights into useful approaches are provided using short vignettes that everyone can relate to. |
| financial advisor elderly parent: The College Solution Lynn O'Shaughnessy, 2008-06-06 “The College Solution helps readers look beyond over-hyped admission rankings to discover schools that offer a quality education at affordable prices. Taking the guesswork out of saving and finding money for college, this is a practical and insightful must-have guide for every parent!” —Jaye J. Fenderson, Seventeen’s College Columnist and Author, Seventeen’s Guide to Getting into College “This book is a must read in an era of rising tuition and falling admission rates. O’Shaughnessy offers good advice with blessed clarity and brevity.” —Jay Mathews, Washington Post Education Writer and Columnist “I would recommend any parent of a college-bound student read The College Solution.” —Kal Chany, Author, The Princeton Review’s Paying for College Without Going Broke “The College Solution goes beyond other guidebooks in providing an abundance of information about how to afford college, in addition to how to approach the selection process by putting the student first.” —Martha “Marty” O’Connell, Executive Director, Colleges That Change Lives “Lynn O’Shaughnessy always focuses on what’s in the consumer’s best interest, telling families how to save money and avoid making costly mistakes.” —Mark Kantrowitz, Publisher, FinAid.org and Author, FastWeb College Gold “An antidote to the hype and hysteria about getting in and paying for college! O’Shaughnessy has produced an excellent overview that demystifies the college planning process for students and families.” —Barmak Nassirian, American Association of Collegiate Registrars and Admissions Officers For millions of families, the college planning experience has become extremely stressful. And, unless your child is an elite student in the academic top 1%, most books on the subject won’t help you. Now, however, there’s a college guide for everyone. In The College Solution, top personal finance journalist Lynn O’Shaughnessy presents an easy-to-use roadmap to finding the right college program (not just the most hyped) and dramatically reducing the cost of college, too. Forget the rankings! Discover what really matters: the quality and value of the programs your child wants and deserves. O’Shaughnessy uncovers “industry secrets” on how colleges actually parcel out financial aid—and how even “average” students can maximize their share. Learn how to send your kids to expensive private schools for virtually the cost of an in-state public college...and how promising students can pay significantly less than the “sticker price” even at the best state universities. No other book offers this much practical guidance on choosing a college...and no other book will save you as much money! • Secrets your school’s guidance counselor doesn’t know yet The surprising ways colleges have changed how they do business • Get every dime of financial aid that’s out there for you Be a “fly on the wall” inside the college financial aid office • U.S. News & World Report: clueless about your child Beyond one-size-fits-all rankings: finding the right program for your teenager • The best bargains in higher education Overlooked academic choices that just might be perfect for you |
| financial advisor elderly parent: Cruising through Caregiving Jennifer L. FitzPatrick, 2016-09-27 Caregiving is no vacation, but you can cruise more smoothly through it! If you’re facing the daunting reality that you’re about to become a caregiver—whether you planned for it or not—Cruising through Caregiving is the down-to-earth and authoritative answer you need. Jennifer FitzPatrick has been through nearly every possible scenario on the caregiving spectrum, both professionally and personally, and she expertly shows you how to be a responsible, loving caregiver without being overcome by guilt, exhaustion, or worry. It doesn’t matter whether you have advantages such as money or an extended family. You don’t have to passively just let things happen. No matter your particular situation, FitzPatrick has a practical and thoughtful solution to deal with it. She’ll help you discover and harness powers you don’t even know you have—from getting other family members to participate in caregiving to navigating a loved one’s finances, living setting, or declining physical and mental health conditions. Advice and resources from FitzPatrick and twenty-four other professionals show how to give your loved one the best quality of life possible without sacrificing your own life, health, career, relationships, or financial stability. |
| financial advisor elderly parent: Rich as a King Susan Polgar, Douglas Goldstein, 2014-11-15 A chess grandmaster and a certified financial planner show readers how to approach investing like a chess player, and how to gain financial freedom. Discover how you can apply the strategies of chess to manage your money better. World Chess Champion Grandmaster Susan Polgar and international investment advisor Douglas Goldstein, CFP, share practical examples and never-before-heard stories from the chess, and show you: · What is holding you back from financial freedom · How to apply the strategies that Susan Polgar used to win 10 Olympic medals to managing your money · The 64 strategies that can make you as “Rich as a King!” Praise for Rich As a King “An entertaining, informative, and very interesting treatment of investment strategy, tactics, and wisdom.”—Michael Spence, Nobel Prize Laureate, Economics, 2001 “Goldstein and Polgar integrate chess and investment strategies in a remarkably entertaining and educational fashion. Chess players who know little about investing and investors who know little about chess will gain fresh insights into both.”—Ken Rogoff, former chief economist of the International Monetary Fund; professor, Economics Department, Harvard University; chess grandmaster “A treasure trove of financial tips, brilliantly weaving together the strategic thinking of a chess master with the practical advice of an experienced financial analyst.”—Doug Shadel, PhD; AARP financial fraud expert and author of Outsmarting the Scam Artists “This fast-moving, enjoyable book shows you how to think better, make better decisions, and achieve your long-term goals of “financial victory” with great certainty.”—Brian Tracy, bestselling author of Million Dollar Habits |
| financial advisor elderly parent: The Special Needs Planning Guide Cynthia R. Haddad, John W. Nadworny, 2022 Written with both compassion and expertise, this bestselling book provides families with a comprehensive guide to planning for the lifetime needs of a child with disabilities. It presents the Five Factors readers need to consider-family and support, emotional, financial, legal, and government benefits-and how to plan for these factors at every stage of a child's life. The second edition includes updates based on current law, fully revised chapters with a wealth of practical recommendations, and a ten-step, manageable planning process. Online resources include fillable timelines, worksheets, and other planning documents to help families create a secure, full, and happy life for and with their child-- |
| financial advisor elderly parent: The Family Guide to Aging Parents Carolyn Rosenblatt, 2015-03-17 There are more than 43 million adult family caregivers caring for their aging parents and family members in the United States alone. While Boomers are about to enjoy retirement and the freedoms that come with a life well lived, the responsibility of caring for their aging parents is a key issue they unexpectedly face. The Boomer’s Guide to Aging Parents is the complete guide to help the caregiver understand the issues and be prepared for the realities. Covering everything from legal issues to what to do when your aging parent still wants to drive, The Boomer's Guide provides clear counsel for giving loving care and enjoying life after retirement. |
| financial advisor elderly parent: You and Your Aging Parent Barbara Silverstone, Helen Kandel Hyman, 2008-02-27 First published in 1976, You and Your Aging Parent is a classic--the first book to shed light on the challenging relationship between adult children and their aging parents, illuminating the emotional, health, and financial difficulties that elderly parents and their children face during the senior years. Marking the 30th anniversary of this highly popular book, the new and revised edition addresses the changes that have taken place in the last three decades, but it still embraces the authors' fundamental insight--that the difficulties and challenges of the aging process are as much a family affair as in any other phase of life. Both a sensitive exploration of the dynamics of the aging family relationship (between parent and child, and sibling and sibling) and an authoritative how-to guide for seniors and their families navigating the practical problems of growing old in America, You and Your Aging Parent has been thoroughly updated to reflect the latest research findings and changes affecting older adults, including in health care and social services. The book also includes a running commentary by Bob Morris--playwright, author, and humorist--who provides insightful and entertaining observations about his trials and tribulations with his own parents as they aged, serving as a contemporary voice for the middle-aged caregiver of today. As the first of the baby boom generation turns 60 and their increasingly frail parents approach late retirement and final decline, this new and updated edition of You and Your Aging Parent will answer their need for authoritative, practical information about this major phase of life. |
| financial advisor elderly parent: The Essential Advisor Bill Crager, Jay Hummel, 2016-05-02 Leverage the financial services evolution to maximize your firm's value The Essential Advisor presents an insightful handbook for advisors looking to navigate the changing face of financial services. The industry is evolving, consumers are evolving, and many advisors are being left behind as old methods become less and less relevant. This book shows you how to turn this shift into a positive, by positioning your firm to maximize these new opportunities, and deliver the results and experience increasingly expected of financial advisors. You'll learn how to provide the transparency, hands-on interaction, and around-the-clock access today's clients demand, and how to consistently deliver service that robo-advisors cannot duplicate. Emerging technologies do not have to be a threat to your practice—they are tools that represent opportunities to provide greater service to your clients, and smart technology integration will be a hallmark of firms that survive the shift. This guide provides a clear vision of the future of financial services, and an indispensable management framework for maximizing your firm's future value. Advisors are increasingly confused about what clients are seeking, and clients are equally confused about what advisory firms offer that alternatives cannot. This book helps clear the air on both sides by examining the client's perspective of financial services, and helping advisors better communicate their strengths. Articulate the value of your services Leverage new technology to complement your practice Capitalize on opportunities and maximize your firm's value Position your firm to benefit from the changing consumer population Financial advisors can only grow their businesses if clients know what they do, know how to hire them, and can access them affordably. The Essential Advisor shows you to bring your firm into the future successfully. |
| financial advisor elderly parent: Hope for the Caregiver Peter Rosenberger, 2015-10-15 There are 65.7 million caregivers in America, making up 29 percent of the U.S. adult population. Where does the caregiver turn when dealing with their own need for encouragement and renewal? |
| financial advisor elderly parent: The Simple Path to Wealth Jl Collins, 2021-08-16 In the dark, bewildering, trap-infested jungle of misinformation and opaque riddles that is the world of investment, JL Collins is the fatherly wizard on the side of the path, offering a simple map, warm words of encouragement and the tools to forge your way through with confidence. You'll never find a wiser advisor with a bigger heart. -- Malachi Rempen: Filmmaker, cartoonist, author and self-described ruffian This book grew out of a series of letters to my daughter concerning various things-mostly about money and investing-she was not yet quite ready to hear. Since money is the single most powerful tool we have for navigating this complex world we've created, understanding it is critical. But Dad, she once said, I know money is important. I just don't want to spend my life thinking about it. This was eye-opening. I love this stuff. But most people have better things to do with their precious time. Bridges to build, diseases to cure, treaties to negotiate, mountains to climb, technologies to create, children to teach, businesses to run. Unfortunately, benign neglect of things financial leaves you open to the charlatans of the financial world. The people who make investing endlessly complex, because if it can be made complex it becomes more profitable for them, more expensive for us, and we are forced into their waiting arms. Here's an important truth: Complex investments exist only to profit those who create and sell them. Not only are they more costly to the investor, they are less effective. The simple approach I created for her and present now to you, is not only easy to understand and implement, it is more powerful than any other. Together we'll explore: Debt: Why you must avoid it and what to do if you have it. The importance of having F-you Money. How to think about money, and the unique way understanding this is key to building your wealth. Where traditional investing advice goes wrong and what actually works. What the stock market really is and how it really works. Why the stock market always goes up and why most people still lose money investing in it. How to invest in a raging bull, or bear, market. Specific investments to implement these strategies. The Wealth Building and Wealth Preservation phases of your investing life and why they are not always tied to your age. How your asset allocation is tied to those phases and how to choose it. How to simplify the sometimes confusing world of 401(k), 403(b), TSP, IRA and Roth accounts. TRFs (Target Retirement Funds), HSAs (Health Savings Accounts) and RMDs (Required Minimum Distributions). What investment firm to use and why the one I recommend is so far superior to the competition. Why you should be very cautious when engaging an investment advisor and whether you need to at all. Why and how you can be conned, and how to avoid becoming prey. Why I don't recommend dollar cost averaging. What financial independence looks like and how to have your money support you. What the 4% rule is and how to use it to safely spend your wealth. The truth behind Social Security. A Case Study on how this all can be implemented in real life. Enjoy the read, and the journey! |
| financial advisor elderly parent: Protecting Your Parents' Money Jeff D. Opdyke, 2011-08-09 Wall Street Journal “Love and Money” columnist Jeff D. Opdyke offers a compassionate and highly effective handbook designed to help elderly parents manage their money. Protecting Your Parents’ Money is the essential guide to helping Mom and Dad navigate the finances of retirement, covering such topics as understanding Medicare, preventing elder fraud, and the hunt for a quality, affordable retirement home. Protecting Your Parents’ Money is a book everyone should own, as members of the Baby Boomer generation find themselves dealing with the many financial problems surrounding aging parents, and face their own future as seniors. |
| financial advisor elderly parent: Men As Caregivers Betty J. Kramer, PhD, Edward H. Thompson, Jr., PhD, 2001-12-27 Today, more and more caregivers are male. Despite this fact, the vast majority of research on caregiving has centered on the experience of the female caregiver. This volume addresses the fundamental gap in our knowledge and theories about the growing male subpopulation of caregivers. The authors identify the serious limitations that result from viewing men caregivers through the lens of women's experiences and call for an unbiased and fresh perspective in future research. Special consideration is given to men who care for a family member with dementia; fathers of adult children with mental retardation; gay male caregivers for partners with AIDS; and sons and parent care. |
| financial advisor elderly parent: The Sandwich Generation Ronald J. Burke, Lisa M. Calvano, 2017-02-24 Rising life expectancy has led to the growth of the ‘Sandwich Generation’ – men and women who are caregivers to their children of varying ages as well as for one or both parents whilst still managing their own household and work responsibilities. This book considers both the strains and benefits of this position. |
| financial advisor elderly parent: The Living Trust Advisor Jeffrey L. Condon, 2016-03-25 A comprehensive guide to living trusts, with expert financial and legal guidance The Living Trust Advisor is an expert guide for both advisors and their clients on the complex process of establishing, living with, and maintaining a living trust. Written by renowned family inheritance attorney Jeffrey L. Condon, this book discusses the various aspects of this important document, and shows you how to manage a seamless transfer of assets to various beneficiaries. This new second edition has been fully updated and revised to reflect the extensive changes to the Estate Tax Law that have taken place since the initial publication, giving you the most up-to-date information and guidance on preserving your wealth and helping your heirs avoid estate tax liability. You'll develop a vision for your trust before you ever meet with an attorney or other key players, and learn how to establish and maintain a trust that remains rock-solid for your lifetime and beyond. As the living trust has replaced the will as the primary means of settling after-death estates, clear guidance and current legal information is of utmost importance for advisors and clients alike. This book is a valuable resource for every stage of planning and execution, helping you ensure that you provide for your beneficiaries the way you intend. Know what to think about before your first meeting with a lawyer Establish and manage your living trust to carry out your wishes Identify potential inheritance problems and build solutions into the trust Distribute assets to future generations, and protect them after the transfer Dealing with complex financial and legal issues while facing our own mortality is a difficult task, but making these decisions is critical to the future outcome of your estate. The Living Trust Advisor expertly guides you through the process so you can be confident that your wishes will be carried out. |
| financial advisor elderly parent: Representing the Elderly Client Thomas D. Begley (Jr.), Jo-Anne Herina Jeffreys, 2004-01-30 Are you ready to go beyond advising and planning to actively advocating the interests of your elderly clients? You can be, with this two volume handbook from two veteran elder law advocates. In a systematic and practical fashion, the authors address each key practice issue and provide an overview of the basic rules and guiding statutes/regulations, in-depth analysis of elder law practice together with guiding case law, and step-by-step explanation of the advocacy process, revealing how law operates in the real world and where things can go wrong. Plus you'll get their practice-tested minisystem for effective advocacy. After an introductory section explores basic principles, Representing the Elderly Client: Law and Practice addresses the six areas you'll encounter most often: Medicaid Special Needs Trusts Medicare and Managed Care Elder Abuse Nursing Home and LTC Facilities Intra-family and Postmortem Advocacy for Elderly Clients and Heirs. Practice forms, flowcharts, and tables put all essential information at your fingertips. The forms contained in the Author's Advocacy Mini-systems will save you hours of preparation time. Start finding effective solutions to your elderly clients' problems with Representing the Elderly Client: Law and Practice. Along with your Representing the Elderly Client two-volume print set, you'll receive a FREE CD-ROM containing word processing documents used in handling some of elder law's most complex concerns. |
| financial advisor elderly parent: Peace of Mind for Your Aging Parents Kenneth O. Doyle Ph.D., Larry K. Houk JD, 2018-06-21 Explains the most effective ways to discuss the legal and financial responsibilities that come with the end of life and tools for managing them—such as wills, trusts, estate planning, and cash management—in the context of financial psychology. Dying is complicated. It presents myriad challenges at a time when people are least prepared to deal with complexity. Typically, aging people turn to their adult children and grandchildren, their caregivers, and their professional advisors to guide them in their final years. This book is aimed directly at the children and grandchildren of aging parents to prepare them for meaningful conversations with their parents and among themselves. It gives them the tools they need to communicate knowledgeably with caregivers and professional advisors and to make important decisions with, or on behalf of, those who depend on them. The authors provide legal and financial tools and techniques, including wills and trusts, cash management, and investment planning, approaching each from both a financial and a psychological perspective. They recognize that some of the challenges that people face during their last few years of life cannot be controlled and describe not only what these tools and techniques can do but also what they can't. Those that cannot be controlled, however, can still be managed, and the authors explain with clarity and compassion how to deal with them through psychological and spiritual engagement. |
| financial advisor elderly parent: They're Your Parents, Too! Francine Russo, 2010-01-26 Your parents are growing older and are getting forgetful, starting to slow down, or worse. Suddenly you find yourself at the cusp of one of the most important transitions in your life—and the life of your family. Your parents need you and your siblings to step up and take care of them, a little or a lot. To make the right things happen, you will all need to work together. And yet your siblings may have very different ideas from yours of what’s best for Mom and Dad. They may be completely uninterested in helping, leaving you with all the responsibility. Or they may take charge and not allow you to help, or criticize whatever help you do give. Will you and your siblings be able to reach an understanding and work together, or will the challenges you face tear you apart? Most of us enter this period of our lives unprepared for the difficult decisions and delicate negotiations that lie ahead. This is the first book that provides guidance on the transition from the “old” family to the “new” one, especially for adult siblings. Here you’ll find practical advice on a wide range of topics including • Who will make major medical decisions, manage finances, and enforce end-of-life choices if your parents cannot? And how will this be decided and carried out? • How will you negotiate caregiving issues and deal with unequal contributions or power struggles? • How can inheritance and the division of property, assets, and personal effects be handled to minimize hurt feelings and resentment? • How will you cope with the natural reemergence of unresolved childhood rivalries, hurts, and needs? • How can caring for your parents be an enriching experience rather than a thankless chore? • Most important, how can you ensure the best care for your parents while lessening conflict, guilt, anger, and angst? Written by a veteran journalist who chronicles life and how baby boomers live it, They’re Your Parents, Too! offers all the information, insight, and advice you’ll need to make productive choices as you and your siblings begin to assume your parents’ place as the decision-making generation of your family. Filled with expert guidance from gerontologists, family therapists, elder-care attorneys, financial planners, and health workers; resonant real-life stories; and helpful family negotiation techniques, this is an indispensable book for anyone whose parents are aging. |
| financial advisor elderly parent: The Conscious Caregiver Linda Abbit, 2017-09-05 Linda Abbit, founder of Tender Loving Eldercare and a veteran of the caregiving industry, shares her advice on taking care of an older parent or loved one and how to handle everything that goes along with this dramatic life change. Being a caregiver can be a difficult role. It requires patience, tenderness, selflessness, and hard work. Providing care for someone, whether it’s a parent, a loved one, or as a professional requires a high level of self-love and self-care. But while it may be a rewarding experience to care for a loved one, the emotional and physical stress of caregiving can lead to burnout and exhaustion—causing caregivers to put themselves and their own well-being in the background. How can you fulfill your role as a caregiver without losing yourself? Conscious Caregiver teaches you how to navigate caring for your loved one, whether it’s full-time in-house caregiving or hiring support from outside services. With information on how to talk to your loved ones about the situation, handle the emotional stress, stay financially secure, and take the time to care for yourself, this guide can help you care for your loved one and yourself at the same time. |
Helping Elderly Parents - Johnson Financial Group
then would have complete responsibility for a parent’s care, finances and overall wellbeing. The family might also choose to meet with a financial advisor to discuss a financial plan for costs …
Financial Care for Your Aging Parent - self-counsel.com
are common. Finding all their relevant legal and financial documents can feel overwhelming. This book aims to provide you with the tools you need to — • prepare for the possibility of taking on …
Comprehensive Checklist for Family Caregivers of Aging …
- Consult a Financial Advisor - Seek professional guidance on managing assets and planning for long-term care costs.
Six Steps to Living Well While Caring for Aging Parents
Financial help: If your parents have a low income, you can look for services through some of the following nonprofit agencies, some of which provide low cost care management services.
Establishing a Caregiving Plan for an Elderly Parent
You may want to sit with a financial advisor to address the financial costs associated with your parent’s care, assess what contributions your parent and other relatives can make, prepare a …
A Guide for Adult Children - Senior Lifestyle
This ebook explores emotional, financial, legal and residential concerns you might encounter when caring for an aging parent. Use the tips detailed here to help your parent(s) get the care …
Aging parents checklist - The Zebra
Financial power of attorney Estate plan Insurance cards Life insurance policy End-of-life instructions Birth certificate Social security card List of online usernames and passwords List …
Caring for a sick or elderly loved one: A financial checklist
Sep 11, 2020 · Take this opportunity to review your situation and consider asking your advisor the following questions: • What are the implications if my parent is unable to make their own …
Financial Advisor For Elderly Parents Full PDF
as a Certified Professional Consultant on Aging This her latest financial planning title covers the key decisions that every adult child of an aging parent must make in order to provide loving …
Convincing an Elderly Loved One to Accept Help
Getting an outside expert-such as a financial advisor, or elder law attorney- to provide professional guidance can make an elder more receptive to new information. Pick your battles: …
Introducing the Fundamentals of Financial Planning
• caring for an elderly parent • Assisting adult children • consolidating your investments and other financial accounts wherever possible to build a simplified process for managing cash flow • …
Learn About Caring for an Elderly Parent
Deciding when an aging parent requires daily care can be difficult. The signs and symptoms can be as subtle as the existence of unopened mail or as dramatic as a sudden crisis that requires …
Challenges facing financial planners advising ageing clients …
Financial planners must recognise clients with this condition before advising on a range of financial matters (Dew, 2015), which include investing to provide adequate retirement income, …
Arranging for someone to make decisions on your behalf
This factsheet looks at how you can arrange for other people to make decisions about your finances and health and care if you think you may lose the mental capacity to do this in the …
Preventing elder QDQFLDODEXVH - Consumer Financial …
Elder financial abuse is a significant and growing problem in the United States. § Financial abuse is a common form of elder abuse. A 2017 review of U.S. studies found that about 5.6 percent …
20 Legal Documents Needed To Care For Elderly Parents
The following 20 documents will not only protect the senior’s legal rights, they will also help their adult children know their wishes, allowing for important decisions to be made when that time …
Loss of a Parent Checklist - FamilyEducation
Notify a financial advisor or CPA to act on filing a final tax return. Send a copy of the death certificate to one of three major credit bureaus, Equifax, Experian, or TransUnion to prevent …
Tips for Siblings Caring for Ageing Parents - mwhcp.org.au
relative or a professional such as a financial advisor who could help you persuade Mum. Make clear your limitations in providing the support that your mother can afford to pay for. Your sister …
Taking Care of Elderly Parents Creates Financial Strain on …
A recent survey by HSBC Premier of affluent individuals shows that 9 out of 10 respondents from mainland China, Hong Kong, and Singapore support their elderly parents financially.
Helping Elderly Parents - Johnson Financial Group
then would have complete responsibility for a parent’s care, finances and overall wellbeing. The family might also choose to meet with a financial advisor to discuss a financial plan for costs …
Financial Care for Your Aging Parent - self-counsel.com
are common. Finding all their relevant legal and financial documents can feel overwhelming. This book aims to provide you with the tools you need to — • prepare for the possibility of taking on …
Comprehensive Checklist for Family Caregivers of Aging Parents
- Consult a Financial Advisor - Seek professional guidance on managing assets and planning for long-term care costs.
Considering a financial caregiver? Know your options
Ask your broker or banker to send a copy of your statements to your daughter or accountant. Ask a trusted friend or relative to join when you visit your banker or financial adviser. You can add …
Six Steps to Living Well While Caring for Aging Parents
Financial help: If your parents have a low income, you can look for services through some of the following nonprofit agencies, some of which provide low cost care management services.
Establishing a Caregiving Plan for an Elderly Parent
You may want to sit with a financial advisor to address the financial costs associated with your parent’s care, assess what contributions your parent and other relatives can make, prepare a …
A Guide for Adult Children - Senior Lifestyle
This ebook explores emotional, financial, legal and residential concerns you might encounter when caring for an aging parent. Use the tips detailed here to help your parent(s) get the care …
Aging parents checklist - The Zebra
Financial power of attorney Estate plan Insurance cards Life insurance policy End-of-life instructions Birth certificate Social security card List of online usernames and passwords List …
Caring for a sick or elderly loved one: A financial checklist
Sep 11, 2020 · Take this opportunity to review your situation and consider asking your advisor the following questions: • What are the implications if my parent is unable to make their own …
Financial Advisor For Elderly Parents Full PDF
as a Certified Professional Consultant on Aging This her latest financial planning title covers the key decisions that every adult child of an aging parent must make in order to provide loving …
Convincing an Elderly Loved One to Accept Help
Getting an outside expert-such as a financial advisor, or elder law attorney- to provide professional guidance can make an elder more receptive to new information. Pick your battles: …
Introducing the Fundamentals of Financial Planning
• caring for an elderly parent • Assisting adult children • consolidating your investments and other financial accounts wherever possible to build a simplified process for managing cash flow • …
Learn About Caring for an Elderly Parent
Deciding when an aging parent requires daily care can be difficult. The signs and symptoms can be as subtle as the existence of unopened mail or as dramatic as a sudden crisis that requires …
Challenges facing financial planners advising ageing …
Financial planners must recognise clients with this condition before advising on a range of financial matters (Dew, 2015), which include investing to provide adequate retirement income, …
Arranging for someone to make decisions on your behalf
This factsheet looks at how you can arrange for other people to make decisions about your finances and health and care if you think you may lose the mental capacity to do this in the …
Preventing elder QDQFLDODEXVH - Consumer Financial …
Elder financial abuse is a significant and growing problem in the United States. § Financial abuse is a common form of elder abuse. A 2017 review of U.S. studies found that about 5.6 percent …
20 Legal Documents Needed To Care For Elderly Parents
The following 20 documents will not only protect the senior’s legal rights, they will also help their adult children know their wishes, allowing for important decisions to be made when that time …
Loss of a Parent Checklist - FamilyEducation
Notify a financial advisor or CPA to act on filing a final tax return. Send a copy of the death certificate to one of three major credit bureaus, Equifax, Experian, or TransUnion to prevent …
Tips for Siblings Caring for Ageing Parents - mwhcp.org.au
relative or a professional such as a financial advisor who could help you persuade Mum. Make clear your limitations in providing the support that your mother can afford to pay for. Your sister …
Taking Care of Elderly Parents Creates Financial Strain on …
A recent survey by HSBC Premier of affluent individuals shows that 9 out of 10 respondents from mainland China, Hong Kong, and Singapore support their elderly parents financially.
