5 Tips: Helping Your Aging Parents Manage Their Finances

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5 Tips: Helping Your Aging Parents Manage Their Finances

5 Tips: Helping Your Aging Parents Manage Their Finances


9 MIN READ

 

As a society, we often find it hard to discuss financial issues. Having that conversation with loved ones can be even harder. In fact, according to the study by the National Endowment for Financial Education cited here, seven out of 10 adults find it hard to discuss financial issues with aging family members.

While these conversations may be difficult, they are necessary. You should have them before your parents need help. Waiting can only make the situation more difficult. You should make sure financial issues are dealt with ahead of time. The entire family should be aware of how financial issues will be handled as your parents age.

Source : https://blog.xyplanningnetwork.com/consumer-blog/retirement-tax-planning-6-things-you-must-know-0