Helping Your Elderly Parents Manage Their Money

Helping Your Elderly Parents Manage Their Money

Each month we’ll spotlight one chapter from our 3-part eBook series,  "Caring for Our Aging Parents".  

This Month's Focus is taken from eBook #3, Chapter 1: “How to Help Your Elderly Parents Manage Their Money.”

The capacity of the elderly to manage their money and protect themselves from financial predators declines with age. Alzheimer’s disease, dementia, depression, a general decline in cognitive function, and other mental health issues, physical illness, or the side effects of medications can all lead to financial incapacity.  Income and assets can decline as result of poor spending habits, inappropriate investments, inflation, or the loss of a spouse.  Sadly, many elderly people also lose money to scams. Without intervention, they could lose money and assets that took a lifetime to accumulate. So how can you most effectively help your aging parents to manage their money?

For a glimpse of what’s inside this chapter, take a look at our video. To get the full story, please download our eBook or contact Mark Stinson: mstinson@faiwealth.com or 410-715-9200.

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