Struggling to keep up with home repairs for your aging loved one? You’re not alone. Many seniors live in homes that require critical safety modifications or repairs, but limited budgets and mobility challenges often hinder their ability to make these necessary changes. The good news is that help exists if you know where to look. From government grants to nonprofit programs and…
Money is a sensitive topic for seniors Managing financial matters is an important part of caring for an older adult. However, it can be tough to convince someone that they need help, even if all the signs are there. That’s why helping aging parents with finances (or your spouse or relative) requires a gentle approach. For example, if they’re forgetting to pay…
With fixed incomes and rising expenses, many older adults’ finances can end up strained. LendingTree shares 5 ways to help when aging parents are in financial trouble. You may have been financially dependent on your parents when you were younger, but as your parents get older, you may need to step in to help them manage their own finances. Fixed incomes, unexpected…
A Caregiver Notebook Can Relieve Caregiver Stress There are so many details involved in caregiving that nobody can remember everything. That’s where a good caregiver notebook can help. It’s a central place to keep track of important information about an older adult. Having everything you need to care for your loved one in one place saves time, reduces mental clutter, and…
Facing the reality of long-term care can feel overwhelming, but what if the single most powerful tool for navigating this journey wasn’t a complex financial product, but a simple conversation started with a number? Understanding the potential cost of care is more than just a budgeting exercise; it’s the crucial first step that transforms anxiety into action, unlocks hidden options, and empowers…
As your parents age, they may need more help managing their finances. This is a sensitive and complex topic, so it’s important to approach it carefully and with respect. LendingTree shares six tips to help you lay the groundwork and ease into the transition. As your parents age, you may need to help out a bit – or a lot – more. …
For retirees, rising inflation can present financial challenges. Attorney Lyle Solomon explains 4 key steps to managing retirement during times of rising inflation. For retirees, rising inflation can present financial challenges. By raising prices, inflation lowers the purchasing power of your savings. When choosing your retirement income strategy, it can be crucial to take into account higher inflation because it is often…
When caring for an older adult, it’s easy to put aside your own finances and focus on helping them. To plan for your own future, LendingTree shares five ways to protect your finances and build retirement savings while still supporting them. Don’t forget about your own financial needs in retirement According to AARP, approximately 1 in 5 adults in the U.S.…
Financial scams targeting seniors have become increasingly sophisticated and devastating. Older adults lose an estimated $36 billion annually to fraudsters who exploit trust, isolation, or cognitive changes. From “grandparent scams” to fake Medicare calls, these crimes often go unreported due to shame or confusion.
Talking about finances with aging parents can be challenging. But without planning and discussion, their assets might not end up where they would have wanted. LendingTree shares tips on how family caregivers can help their parents plan ahead to leave a financial legacy according to their wishes. Help aging parents distribute their savings in line with their wishes Caregivers who want…
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