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…
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. …
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.…
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…
Juggling a career and being a primary caregiver can feel exhausting and unsustainable. Before deciding to quit your job to take care of an aging parent full time, assess your financial situation by asking these 7 important questions from LendingTree. The demands of providing care for a parent or loved one can be steep. As illness or aging progresses, many people…
Not only does caregiving impact you physically, mentally and emotionally, it can also negatively affect your financial health. LendingTree shares 7 ways to protect your finances when you’re a caregiver. Becoming a family caregiver often doesn’t just impact you physically, mentally and emotionally – it can drain your finances too. A 2018 survey from Northwestern Mutual found that 68% of family…
Over the past year, the pandemic has put caregivers under increased financial stress in addition to increasing their caregiving responsibilities. LendingTree shares tips on how caregivers can maximize their budgets during the post-pandemic recovery. The pandemic has had a profound effect on seniors. Deaths and hospitalizations from COVID-19 were substantially higher among people aged 65 and up – many of whom…
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