retirement

Caring for elderly parents' finances

At the first signs of problems
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At the first signs of problems

When Mom or Dad start forgetting things or become confused, go one step further. "Sit down and review things with them like investments. Perhaps get online access to see how the accounts are doing, review tax returns, check on insurance. Start to get an overview of where things stand," says McNabb.

"Make sure you're trying to be very respectful and not take over," McNabb says, "but try to keep a discussion going about the decisions that are to be made."


 

 

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