1874: Caring for Aging Parents and Their Money

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.7 • 1.9K Ratings

🗓️ 3 September 2025

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

Financial journalist Beth Pinsker joins with a sneak preview of her forthcoming book My Mother’s Money: A Guide to Financial Caregiving (out this November). We dive into the realities of stepping in to manage a parent’s finances—what to do first, the documents you must have in place, the pitfalls of long-term care, and how to navigate banks, insurers, and even cable companies when they put up barriers. Essential listening for anyone with aging parents—or kids of their own.

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Transcript

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0:00.0	So Money episode 1874, caring for aging parents and their money.
0:06.5	You're listening to So Money with award-winning money guru Farnoosh Karabi.
0:11.3	Each day, get a 30-minute dose of financial inspiration from the world's top business minds,
0:16.5	authors, influencers, and from Farnoose yourself.
0:20.5	Looking for ways to save on gas or double your double coupons?
0:24.3	Sorry.
0:25.2	You're in the wrong place.
0:26.6	Seeking profound ways to live a richer, happier life.
0:29.9	Welcome to So Money.
0:32.9	I was in my mom's apartment one night, home from the hospital late.
0:36.7	All I wanted to do was watch television and eat junk food.
0:40.1	And her cable wouldn't work.
0:42.9	And so I called the cable company, you know how they have to reboot the box?
0:46.7	Yeah.
0:47.0	I wanted them to just reboot the box so that I could watch TV and relax for 10 minutes.
0:52.2	And they wouldn't reboot the box because I wasn't her. And I wasn't
0:56.4	an authorized user on the account. And they're like, you're going to have to call back in the
0:59.8	morning and send those power of attorney corps. Welcome to So Money, everybody. I'm Farnoose
1:04.6	to Robbie. And I'm really excited to welcome back my friend and fellow financial journalist
1:09.9	to the show, Beth Pinsker.
1:12.1	Beth has a new book coming out in early November called My Mother's Money, a Guide to Financial
1:17.3	Caregiving. I've already preordered several copies for myself and for many people I know because
	...

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