203-Ideas to Help in Caring for Your Older Parents' Financial Well-Being
Radical Personal Finance
Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP
4.2 • 1.9K Ratings
🗓️ 27 May 2015
⏱️ 78 minutes
🧾️ Download transcript
Summary
Many of find ourselves in a situation where we are concerned about the financial well-being of our parents. Obviously, we'd like to help, if possible.
But, this is rarely easy. There are many, many challenges that can emerge. In essence, to truly answer these questions you'd not only have to have all of the skills of a financial planner, but also the background of a relationship counselor, a life coach, and more!
It ain't easy!
I created this show as an overview of ideas that may be able to help you get involved and to help your parents. Some of the ideas are technical financial suggestions, others are more practical and relationship-oriented.
The show is structured around:
- Ideas to help create a great life of good health.
- Ideas to help in case of the need for long-term care.
- Ideas to help plan your parents' estate to make the estate settlement process smoother.
I hope it's useful to you!
Joshua
- Support Radical Personal Finance on Patreon! http://radicalpersonalfinance.com/patron
Transcript
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| 0:26.0 | This is a high-risk investment and you should not expect to be protected if something goes wrong. |
| 0:30.0 | Do you find yourself in a situation of starting to think about and care for your parents' financial futures? |
| 0:40.0 | If so, I've got some ideas in today's show that may be useful to you. This is a situation that many people all over the world are finding themselves in with increasing frequency. |
| 0:51.0 | And I'm going to share with you some tools and tips and tactics that I think will be helpful to you |
| 0:58.0 | to be able to guide them through their own ideal financial future. Welcome to the Radical Personal Finance Podcast. My name is Joshua Sheets. I'm your host. This is |
| 1:23.4 | episode 203 of the show. An episode by special request today. One of the benefits that some of the patrons of the |
| 1:31.6 | show yet at the highest levels of patronage, |
| 1:34.0 | is the opportunity to have me create an entire show |
| 1:37.0 | around a specific question, that's what today is. |
| 1:39.0 | One of the patrons of the show has some parents who are aging |
| 1:42.0 | and ask me for some input on things |
| 1:44.9 | that they can do to help. So today's show is an output of that question. |
| 1:54.5 | Trying to put together some ideas in general that I think will be helpful to this particular |
| 1:58.6 | listener and also to the audience in general. |
... |
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