Hi Jan,
With Thanksgiving just around the corner, many of us are turning our attention to family. And while the holiday is often a time for celebration and connection, it can also be a natural moment to reflect on the responsibilities that come with caring for those we love.
This week’s article focuses on one of the quieter, often overlooked aspects of retirement planning: financial caregiving. Whether you're thinking about how to support aging parents or preparing for someone else to someday support you, having a plan in place can make all the difference. These conversations may not be easy, but they are often what keeps a difficult moment from becoming a crisis.
We are also sharing a few additional resources to help you take the first step. If this topic is on your mind, now is a great time to start the conversation.
| | | | The Financial Side of Caregiving That Families Often Overlook Most families are not prepared for the moment when someone must step in and take over another person’s financial life. Whether it happens suddenly or gradually, it happens far more often than people realize. Financial caregiving is the responsibility that ensures the mortgage is paid, insurance stays active, and the everyday financial obligations of life continue even during illness or incapacity.
By Retirement Researcher | | | | Caregiving Happens Quietly Until It Doesn’t Caregiving rarely announces itself with a big moment. More often, it starts with small shifts. You offer to handle a parent’s prescription order because the refill system “looks confusing.” You start attending doctor appointments to take notes and help make sense of the medical alphabet soup. Before long, you realize you are coordinating care, managing decisions, and carrying responsibilities that were never officially assigned to you.
By McLean Asset Management
| | | | Preparing for the Financial Side of Caregiving
Wade and Alex break down the practical realities of financial caregiving—from the documents that make it possible to the hurdles families often encounter when those documents are missing. They share stories and insights about what happens when you step into someone else’s financial life and offer advice on how to make that transition as smooth as possible. If you have aging parents or are thinking about who might someday step in for you, this episode is a helpful and realistic place to start.
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