• Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans

Subscribe to Updates

Get the latest finance news and updates directly to your inbox.

Top News

How Spouses, Ex-Partners, and Survivors Can Claim What They’re Owed

December 8, 2025

Americans Are Facing a Savings Crisis. Here’s What Keeps Them From Hitting Their Goals

December 8, 2025

Entrepreneurs Can Slash Monthly Expenses With This Lifetime 8TB Cloud Storage Deal

December 7, 2025
Facebook Twitter Instagram
Trending
  • How Spouses, Ex-Partners, and Survivors Can Claim What They’re Owed
  • Americans Are Facing a Savings Crisis. Here’s What Keeps Them From Hitting Their Goals
  • Entrepreneurs Can Slash Monthly Expenses With This Lifetime 8TB Cloud Storage Deal
  • Nvidia CEO Jensen Huang Works 7 Days a Week in ‘State of Anxiety’
  • 7 Must-Read Books That Will Make You a Better Leader in 2026
  • Only Hours Left to Save Big on this AI-Powered Stock Picker That’s Perfect for Entrepreneurs
  • Fix Your Drug Plan by Dec. 7
  • 10 States That Generate the Most Money in Agricultural Sales
Monday, December 8
Facebook Twitter Instagram
Micro Loan Nexus
Subscribe For Alerts
  • Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans
Micro Loan Nexus
Home » Totally Unprepared! Don’t Let This Be You And Your Aging Parents
Retirement

Totally Unprepared! Don’t Let This Be You And Your Aging Parents

News RoomBy News RoomSeptember 21, 20230 Views0
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Email Tumblr Telegram

Today is World Alzheimer’s Day, a global effort to raise awareness and challenge the stigma around Alzheimer’s disease. We read about it, we fear the disease and we still avoid discussing it with aging loved ones.

It’s not just our elders who fear delving into the subject of possible dementia. It’s us, too, the adult children. It’s too scary to think it could happen to our own family members. But it can, and when that happens, families experience extreme stress arising from zero preparation for this possibility.

Here are three tips that can help every family avoid extreme stress with aging parents in failing cognitive health, by discussion and planning.

It’s essential to understand that Alzheimer’s disease shows no mercy for anyone. The statistics are that at least one in three people aged 85 and up will develop this dementia. Knowing that, here are some basics every family needs to do about your elders’ future.

  1. Discuss legal needs. Know the reality that aging takes its toll on us. We can lose our independence in handling finances, doing our daily activities and managing our health. Elders need to ensure that someone is appointed to step in to do things when they can no longer do them. That means having legal documents—Durable Power of Attorney and Advanced Health Care Directives (also called “healthcare proxy” or similar names) as well as a will and/or trust. If you are an adult child, initiate the conversation, as they probably won’t bring it up on their own.
  2. Discuss money. Many people do need help as their health declines. Where do they want to be if/when that happens? Do they have assets to pay for help or an alternative living location with help? Do they expect YOU to provide help, whether you want to or not?
  3. Discuss their preferences. If you have a belief that you’d put mom in assisted living if she needed help every day, have you asked her if she were willing to do that? It’s unlikely that you can force such a choice on someone who is capable of expressing their wants.

If your loved one shows early signs of developing Alzheimer’s disease or other dementia, failure to plan for their caregiving needs is a serious mistake. The burden of that mistake can fall on your shoulders. When you take the time and put in the effort to bring up the topic and have a series of discussions about it, you’re many steps ahead of those who totally avoid the issues because it’s uncomfortable. Of course it’s uncomfortable! No one likes talking about it. But when you avoid it, you will sound like some of our clients at AgingParents.com, where we consult with families of elders on health, legal and financial matters. These are the comments of adult children, real cases, in which no one ever discussed the future of aging parents until after a crisis:

“Oh, this is horrible! We had no idea. My parents never prepared for any of this. We are lost, and feeling so much pressure. We work, we’re raising our kids, and we don’t know how to handle this!”

“We brought Grandpa across the country to live with us. We were completely clueless about what that would mean. It has totally disrupted all of our lives, he’s so demanding and needy. His dementia is progressing so fast.”

“I never got along with my mother. Now’s she’s pretty helpless. I don’t really want to watch over her and I can’t take care of her myself. I feel so guilty. I have to put her in a nursing home.”

The Takeaways:

You can set yourself apart from this kind of grief. Create a plan to address the issue with your aging parents. Put it on the calendar. Show up. Start the conversation. If your elders resist talking this through, persist. Gather allies and friends to help you. If you have no information, no legal authority to act, and no idea about how to manage possible caregiving needs, you will be stuck and stressed. Take care of yourself by doing what is necessary for your own peace of mind.

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Articles

How Spouses, Ex-Partners, and Survivors Can Claim What They’re Owed

Retirement December 8, 2025

Fix Your Drug Plan by Dec. 7

Retirement December 7, 2025

Foundations Of Health And Longevity In Retirement

Retirement December 6, 2025

Trump Accounts vs. Baby Bonds: Who Truly Benefits?

Retirement December 5, 2025

Balancing Health, Longevity and Finances

Retirement December 4, 2025

Dell’s $6B Gift Fixes A Small Flaw In Trump’s Child Accounts

Retirement December 3, 2025
Add A Comment

Leave A Reply Cancel Reply

Demo
Top News

Americans Are Facing a Savings Crisis. Here’s What Keeps Them From Hitting Their Goals

December 8, 20252 Views

Entrepreneurs Can Slash Monthly Expenses With This Lifetime 8TB Cloud Storage Deal

December 7, 20252 Views

Nvidia CEO Jensen Huang Works 7 Days a Week in ‘State of Anxiety’

December 7, 20255 Views

7 Must-Read Books That Will Make You a Better Leader in 2026

December 7, 20253 Views
Don't Miss

Only Hours Left to Save Big on this AI-Powered Stock Picker That’s Perfect for Entrepreneurs

By News RoomDecember 7, 2025

It helps entrepreneurs manage their portfolios and now it’s just $55 for life. Disclosure: Our…

Fix Your Drug Plan by Dec. 7

December 7, 2025

10 States That Generate the Most Money in Agricultural Sales

December 7, 2025

Bring Bitcoin Mining into Your Office Without Noise, Heat, or Hassle

December 6, 2025
About Us

Your number 1 source for the latest finance, making money, saving money and budgeting. follow us now to get the news that matters to you.

We're accepting new partnerships right now.

Email Us: [email protected]

Our Picks

How Spouses, Ex-Partners, and Survivors Can Claim What They’re Owed

December 8, 2025

Americans Are Facing a Savings Crisis. Here’s What Keeps Them From Hitting Their Goals

December 8, 2025

Entrepreneurs Can Slash Monthly Expenses With This Lifetime 8TB Cloud Storage Deal

December 7, 2025
Most Popular

6 Examples for Describing Yourself in an Interview (and Why They Work)

December 6, 20256 Views

Nvidia CEO Jensen Huang Works 7 Days a Week in ‘State of Anxiety’

December 7, 20255 Views

Airlines can’t add high-end seats fast enough as travelers treat themselves to first class

August 12, 20235 Views
Facebook Twitter Instagram Pinterest Dribbble
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact
© 2025 Micro Loan Nexus. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.