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Financial Planning Tips for Caregivers

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Financial Planning Tips for Caregivers

By Marlo Sollitto, Agingcare.com

Caregivers are often so focused on managing their parent’s health and financial needs that they don’t even think about their own future needs. Although your focus is on providing care for your loved one, it’s important to think about and prepare for your own future financial and caregiving needs. If you haven’t done it already, now is the time to start planning for own your retirement.

“How Can I Get Paid for Taking Care of My Elderly Parents?”

“It’s hard to find the time, but planning for your financial future is a necessity,” says Erika Mielke, a Wells Fargo Private Bank senior wealth planning strategist (wellsfargoprivatebank.com)”Thinking about the dollars and cents of your own retirement is the best way to ensure you have the funds you need as you age.”

Related:
4 Financial Mistakes Retirees Regularly Make
Important Paperwork: What to Keep and For How Long
How to Reduce Out-of-Pocket Medical Expenses

Financial Planning Tips for Caregivers originally appeared on AgingCare.com.

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AgingCare.com connects family caregivers and provides support, resources, expert advice and senior housing options for people caring for their elderly parents. AgingCare.com is a trusted resource that visitors rely on every day to find inspiration, make informed decisions, and ease the stress of caregiving.

15 comments

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3:18AM PDT on Jun 5, 2013

Regarding all aspects the blog was perfectly nice.
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7:11PM PST on Mar 1, 2012

Sound advise is always welcome, thanks for the post!

3:03AM PST on Feb 14, 2012

Thanks.

7:14AM PST on Feb 11, 2012

Helpful info - thanks for posting.

11:02PM PST on Feb 10, 2012

Good advice.

12:43PM PST on Feb 10, 2012

Thanks

9:31AM PST on Feb 10, 2012

Good article. Many of us have been or will be in caregiver positions with our elderly loved ones. Thanks.

7:30AM PST on Feb 10, 2012

lots of caregiver articles here. noted.

7:16AM PST on Feb 10, 2012

Thanks

3:33AM PST on Feb 10, 2012

Thought provoking article. Thanks

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Disclaimer: The views expressed above are solely those of the author and may not reflect those of
Care2, Inc., its employees or advertisers.

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