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5 KEY FINANCE TIPS FOR CARING FOR AGING PARENTS


Approximately 43.5 million adults in the US care for their parents. Roughly 80% are over the age of 50. Being a caregiver can take an emotional and financial toll on you and your family. Having a plan in place will help.

  1. Make sure your parents have a Power of Attorney (POA) as there are many types
  2. Have your own care plan in place for the future (Long-term care insurance)
  3. Understand Long-term care coverage and costs and what is covered and not covered
  4. Make sure your siblings are on board regarding your parent's care plan
  5. Planning and understanding Medicaid based on your financial need

We can help you make sure that you have the right plan in place. Feel free to call us at 908-268-2356 or email sgfromme@goldenlivingguidance.com

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