Caring for Aging Parents

The reality for many of us in North America ... we will be dealing with the care issues of a parent/family member for 10-15 years. 


These issues did not exist a generation ago. Life expectancy was  only the late 60's for men and early 70's for women. Today more people are living beyond 90-100 and care in one shape or another can last 20 to 25 years. 


This can be both emotionally draining and can severely impact the financial resources for care givers and their families. 


But there are some things that can be done to simplify this process and take some of the burden from family so the transition to care can run more smoothly.


(Make sure to watch the video below "The Curse of Long Life". Very informative conversation.)

Care Giving Realities

Taking care of family is something many baby boomers are starting to face.  Working, dealing with grown children and spending time helping your parents  has become more work than many had anticipated.

Some parents are fully independent and can live on their own, some need support  but can still live their own home or live in a insisted living home, while other need around the clock card of a total care facility.

Many try to go it alone and this can have drastic consequences on both their parents and the caregiver.  Check out this series from the PBS show Life Part 2

Life (Part 2) Caregiving - Can caring for an ailing loved one kill you? "Yes," say health professionals. When Baby Boomers care for aging parents, frequently the last person they're thinking about is themselves. This can be deadly.


Check out the video and website for more information >>

This article provided by Mike Hassard. For ideas on financial concerns surrounding aging, downsizing go to my personal blog http://mikehassard.blogspot.com.

Facing the Future Together

There are many challenges that face the Boomer Generation when it comes to tending to a beloved parent(s).


 There is constant worry and guilt – are you spending enough time with them, how can you fit in the time for doctors’ appointments, phone calls, helping with little chores……dealing with other family members. So often we lose ourselves in the chaos of helping others. This is normal, and you are not alone!

Boomer Sandwich

The baby boomers have lived an active life, but now they are sandwiched by young adult children moving back home and the added responsibility of taking care of aging parents.


Boomers are coming to terms with the their own mortality too. Many are used to a running marathons, skiing in dangerous terrain or biking long distances, but their bodies can't seem to keep up.



Check out this video from CNN - Boomers Sex drugs and rocky road

Boomers and Parents Rescheduled May 17th

By request we have moved our seminar to the following week to May 17th.


Are you like most of us Baby Boomers dealing with the challenge of an aging parent(s)? Are you prepared?


Join us for our next Boomers and Parents seminar ... more information on our upcoming events page >>

Time to Downsize

The retirement reality is hitting baby boomers much harder than expected. For many the family home (or should I say the equity in your home)  has become the hope of retirees, and downsizing is the buzz word in the financial community.

The idea is a good one. Sell your large 2,000 - 3,000 square foot home to buy a less expensive smaller home, town home or condominium and invest the difference to create income at retirement. 

Add to this many baby boomers are dealing with downsizing their parents, downsizing is an issue that many families will be dealing with for next 10 to 15 years. So the question if downsizing is such an easy solution ... why is it so hard to do?