Tips for how caregivers can talk about money and finances with elderly parents. Financial discussions shouldn’t be taboo as your parents age. Failing to talk about money matters with your parents could put you in a difficult position when it’s time to take over their financial decisions.
People are living longer in retirement, which means many are at risk of outliving their savings. Retirees who carefully manage their spending are more likely to weather market fluctuations well and make their nest eggs last.