Don’t Delay in Talking Finance with an Aging Parent

Author

Frasier

For more information about the author, click to view their website: Frasier Meadows

Posted on

Apr 25, 2023

Book/Edition

Colorado - Boulder County

KEY POINTS:

  • Waiting to talk to an aging parent about their financial future until they experience cognitive decline is a mistake, financial advisors say. The time for that chat is while they’re still working.
  • “Ask questions to get a clear understanding of your parent’s financial situation,” said Patti B. Black, CFP and partner at Bridgeworth Wealth Management in Birmingham, Alabama. “But know that gathering information may take several conversations.”
  • Make sure your elderly parent has a financial advocate to assist with responsibilities around money.
  • For the complete informative article, click here.


If you have any questions, please call Fraiser Meadows at 720-562-4473.

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Frasier

Independent Living 350 Ponca Place, Boulder, Colorado, 80303

Frasier is an independent not-for-profit, mission-driven senior living community. We offer a wide range of comfortable apartments with different floor plans, many with panoramic views of the Flatirons in our independent living buildings, The Peaks, and The Prairies. Frasier is a Life Plan Community offering the full continuum of care.