On the Road: Caring for An Aging Parent (On the Road Series)

On the Road: Caring for An Aging Parent (On the Road Series)

by Sheryl " Garrett
     
 

Caring for an aging parent can be an overwhelming financial burden, especially if that parent becomes completely incapacitated. Yet many people don't anticipate elder care-until a decisive incident triggers the need for action. Caring for an Aging Parent helps readers develop a plan and set priorities. Covering all the bases, this guide gives readers sensibleSee more details below

Overview

Caring for an aging parent can be an overwhelming financial burden, especially if that parent becomes completely incapacitated. Yet many people don't anticipate elder care-until a decisive incident triggers the need for action. Caring for an Aging Parent helps readers develop a plan and set priorities. Covering all the bases, this guide gives readers sensible information they need to know-from choosing housing options and paying for a nursing home, to knowing what to expect from Medicaid and Social Security.

Editorial Reviews

Library Journal - Library Journal
Certified Financial Planner Garrett (Money Without Matrimony: The Unmarried Couple's Guide to Financial Security) has been named one of the best in her field by Investment Advisor and Financial Advisor magazines, so she is well equipped to dispense advice on preparing for life's financial milestones. This eight-volume series, which she edits, helps readers navigate their particular stretches of the superhighway of life, whether they are just starting out, saving for their children's college education, planning an estate, or surviving the loss of a spouse. The volumes are concise and practical with running motifs of roadmaps and travel. Caring for an Aging Parent, for instance, focuses on planning for the financial welfare of aging parents, but it offers advice that is equally useful to retirees themselves, covering practical issues such as budgeting, life insurance, and Medicare. The author makes complex concepts like reverse mortgages and living trusts easy to grasp and explains how early retirement affects social security benefits. A separate volume covers estate planning in more detail, but Garrett elucidates the basics here. Meanwhile, targeting the other end of the age spectrum, Starting Out addresses issues like establishing credit and keeping debt under control-with lots of emphasis on budgeting, mapping out assets and liabilities, and tracking credit card purchases. Plenty of sensible territory is covered, e.g., whether to buy a new or used car and renting an apartment and buying a house (explained more fully in Buying a Home). Negotiating and getting the most out of employment benefits packages and saving for the future are addressed, as well as the investment landscape of interest, stocks, bonds, and financial planners. All of the books are peppered with helpful financial work sheets, checklists, and questionnaires. Garrett even offers advice on mundane but important issues like home improvements to increase senior safety or used-car considerations. The volumes may be purchased individually, but the entire set would make a handy addition to any public library business collection.-Carol J. Elsen, Univ. of Wisconsin, Whitewater Copyright 2006 Reed Business Information.

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Product Details

ISBN-13:
9781419500435
Publisher:
Kaplan Publishing
Publication date:
01/01/2006
Series:
On the Road
Pages:
168
Product dimensions:
5.00(w) x 7.38(h) x 0.36(d)

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