When it comes to helping our aging parents or loved ones move forward in their lives, one of the areas of concern is often their finances. Will they have enough? Do they require help with their day-to-day financial responsibilities? Do they have what they need to be financially and legally protected?
In this episode of Moving Forward Radio, our special guest is Janet Gray of Money Coaches Canada. Janet has years of professional experience as a financial advisor and also has aging parents of her own. You will learn how to begin the conversation with your aging loved ones, including what to ask when it comes to their finances and future wishes.
DOWNLOAD THE TRANSCRIPTION OF THE INTERVIEW
Resources:
“Having the Talk with Your Aging Parents: The 40/70 Rule”: It’s never easy watching a loved one who is aging go through the transitional process that a later stage of life brings. From wondering if a parent is capable of taking care of their home, to being able to drive safely, to ensuring financial matters are taken care of; these topics are sensitive to discuss with aging parents. This comprehensive guide will help you with conversation starters and tips to help you help your aging parents and loved ones.
“Peace of Mind Checklist for Aging Parents & Loved Ones”: Dealing with an aging parent or a loved one can be very challenging, exhausting and overwhelming. Often you don’t even know where to start or how to begin having a conversation about what they need now and what they will need in the future. This checklist covers all areas of their lives including personal care, driving, safety, home maintenance, emotional care, and financial & legal matters.
Books:
Parenting Your Parents: Straight Talk About Aging In Your Family
How to Talk to Your Senior Parents About Really Important Things
Group:
ABOUT JANET GRAY, CFP®, CHS, EPC, CPCA
Janet specializes in financial planning for cash flow, debt management, and life transitions such as retirement, divorce, and career change. Janet’s style is warm, calm and reassuring. She believes that every journey is accomplished one step at a time, and that financial decisions should never be based on an emotional response. As a money coach, Janet believes in honesty—in serving her clients’ interests by laying all the details bare, the good and the bad. Next, she believes that the relationship is a partnership and works to empower and equip her clients so they can confidently play their part. With this approach and ethic, she proudly coaches her clients in how to live their best lives.
