Have you ever been overwhelmed at the thought of caring for your aging parents? You're not alone. We tackle this monumental topic head-on, sharing our personal experiences and practical advice. From handling doctor's appointments to dealing with the emotional toll, we delve into the dynamics of this difficult transition. We also underline the importance of professional help in managing our emotions and emphasize the value of support groups.

Our special guest, Kathy Devine, CPA, is back to shed light on the financial aspects involved in elderly care. She stresses the importance of having an organized financial plan and provides expert insights on Medicare benefits, long-term care insurance, and the potential pitfalls of reverse mortgages and Medicare Advantage plans. Kathy's invaluable knowledge about balancing the cost of long-term care insurance premiums with the peace of mind it provides is a must-listen for anyone navigating this complex journey.

In the concluding part of our enlightening discussion, we turn our focus to the financial and organizational aspects of caring for aging parents. We bring up the importance of understanding life insurance policies and suggest creating a comprehensive notebook to help plan their care. Kathy shares her personal journey and the helpful tool she created - a spreadsheet to streamline the planning process. Tune in to our informative episode and arm yourself with necessary insights and tools needed in this important phase of life.


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