Parental Financial Support
Erin discusses the financial burden adult children may face when parents need support due to disability or lack of retirement savings. She highlights the complexities of Medicaid eligibility and the potential need for children to step in financially. Planning ahead and having open conversations are crucial in navigating these challenges.In this clip
From this podcast
All the Hacks
Money Talks: Navigating Uncomfortable Conversations with Loved Ones with Erin Lowry
Related Questions
How do you figure out retirement medical expenses in the episode 481 | Mailbag: Long-Term Care, Aging Parents and their Finances | Danielle Miura and the clip Long-Term Care Funding?
How does my mom (who is 61) optimize her retirement accounts to ensure she and my dad are saving enough for 30+ years of retirement starting in 3 years, while also earmarking money for gifts, charity, and carefree spending?