Savvy senior – Financial Caregiving: How to help elderly relatives with their finances

Dear Savvy Senior

Can you offer any tips on helping an elderly parent with their finances? My dad always handled the money when he was alive, but since he passed away last year mom has struggled to keep up.

Concerned Daughter

Dear Concerned,

Millions of adult children today serve as financial caregivers to their ill or elderly parents or other loved ones. They provide services like paying bills, handling deposits and investments, filing insurance claims, preparing taxes and more. Here are some tips and resources that can help.

Have the Talk

The first step in helping your mom is to have a thoug...