Helping Aging Parents Manage Their Money

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I live close by, my parents gamble a lot and are pretty good about money management but are now bickering between themselves about what to do, one ofthem has been in control of the finances and is no longer top notch in that area, slowing down mentally a little(lifetime smoker) so there is stress there. Most of their stuff is in annuities so I think they are ok.

middle girl of TX 1:12PM April 19, 2013

i am k v pathrose from kerala state in india i amworked as a painter last 55 years now i am aged above 75 years for balance life i am wanted money can you give a donation to me i wife above65 years now our income only working as a sweeper my son accont no also enclosed at STATE BANK OF TRAVANCORE AT PERUMBAVOOR NO 67093090839 HELP ME MY FAMILY K V PATHROSE

K V PATHROSE of CO 3:54AM November 29, 2012

Hello::
Me as a older person now. And after reading the above. I,m not 79 yet but I'm getting there, if I can hold out.
It would be hard to turn over things like that. You feel at if your giving up a lot of your independence and of yours self. A after a while I would think you might start to lose that inter self insurance that in a lot cases helps a person to keep a sane mind. I do know that some day it's going to happen. But you as a person of independence you hold on for as long as you are able to. Old father time is right on our heels any way.
And me as person at this stage of my life it's going to be very hard. And I do love all my kids very much. Shouldn't say kids the youngest one is 34.
thanks for taking time to read this note.
Fil.Arredondo

Fil.Arredondo of MO 11:51AM June 16, 2012

Jenn, You are so right that families need to get involved and stay involved. I worry all the time that my dad will get ripped off and I'm always trying to think of new ways to keep that from happening. It's a daily challenge, especially when like me, you don't live close by.

Cindy of GA 8:42AM June 06, 2012

Glad to see that there are more posts about this subject matter recently as I think it is a topic often overlooked. Unfortunately, the elderly are often taken advantage of and it is up to families to protect them. The best thing about your post is that it encourages families to be more proactive in this matter. As with anything but especially when it comes to personal finance, prevention is better than the cure.

Jenn of IL 5:12PM May 30, 2012