As more Americans are living longer, children have facing the situation of having elderly parents who need assistance with their finances.  People are outliving their retirement accounts and finding themselves in a tough financial situation.  Children who may also be struggling with their own finances now have the added responsibility of helping their parents.  Planning and communication can make this situation easier and less stressful for everyone.

For more about this subject read, “When Aging Parents Need Financial Help.”

Image credit:  Akash_Kurdekar