Seniors

50 Ways to Love Your Money - Caregiving

  • The Sandwich
    Generation Squeeze

    More than one in every eight Americans aged 40 to 60 is both raising a child and caring for a parent.1 Many people are "sandwiched" between raising young families and caring for older loved ones, placing some in an unprecedented financial strain.

  • #42 Have the Talk

    Caring for an aging loved one is tough.

  • #43 Get a Letter of Instruction

    The caregiver needs a list of important instructions.

  • #44 Write Wills

    This designates who will receive major assets after the person you're caring for dies.

  • #45 Establish Power of Attorney

    If people under your care can't make decisions for themselves for any reason, you need power of attorney to make decisions for them.

    1. Johnson A, et al, A Generation Caught Between Two Others. MSNBC.com. 2007