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Hi Reader,
We've learned that many of the most important retirement decisions aren't only about finances. They're about family, communication, and preparing for moments that none of us hope will come.
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"I want to see senior citizens; I want to see their voice in every room into their 80s and 90s, and I want adult children to not feel that immense guilt and exhaustion from doing something to their aging parents."
TAMI CALAIS
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Don't Wait for a Crisis: How to Talk with Aging Parents
In this episode, I speak with Tami Calais, Aging and Change Coach, owner of Calais Senior Consult, and Motivational Interviewing Practitioner, about why families often delay difficult conversations with aging parents until a crisis leaves them with few choices.
We discuss how adult children can approach these discussions with empathy instead of urgency, why connection creates better outcomes than control, how having conversations earlier can help families avoid unnecessary guilt, and practical ways families can preserve a loved one's voice while planning for future care.
Key Takeaways:
- Why waiting for a health emergency often makes family decisions much more difficult and emotional
- How empathy creates safer conversations than immediately offering advice or solutions
- Ways adult children can support aging parents while respecting their independence and choices
- Why preserving an older adult's voice should remain the priority throughout every planning discussion
- Practical communication techniques that help families prepare before difficult care decisions arise
- And more!
You can catch every episode of The Simply Retirement Podcast on the website - or on your favorite podcast app.
CLICK TO TUNE IN 👇
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Related Links & Resources
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📄 Read
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👩👩👧👦 Connect & Participate
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Upcoming Workshop
Retirement is about more than your finances. It's also about creating a life you'll enjoy once work is no longer part of your daily routine.
That's why I'm excited to host a free live workshop with Joy Levin, Certified Professional Retirement Coach.
The Plan Nobody Hands You: Building a Life You'll Love After Work
Together, we'll explore the personal side of retirement and discuss practical ways to build purpose, structure, and meaningful connections beyond your career.
The workshop will be held on Tuesday, August 18 at 6:00 p.m. CT.
I hope you'll join us.
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The Simply Retirement Toolbox
👉 What Issues Should I Consider For My Aging Parents?
Becoming a caregiver for aging parents can be a drain emotionally and can carry financial ramifications both for parents and for the caregiver children. Helping you understand and manage the financial issues involved can make the situation a bit easier for all.
In this checklist, we cover a number of financial issues that you need to consider when faced with helping and potentially caring for aging parents, including:
- Be sure to review your parents’ finances to determine if they are able to manage their own expenses. There may be sources of income available to their parents that the parents are unaware of.
- It’s important to have access to their parents’ important documents such as any estate planning documents. You should have the names and contact information for any advisors your parents use, such as an attorney, financial advisor, or accountant.
- If your parents need long-term care, they will need to investigate ways to cover the cost. Medicaid planning or a reverse mortgage might be options.
- If your parents' estate is over a certain amount, they may have an estate tax issue. It’s also important to ensure that your parents’ beneficiary designations on insurance policies and retirement plans are up to date and reflect their wishes.
- It’s important for you to ensure that your parents’ tax situation is in order, managing any capital gains or losses, as well as fully utilizing any deductible medical expenses.
- Overall, it’s helpful to have a handle on all of your parents’ assets, liabilities, and all related financial issues, as a time may come when your parents are unable to manage their own affairs.
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Have more questions about retirement planning? Just hit reply to this email. I read and respond to every message. 😃
Keeping Retirement Simple,
Eric Blake, CFP®
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Retirement Is More Than Just a Math Problem.
Learn how our 3-step process can help you successfully navigate this decades-long transition—without overpaying the IRS!
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Content here is for illustrative purposes and general information only. It is not legal, tax, or individualized financial advice; nor is it a recommendation to buy, sell, or hold any specific security, or engage in any specific trading strategy.
All investing involves risk including loss of principal. Results will vary. Past performance is no indication of future results or success. Market conditions change continuously.
Information here is provided, in part, by third-party sources. These sources are generally deemed to be reliable; however, neither Blake Wealth Management nor RFG Advisory guarantee the accuracy of third-party sources. The views expressed here are those of Blake Wealth Management. They do not necessarily represent those of RFG Advisory, their employees, or their clients.
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RFG Advisory is an SEC-registered investment adviser. SEC registration does not constitute an endorsement of RFG by the Commission, nor does it indicate that RFG or any associated investment advisory representative has attained a particular level of skill or ability.
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