- AARP - http://blog.aarp.org -
6 Caregiving Tips for Your Kids (and You)
Posted By Life Tuner On May 31, 2012 @ 12:46 pm In Home & Family,Money & Savings | Comments Disabled
LifeTuner.org , AARP’s personal finance resource for young adults, is currently spotlighting an article from Care.com  writer Jody Gastfriend that offers 6 tips to help Millennials financially prepare for the possibility of caring for their parents.
With the average post-retirement health care costs estimated at around $240,000  without including long term care, the need for planning now, today, becomes pressing for the often underemployed Gen-Y. The money situation is further exacerbated by Boomers’ savings having shrunk and their support of both their children and their aging parents .
Here are 6 tips to help Millennials avoid a long term care disaster:
Be sure to visit the LifeTuner blog for a cautionary tale and the full article on the costs of caregiving .
Article printed from AARP: http://blog.aarp.org
URL to article: http://blog.aarp.org/2012/05/31/6-caregiving-tips-for-your-kids-and-you/
URLs in this post:
 Image: http://aarpblog.files.wordpress.com/2012/05/caregiving-costs.jpg
 LifeTuner.org: http://www.lifetuner.org
 Care.com: http://www.care.com
 estimated at around $240,000: http://blog.aarp.org/2012/05/09/the-takeaway-couples-need-240000-for-health-care-in-retirement/
 support of both their children and their aging parents: http://www.aarp.org/videos.video-name=Sandwich-Generation-Inside-E-Street/
 www.medicare.gov: http://www.medicare.gov
 financial planners: http://www.care.com/senior-care-11-strategies-for-managing-your-parents-finances-p1017-q9393641.html
 the costs of caregiving: http://lifetuner.org/blog/archive/2012/05/22/caring-for-your-parents-it-costs-how-much/
Copyright © 2013 AARP. All rights reserved.