Managing Mom’s Money? Do It Right.

Stacks of unopened bills, calls from creditors, compulsive purchases from websites or TV shopping networks, donating sums of money to questionable charities – these may be the signs that it’s time to talk to Mom and Pop about managing their finances. It’s not an easy talk to have. And it’s not an easy job to do. Handling the finances for your parents, or other elderly relatives, involves more than just paying their bills. To understand what’s involved in carrying out …

More Filial Support Cases Ending Up in Court

Some 30 states have “filial support” or “filial responsibility” laws, which create a statutory duty for adult children to provide financially for their parents if the parents cannot otherwise pay. They’re based on the centuries-old moral principle of filial piety, which holds that adult children have a duty to respect, obey and personally care for elderly parents and relatives. >> Sign up for the AARP Money Matters newsletter Typically, these laws obligate adult children to pay for their indigent parents’ …

Say What? You’re Bringing Mom and Dad to the Job Interview?

Ok, so maybe some of us baby boomers deserve the “helicopter parents” label for the way we hover over our kids. Still, I can’t imagine accompanying my bearded 20-something son on a job interview. I may be in the minority here because taking Mom and Dad on job searches and to interviews appears to be a weird new trend. According to a 2012 survey of more than 500 college graduates, 8 percent said they had a parent go with them …

Help! Who Will Care for Baby Boomers When They Need It?

Many hands may not really make light work, but at least they help. The abundance of baby boomers means many can care for their aging parents. But a sobering report released today by the AARP Public Policy Institute shows that within the next 20 years, when boomers are in their 80s and need help of their own, there won’t be enough hands to go around. Consider these findings: In 2010, there were 7.2 potential caregivers (ages 45-64 or the average …

3 Things to Do Today to Prevent Falls

The phone calls from my Dad have come all too often. “Amy, your mother has had a fall,”  he’d say. I’d slide out of bed into my shoes and race to my parents’ apartment, sometimes meeting the emergency squad when I arrived.  We’d spend hours in the emergency room, grateful every time she came home without any broken bones or a concussion. Each fall set her back, increasing pain and limiting her mobility.  That resulted in less strength, poor circulation …

Moms Spread the Word: Sign Up for Health Care

Mother knows best. And backers of the new health care law want young adults to start listening when their moms say they need to have health insurance. Obama: Health Law ‘Working the Way It’s Supposed to’ The idea of having a major illness or accident without health insurance is a nightmare for parents but a fantasy for many young adults. That’s why health care experts have dubbed newly minted grownups, many of whom think they can do without insurance, as “young …