Time marches on, for us and for those we care about. When we are young we think of our parents as permanent and only much later realize that isn’t the case. We all grow old and eventually die. That journey is difficult for us and for those who take on the responsibilities of helping us live our waning years with as much fulfillment as possible.
Financial Independence provides options. Early on in our adulthood, perhaps when we first hit FI, we are able to spend more time with friends and family, travel, and explore our passions. Something we don’t think about often is the option it provides to care for our parents, if necessary. And if it is us who are in the final stage, having our financial house in order reduces the stress of our caregivers.
Many who are reading this are likely many years away from their golden years but our parents may be entering them. This lesson in no way will cover your specific circumstances but it will give you some perspective and some general thoughts on the subject to help direct further research when warranted.
Read: In Memoriam: My Father by Doug Nordman of the-military-guide.com
Read: The New Old Age by Paula Span of nytimes.com
Explore: Prepare to Care: A Planning Guide for Families by AARP Foundation of aarp.org
Explore: Health and Humor for Caregivers by Leighann Lord of veryfunnylady.com
Watch: How to Relieve the Stress of Caring for an Aging Parent: Amy O’Rourke at TEDxOrlando by Amy O’Rourke of TEDx Talks on YouTube
Listen: Senior Caregiver Podcast by Bill Worthington of sunriseseniorliving.com
Take Action: Deeply consider your responses to the three questions below from Doug Nordman’s post above.
- What about you? Have you taken care of your financial independence?
- Would you like to have the time (and money) in your life to be there for your family?
- When the time comes, will your caregivers be able to take over your financial affairs?
Additional Resources:
Read: Showing Love: How Do I Help My Aging Parents? by Bob Lowry of satisfyingretirement.blogspot.com
Read: Long Distance Caregiving by Deb Hipp of satisfyingretirement.blogspot.com
Read: What is the Difference Between Alzheimer’s and Dementia by Bob DeMarco of alzheimersreadingroom.com
Quote: “No one is actually dead until the ripples they cause in the world die away.” – Terry Pratchett
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