Kyle’s 84-year-old father called with good news: He had won a sweepstakes! He just needed to pay a fee to collect a very large cash prize. Kyle was instantly suspicious. “Dad, this sounds like a scam. Did you even enter a sweepstakes?”
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It wasn’t until his dad became the victim of a scam that Kyle thought to take a closer look at his parents’ finances. Kyle’s 84-year-old father was past due on his insurance bill, yet he was regularly paying for internet service — even though his computer hadn’t worked in years! Credit card statements showed his mom had purchased tons of stuff from TV shopping channels – none of which she remembered buying.
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An elderly parent’s aging process can be difficult for not only you and your siblings, but also for your parent. While you may realize that your parent now needs in-home senior care, it can be difficult for your mom or dad to admit that she or he needs help.
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As your parents age, you know that they will eventually need care of some kind. While this thought can be at once scary and stressful, take comfort knowing that you can plan now to brighten your parents’ golden years for the whole family.
