We had a wonderful adult forum conversation yesterday about caring for aging loved ones and our own aging. Our focus was around planning for the legal and financial aspects of aging and dying, and how that planning is really a way of caring for those who love us and whom we love. Many great resources were mentioned by those in the discussion. Here are those that were shared:
Planet Money podcast on aging
“People in La Crosse, Wisconsin are used to talking about death. In fact, 96 percent of people who die in this small, Midwestern city have specific directions laid out for when they pass. That number is astounding. Nationwide, it's more like 50 percent. In today's episode, we'll take you to a place where dying has become acceptable dinner conversation for teenagers and senior citizens alike. A place that also happens to have the lowest healthcare spending of any region in the country.”
Boston Globe article about talking with your adult children about your financial, legal, and medical plans
“As parents, we care for our children until they can fend for themselves. Then one day, the roles are reversed. Our kids become the caretakers. Perhaps you won’t need assistance in your senior years. You would be one of the lucky ones. The fact is that about 70 percent of people 65 or older will need long-term care services at some point in their lifetimes, according to Genworth Financial. But long before a health crisis forces the issue, you need to talk with your adult children about your later years. The problem is, many people can’t bring themselves to have that talk. Let me offer some help to get the discussion going. Read the April selection for the Color of Money Book Club — “The Other Talk: A Guide to Talking With Your Adult Children About the Rest of Your Life” (AARP, McGraw-Hill Professional, $15) by Tim Prosch. Prosch, a marketing professional, uses an interesting analogy to get his point across. He equates the long-term care talk with the conversation some parents dread having: the one about where babies come from.”
Thanks to Helene and Bob for sharing these links!