Protecting Your Parents' Money - by Jeff D Opdyke (Paperback)

About the Book

Wall Street Journal Love and Money columnist Jeff D. Opdyke offers a compassionate and highly effective handbook designed to help elderly parents manage their money. Protecting Your Parents Money is the essential guide to helping Mom and Dad navigate the finances of retirement, covering such topics as understanding Medicare, preventing elder fraud, and the hunt for a quality, affordable retirement home. Protecting Your Parents Money is a book everyone should own, as members of the Baby Boomer generation find themselves dealing with the many financial problems surrounding aging parents, and face their own future as seniors."

Book Synopsis

Wall Street Journal "Love and Money" columnist Jeff D. Opdyke offers a compassionate and highly effective handbook designed to help elderly parents manage their money. Protecting Your Parents' Money is the essential guide to helping Mom and Dad navigate the finances of retirement, covering such topics as understanding Medicare, preventing elder fraud, and the hunt for a quality, affordable retirement home. Protecting Your Parents' Money is a book everyone should own, as members of the Baby Boomer generation find themselves dealing with the many financial problems surrounding aging parents, and face their own future as seniors.

From the Back Cover

Are you ready for the inevitable day whenyou will have to act as parent to your parents?

Protecting Your Parents' Money is the essential financial handbook that will help you navigate this confusing and difficult transition, providing a game plan for tackling complex issues like estate planning, retirement income and savings, and long-term health care. Most important, it will help bridge the communication barrier between parents and adult children, which often makes the process much more difficult than it needs to be. Important topics include:

• Personal Finance 101, the Senior Years: The essential definitions and workings of the myriad investment options and financial requirements your parents will deal with in retirement.
• The Move: How to find the right nursing homes or retirement communities, comparing costs and factoring your parents' assets into the mix.
• Understanding Medicare: What it is, how to qualify for coverage, and what it means for your parents' finances.
• Elder Fraud: How to look for telltale signs that your parents have been victimized.

Protecting Your Parents' Money provides the comprehensive guide every loving son and daughter will need to understand and help manage Mom and Dad's financial concerns.

Review Quotes

"Anyone anxious about how best to protect aging parents and their assets will find this guide from veteran Wall Street Journal journalist Opdyke...a godsend. A smart comprehensive guide to helping children assist their parents through a difficult time with candor and compassion." -- Publishers Weekly

"Opdyke (Piggybanking, 2010, etc.) offers sensitive, user-friendly advice for adjusting to those stressful parent-child role reversals...A solid, informative reference." -- Kirkus Reviews

"This guide offers sound advice for handling the financial issues stemming from medical care and daily living situations for seniors...This is one of the only books to provide clear instructions for adult children dealing with their parents' financial needs." -- Library Journal