A Note from Marguerita Cheng, CFP® Pro — I invite you to tune in for this week’s episode of my podcast and video show, Margaritas with Marguerita, where for 15 minutes each Friday at 5pm EST, women learn from industry experts how to flex their financial muscles live on Facebook and MargueritaCheng.tv.
Today’s guest: Cameron Huddleston, an award-winning personal finance journalist and author of Mom and Dad, We Need to Talk: How to Have Essential Conversations With Your Parents About Their Finances.
Our topic: Caring for the elderly
We will discuss:
- It’s well-documented that a decline in financial capabilities is an early sign of cognitive decline. However, researchers at Johns Hopkins recently found that those with Alzheimer’s disease and related dementias were more likely to miss bill payments six years before a diagnosis. Does that mean it would be a good idea for adult children to be monitoring their parents’ finances?
- Clearly, you can’t say, “Mom and Dad, I want to monitor your finances to see if you’re missing bill payments, which might mean you have dementia.” You wrote a book about talking to parents about their finances, so what’s the right way to go about this?
- What types of details about your parents’ finances should you ask them to share with you, and what things should you be on the lookout for if you monitor your parents’ finances?
- How can you actually monitor your parents’ finances?
Cameron says: “My work has appeared in Forbes Kiplinger’s Personal Finance Chicago Tribune MSN Yahoo and many more print and online publications. U.S. News & World Report named me one of the top personal finance experts to follow on Twitter, and AOL Daily Finance named me one of the top 20 personal finance influencers to follow on Twitter. I have appeared on CNBC, MSNBC, CNN, and “Fox & Friends” and have been a guest on ABC News Radio Wall Street Journal Radio NPR and more than 30 podcasts. I also have been interviewed and quoted as an expert in The New York Times, Chicago Tribune, BBC.com MarketWatch, and more. I have an MA in economic journalism from American University and BA in journalism and Russian studies from Washington & Lee University. Who am I really? Click here to read more!
Join us every Friday at 5pm EST on Facebook Live: facebook.com/hopekatzgibbs
Watch all of our episodes: MargueritaCheng.tv.