Caring for Your Aging Parents: A Seven-Step Guide

Caring for aging parents can be draining, but knowing where everyone stands and having critical things in place can at least make the process less stressful.

An adult daughter hugs her aging father while helping him with something on a computer at the kitchen table.
(Image credit: Getty Images)

Aging certainly is part of the circle of life. If we are all fortunate, someday we can repay the favor of our parents caring for us, by caring for them. It is a time in one’s life that does not come easy and should be handled with the utmost care. In my line of work, I witness the tolls and stress caring for an aging parent can have on both the child and the parent. Albeit, no easy task, there are certainly best practices developed by many elder care experts I thought appropriate to share with you here today.

Below is a seven-step guide that is practical and easy to follow for caring for an aging parent (or family member):

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Andrew Rosen, CFP®, CEP
President, Partner and Financial Adviser, Diversified, LLC

In March 2010, Andrew Rosen joined Diversified, bringing with him nine years of financial industry experience.  As a financial planner, Andrew forges lifelong relationships with clients, coaching them through all stages of life. He has obtained his Series 6, 7 and 63, along with property/casualty and health/life insurance licenses.