Protecting Your Parents' Money: The Essential Guide to Helping Mom and Dad Navigate the Finances of Retirement – A Compassionate and Effective Handbook for Baby Boomers with Aging Parents

by Jeff D. Opdyke

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.

288 pages, Paperback

First published August 9, 2011

Reviews

[Mark · Rating 2 out of 5]

Jeff does some things well, like helping kids figure out how to say the right things to their parents. He outlines some keys issues about houses and health care and how to go about calculating what a parent will need for the rest of his/her life. As a resource to look up, those relevant sections are great, but I found that many of the questions I had before reading this book, still remained with me afterward. He doesn’t discuss trusts, inheritances, or taxes very well. Most of this is geared to money management on a day to day scheme. Either there are too many individualized issues to consider in such a brief overview, or Obdyke just didn’t do enough homework.

[Mary Ann (MAA) · Rating 3 out of 5]

Good for planning for yourself or your parents. Common sense book which gives good advice on having conversations with your loved ones. You can skip these sections if you're reading for your own planning.

[Joy · Rating 3 out of 5]

I it very informative. I applyed it to my family, as mom and how to better structure for my kids.

Very useful

[Tiffiny]

Very informative and I will be reading financially ever after next followed by piggy banking, at least that's what I think it's called.

[Kate Lowrie · Rating 4 out of 5]

Pretty useful information.