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Caring for Aging Parents

December 11, 2013Featured Articles, Life Stagesimport

Canadians aged 85 and over represent the fastest-growing segment of the senior population. Start thinking about how you’ll care for your loved ones in this age group.

By Gail Vaz-Oxlade | for www.MoneySense.ca
Have you thought about what you’ll do when the time comes for your mom and dad to need extra help? It’s not something most of us think about. Used to parents who have been vital, who have been the ones doing the guarding, many of us are ill-prepared for the years when our parents may need extra care.

Canadians aged 85 and over represent the fastest-growing segment of the senior population. Eventually many of us are going to have to come to terms with parents who have fallen prey to the ravages of age. Our first instinct may be to bring them into our own homes. That’s the way it was when I was a girl growing up in Jamaica. My great-grandparents lived with my grandparents. Home care worked well because there were always bodies available to help. Here in Canada, where my grand aunt lived with my aunt and uncle, they eventually ran into the problem of having a parent who needed constant supervision when they both worked outside the home.

Click here to read more.

 

©iStockphoto.com/ Catherine Yeulet

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Ong Financial Planning Services Ltd.
John Ong, CFP, CHS, CPCA, CCS
Financial Planner
Tel: (604) 676-1088
Email:

1275 West 6th Avenue 3rd floor
Vancouver, BC
V6H1A6

About

John has been providing financial planning advice for over 15 years. John is currently licensed as a life insurance agent, accident & sickness agent, mutual funds representative*, Financial Planner, Certified Health Insurance Specialist, and Certified Professional Consultant on Aging. He specializes in personal financial planning advice with an emphasis on risk management, estate & retirement planning.
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