7 Essential Questions for Aging Parents and Their Finances

Shayla Mars

By Shayla Mars
Posted on Thu Sep 19, 2013, Last Updated on Thu Sep 19, 2013

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7 Essential Questions for Aging Parents and Their Finances

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No one wants to think about the aging of his or her parents, let alone plan for their death. Unfortunately, aging is a part of life, and in order to truly support your parents, it’s best to start asking questions now.

According to the National Funeral Directors Association, the average funeral in 2009 (without the glamor of flowers, and etc.) cost $6,560. Fidelity Investments recently estimated that a retiring couple would need about $240,000 to cover medical expenses (not taking into account employee-provided health benefits).

Of course, the most time consuming thoughts are not about the cost themselves, but rather how to afford the cost.

As you parents get older here are 7 questions you need to ask.

7 Essential Questions for Aging Parents and Their Finances

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