Jason Round, head of financial planning support, RBC Financial Planning, discusses how an advisor can develop a caregiving plan that can help boomer clients cope with the financial and emotional aspects of caring for aging parents. He spoke with Investment Executive reporter Olivia Li, at the TMX Broadcast Centre in Toronto.
Address both financial and emotional issues when talking to clients about caring for their parents
Boomers are relying heavily on public care for aging parents and are concerned about the impact of eldercare their own lives
Speaker series travelling across Canada in October
Your boomer clients may need help in caring for their aging parents. They’ll have questions — from estate planning to housing and special care. You may not be an expert in seniors’ issues, but you can provide valuable advice
Take steps to minimize the financial and emotional stress of caring for aging parents
New service designed to help busy professionals take care of family members’ finances
The cost of taking care of elderly parents is taking its toll on boomers; advisors can guide them in the right direction
Four-in-10 pay $498 in monthly support, poll reveals