Our hosts Stephanie McCullough and Kevin Gaines sit down with Steve and Jill Marshall of Silver Path Consulting to discuss all things future care, from housing, to finance, to family support.

Jill and Steve lament the current lack of societal preparedness for a growing senior population, often referred to as a "silver tsunami" that's growing bigger each year.

They stress the importance of starting early discussions about aging within families, the benefits and drawbacks of different living arrangements, and an effective way to handle comprehensive information and resource management between the adult children of aging parents.

The Marshalls also discuss essential legal documents like wills, durable power of attorney, and healthcare power of attorney. Drawing from the recent tragic situation around the passing of Gene Hackman and his wife, they also discuss some technological solutions that adult children can use to facilitate elder care and the value of expert consultation to provide neutral, third-party advice that can ease family tensions.

Key Topics:

• Preparing for the Silver Tsunami (04:47)
• How to Talk About Future Living Arrangements with Your Aging Parents (10:39)
• Discussing the Costs of Future Care (17:00)
• Role Modeling to Your Children the Right Way to Prepare for Future Care (23:07)
• What Most People Overlook (28:06)
• Ensuring Everyone in the Family Has a Role (32:30)
• The Gene Hackman Case (38:53)
• Steps You Can Take Today to Secure Your Aging Parents' Future (45:12)

Resources:

• Silver Path Consulting
• Take Back Retirement Ep. 74: Taking Charge: Carol Marak's Strategy for Solo Aging and Retirement Planning
• Take Back Retirement Ep. 83: Combatting Fraud and Protecting Your Financial Future with AARP's Kathy Stokes

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You can find the transcript and more information about this episode at www.takebackretirement.com.

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