Financial and Life Planning Resource Directory
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The Association for Integrative Financial and Life Planning
and The Life Planning Network
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Articles
Consumers/clients: Family: Parent-child or -grandchild
Body
Authers, Donna, "How to Deal with an Elderly Parent's Fear of Dying"
http://www.agingcare.com/Articles/dealing-with-elderly-parents-fear-of-dying-138570.htm, Free
Authers identifies specific worries your parent may have about dying, and how you can help dispel them.
Grote, Jim, "Parent Care Solution, The – How Planners Can Help Clients with Aging Parents", Journal of Financial Planning, December 2008 (Vol. 21, No. 12)
Grote, along with several experienced financial planners, offers advice about starting the family conversation, coordinating care, providing long-term financing, advance directives, and how planners should be compensated for these services.
Kennedy, Alexandra, "Parents Losing Parents"
http://www.care-givers.com/DBArticles/pages/viewarticle.php?id=105, Free
Kennedy discusses how to draw positive consequences out of the death of a parent.
Musli, Carol M., et al, "Grandmothers and Caregiving to Grandchildren: Continuity, Change, and Outcomes Over 24 Months", Gerontologist, February 2011 (Vol. 51, No. 1)
http://gerontologist.oxfordjournals.org/content/51/1/86.abstract
The authors find that caregiving for grandchildren negatively affects caregiving stress and reward, intra-family strain, social support, depressive symptoms, physical health, and perceived family functioning. The only measured areas not adversely affected were mental health and resourcefulness.
Wolfelt, Alan D., "Helping Yourself Heal When a Parent Dies", 2007
http://griefwords.com/index.cgi?action=page&page=articles%2Fhelping4.html&site_id=3, Free
A helpful article on what to expect, and how to cope, when a parent dies.
Mind
Celdrán, Montserrat, et al, "My Grandparent Has Dementia’: How Adolescents Perceive Their Relationship With Grandparents With a Cognitive Impairment", Journal of Applied Gerontology, June 2011 (Voo. 30, No. 3)
http://jag.sagepub.com/content/30/3/332.abstract
This Spanish study found that while the dementia process has a negative impact on the relationship between grandparent and grandchildren, in some cases there was also potential for positive changes, mainly related to the ability to keep emotional contact and express positive emotions.
Staff, Phyllis, "Five Ways to Manage Difficult Elders", 2003
http://www.howtoadvice.com/DifficultElders, Free
Five thngs you can do yourself to put you in the right frame of mind and have a positive affect.
Heart
Adcox, Susan, "Hints for Communicating With Adult Children"
http://grandparents.about.com/od/grandparentingissues/tp/Grandparenting-Communication.htm, Free
Offers seven tips, and provides some links to related subjects.
Carruthers, Martyn, "Solutions for Adult Children of Difficult Parents"
http://www.soulwork.net/sw_articles_eng/difficult_parents.htm, Free
Basic tips for effectively dealing with various kinds of difficult or abusive parents.
Edinberg, Mark, "Do's and Don'ts of Communicating with Aging Parents, The"
http://www.myseniorsite.ca/eldercare-talking.htm, Free
Edinberg offers excellent advice if you are facing difficult, emotionally laden conversations with a parent or other elder.
Fingerman, Karen L., et al, "Support to Aging Parents and Grown Children in Black and White Families", Gerontologist, August 2011 (Vol. 51, No. 4)
http://gerontologist.oxfordjournals.org/content/51/4/441.abstract
This research found that white middle-age adults are more likely to provide support to grown children, but black middle-age adults are more likely to provide support for aging parents. Causes for these differences are examined.
Fingerman, Karen L., et al, "Who Gets What and Why? Help Middle-Aged Adults Provide to Parents and Grown Children", Journals of Gerontology Series B: Pscyhological Sciences, January 2011 (Vol. 66B, No. 1)
http://psychsocgerontology.oxfordjournals.org/content/66B/1/87.abstract
The authors find that middle-aged adults provide greater support to offspring because they view offspring as more important than parents and offspring have greater everyday needs (e.g., being a student, not married). Parental disability accounts for greater support to parents.
Kim, Kyungmin, et al, "Discrepancies in Reports of Support Exchanges Between Aging Parents and Their Middle-Aged Children", Journals of Gerontology Series B: Psychological Sciences,, September 2011 (Vol. 66B, No. 5)
http://psychsocgerontology.oxfordjournals.org/content/66B/5/527.abstract
This research suggests that, for upward support (from adult children to their parents), children reported that they gave more than their aging parents reported receiving. For downward support from parents to children, the results differed depending on the type of support.
Margolis, Rachel, and Myrskylä, Mikko, "Global Perspective on Happiness and Fertility, A", Population and Development Review, January 2011
http://www.demogr.mpg.de/
Margolis and Myrskylä find that in general there is a negative correlation between happiness and having children below age 40, but a positive correlation after age 40, so that having children can be viewed as an investment in the future.
Timmermann, Sandra, "Generational Reciprocity: What Does It Mean in the 21st Century?", Journal of Financial Service Professionals, September 2009
Timmerman suggests that, with the economy in a meltdown and today’s parents confronting the high cost of day care, coupled with heightened concerns about bringing an unknown person into their homes to care for the children, the idea of Grandma moving in with the family may make a comeback.
Money
Fee, Richard W., "Special Needs Trust, the"
http://www.kidsource.com/kidsource/content4/estate.dis.all.3.3.html, Free
Over of how you can set up a trust so that you can provide some financial support for your special needs child, while still qualifying her or him for state benefits.
Goetting, Marsha A., and Schmall, Vicki L., "Talking with Aging Parents about Finances", December 2008
http://msuextension.org/publications/FamilyFinancialManagement/MT199324HR.pdf, Free
A very good place to begin, when it's time for you to start helping parents manage their money, or just in preparation for that time.
Nemzoff, Ruth, and Weiss, Wendy, "Your Money and Your Adult Children – The Challenges They Present", Integrative Adviser, March 2009 (Vol. 2, No. 1)
http://www.aiflp.org/pdfs/IntegrativeAdviserNo0201.pdf
Nemzoff and Weiss discuss the potential problems and some useful approaches for older parents to use in dicussing their own finances, and potential financial legacies, with their adult children.
Shinkle, Kirk, "How to Handle Your Aging Parents' Finances", U.S. News and World Report, August 7, 2009 (online)
http://money.usnews.com/money/personal-finance/investing/articles/2009/08/07/how-to-handle-your-aging-parents-finances, Free
Offers five tips on planning for your parents’ financial future.
Home
Girard, Kim, "How to Kick Your Kid Out of the Nest", October 12, 2009
http://moneywatch.bnet.com/retirement-planning/article/boomerang-kids-how-to-kick-your-kid-out-of-the-nest/351851/, Free
When you're ready for your children to be independent, but they'er not.
Newberry, Christina, "Surviving Adult Children Living at Home"
http://www.adultchildrenlivingathome.com/, Free, but the book version is $27.97
A useful website by itself, and it also tells you about additional materials you can purchase to help you work through all the issues.
Pellyan, Maryan, 2006
http://www.suite101.com/content/living-with-your-son-or-daughter-a5872, Free
Advice for meeting the challenges of living together as an extended family.
Webber, Christine, and Delvin, David, "Empty-Nest Syndrome"
http://www.netdoctor.co.uk/womenshealth/features/ens.htm, Free
A nice overview of the issues and what you can do to about them.