Reply to How do I help my parents who didn't plan for retirement

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[quote=Anonymous]I have found with my parents that they don't listen to reason and they don't think logically.  I am aghast over and over that they and do things that are constructs in their own mind rather than based on actual information and logical thinking.  For example, my mom will lament the fact that she can't go to the library to look things up when they have a computer and could simply google whatever it is.  They have internet, google, etc.  My dad even uses the internet to look things up, like air fares, etc.  She'll talk about how she can't "get around" like she used to so she wasn't able to find something that she wanted to look at in a periodical.  I'll say, "mom, why don't you google it?"  There will be this silence and then she'll say, "well I suppose so..." and then she'll launch into a diatribe about my dad and how messy his desk is or some such.  No logic, just the same cyclical thinking and stuck paradigm.

So I imagine you'll have a bunch of similar conversations which will drive you crazy.  You won't be able to change them most likely, or get them to listen to reason.  So I would protect yourself.  You can purchase long term care insurance for them, and pay the premiums.  You can set $ aside for costs to take care of them later (a caregiver).  You could even set up a trust that you control that would pay the mortgage for them or something like that.  The key is that you control the resources and don't give the cash directly to them.  [/quote]

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