This Mother’s Day, Bruce and guest Pam Krejce take a look at how to be kind to ourselves if we become care givers for our own mothers.
Questions discussed include:
- If your parents have been vague in the past about their financial situation, how do you suggest bringing up the topic?
- I retired on March 30 last year when I was 71, but then I signed up as a casual employee after I was off for a month which was before I took an RMD. Then I was told I could not take my RMD because I’m considered an employee. I called several times to make sure I don't have to take the RMD and can I take it if I want to take it and they said no because you are considered an employee. Is this correct? Or am I going to end up owing tons of taxes?
- It seems as though my father will need nursing care very soon and we know that he doesn’t have a plan for long term care or very much money saved. What do you suggest as a way to help him out without spending all of our savings and putting our kids in a similar situation?
Featured Segment: Caregiver's Guide to Self Care
For more Social Security related content check out our article "Social Security Overview: 9 Common Social Security Questions Answered"
Bruce Helmer, a founding member of Wealth Enhancement Group, has been the host of the “Your Money” Radio Show for more than 20 years. He is also featured weekly on the Twin Cities CBS affiliate WCCO, and has penned three financial advice publications.