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Helping Aging Parents Financially: Is There Any Way to Lighten the Burden?

David4 Wrote: Apr 06, 2013 8:20 PM
Other opportunities, * My grandmother, who didn't drive and didn't have a car, rented out her garage. * A retired neighbor lady rented out her upstairs to another younger woman. * A friend has taken her arthritic father into her home since her mother died.

Dear Carrie, My parents are in their 70s and sometimes need my help to pay medical, as well as other bills. This is starting to mount up. I can't claim them as dependents, but is there anything else I can do to help soften the financial blow? --A Reader

Dear Reader, People are living longer. That's the good news. But the downside is that more people are running the risk of outliving their money -- and the younger generation is being asked to step in to fill the financial gaps. A recent nationwide Pew Research Center survey found...