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The Color of Money: Aging Parents and Finance

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The Color of Money: Aging Parents and Finance

The Color of Money: Aging Parents and Finance

Helping Mom and Dad Handle Funds in Their Twilight Years

The Color of Money: Aging Parents and Finance

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  • <iframe src="https://www.npr.org/player/embed/1803830/1814529" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

Michelle Singletary behind the microphone at NPR's studios in Los Angeles, Calif. Kathryn Fox, NPR hide caption

toggle caption Kathryn Fox, NPR

According to studies done by the AARP and other groups, today's longer life expectancy means many baby boomers will spend more time caring for a parent than they did raising their own children. In addition to caring for a relative's health needs, many Americans have to help with financial needs as well.

Day to Day personal finance adviser Michelle Singletary, who writes the syndicated column "The Color of Money" for The Washington Post, recommends a number of books and Web sites where parents, sons and daughters can get help, or at least information and advice on what to do.

Singletary says the subject of dealing with family finances is a tricky one, because it deals with family relationships as well as money.

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