NerdWallet book club: How to manage a parent’s money
When Beth Pinsker’s mother became too ill to manage her own finances, she and her brother stepped in to pay bills and monitor accounts on her behalf.
Related Articles
-
Disney: New drawing classes will feature Olaf animatronic -
Trump’s portrayal of ‘golden age’ is out of sync with how Americans see economy -
DoorDash exits 4 markets, including Japan, to focus on growth elsewhere -
Discord postpones age verification rollout amid criticism, promises transparency -
NASA astronaut Mike Fincke reveals medical incident behind Crew-11 return
As a financial journalist and certified financial planner (CFP), Pinsker figured she was well-prepared for the task. It turned out to be much more complicated than she anticipated.
Her subsequent book, “My Mother’s Money: A Guide to Financial Caregiving,” documents her challenge and shares advice for others. It’s NerdWallet’s winter Book Club pick.
“You hit a certain age in life and you become a caregiver, and nobody prepares you for it,” Pinsker says. Taking over the entire financial existence of another human being is complicated and time-consuming, she adds, and many of us will probably need to do it at some point.