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Caring for an Aging Parent: CFP Outlines Proactive Approach to Preserve Wealth and Family Harmony
New York, April 3, 2023 — When people age, become chronically ill or suffer a devastating injury, the emotional and financial challenges reverberate across generations, says certified financial planner and investment adviser Dr. Nicole B. Simpson. “Aging parents in a family can detrimentally impact the economic and emotional status of the parents themselves, their primary caregivers (who are usually their children) and their grandchildren — three generations,” Simpson explains. In their new book, The Quiet Shift, Simpson and contributor Sharon Stanford aim to encourage readers (particularly Baby Boomers and Gen Xers) to be proactive when it comes to understanding how to manage family finances and maintain healthy family relationships. Simpson offers…


