(Money Magazine) — Face it. Mom and Dad are getting up there. And their finances aren’t getting any simpler. Some of life’s trickiest money tasks — managing a large but basically fixed nest egg, figuring out how to spend it down while never running out — are in the hands of people who at some point may not be up to doing the work by themselves.
The normal wear and tear of aging can mean worsening eyesight, fatigue, and enormous life changes (such as caring for an ailing spouse) that make it harder to deal with reviewing bank statements or tracking a portfolio.