The finances of being a caregiver in retirement

When parents and other elderly family members lose their independence, daughters or other women are usually the ones taking on caregiver roles. This article will discuss the financial realities of becoming a caregiver, either during retirement or while still planning for retirement. How does caring for an 80- or 90-something parent affect the retirement plans of a 50- or 60-something woman? How does it impact her family as a whole? Are there financial strategies, savings vehicles or any other tips women can use to mitigate the financial impacts of part-time and full-time caregiving on their
nest eggs? This story will be featured in a retirement-focused section of Nationwide’s ThinkAdvisor website called Retirement Wire: This round of stories for October and November will focus on women in retirement. Requirements: I’d like to speak to financial advisors who frequently work with women planning for retirement, and who can speak to the specific challenges and solutions relevant to female retirees.