The Sandwich Generation: Caring for Aging Parents and Children at the Same Time

March 14, 2016

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This week on For Your Benefit, our host, Bob Leins welcomes Mike Townshend, transition specialist, to the studio to talk about the sandwich generation.  As a Social Psychologist and Professional Philosopher, Mike is the founder of Carpe Diem Coaching, Inc. and can be found online at www.mybestdayistoday.com.  He is also the author of “Living Well During Times of Change”. 

No human comes with a “user manual” on how to care for our aging parents while also caring for our children.  We are well served by planning out various scenarios and preparing ourselves for the future.  Become best prepared by exploring the following points:

  • Take care of yourself – This can be an emotional rollercoaster, but help can come from family planning, honest goal setting, and resource planning
    • Establish buy-in from your children and spouse – this is a family effort
    • Meet periodically with your immediate family to review what can be improved and to know who may be feeling left out  (for instance, unavailability of siblings due to geographic distance, ability of emotional presence)
  • Becoming a parent to a parent
  • Adjusting  your career to accommodate new family needs
  • Communications:  Empowering your parent, how you can maintain their independence, do less, and maintain a safe and healthy environment.
  • Dealing with dementia
  • Managing medications
  • Living alternatives:  The pluses and minuses of home-care versus facility
  • Have a workable caregiving plan

Topics: Pay & Benefits, Sponsored Content, For Your Benefit, Pay and Benefits, Bob Leins, NITP, WAEPA, caregiving, sandwich generation, transition planning, fyb

 

 

 

 

 

 

 

 

Sponsored by: 

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For Your Benefit, Mondays, 10 a.m.

Host Bob Leins and presenters from the National Institute of Transition Planning, the federal leader in retirement planning seminars, take your calls and emails every Monday. Each week, the show focuses on a specific area of retirement planning from financial security, taxes, federal benefits and estate planning, to life after retirement. Email your questions or call the show at 202-465-3080. Listen live!

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