Caring for elderly parent can have financial consequences

02/14/2013 | MarketWatch

Baby boomers who become caregivers for parents can find it has serious financial consequences, especially if their retirement savings and other investments were reduced by the recession, Elizabeth O'Brien writes in her Retire Well column. Many caregivers do not have a long-term strategy and begin to look ahead only when a parent needs help. The first step is to start a family discussion, she writes.

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