Caring for an Elderly Parent 

mothe and daughter 

Watching parents lose their independence is one of the hardest challenges to face as parents age. Witnessing their needs highlights a desire to include future care needs in your personal financial planning.

When you see signs of aging in your parents, it’s time to take action.

  • Weight Loss
  • Failure to take medication or over-dosing
  • Burns or injury marks
  • Trouble with daily activities
  • Change of attitude toward life

Set up a time to meet with mom and dad to talk about how they’re doing and how you can help them age gracefully.

Elder Home Care

Elder home care allows a parent to remain at home and receive the assistance they need. Caregivers include family, friends or caregiving professionals.

Services available include:

  • Home care services
  • Meals and transportation
  • Adult day care
  • Respite care

Opening Your Home to a Parent

If you feel your parent will live more productively and peacefully in your home then you may decide to become the caregiver.

  • Understand your parent’s needs and current condition
  • Will the aging process happen rapidly?
  • Will you need to request specific medical care?
  • Will at-home medical care be available for your parent’s condition?

Evaluate the short-term and long-term needs your parent will face. Short-term needs may be a social group, a physical therapist, or a walker.

Long term your parent may need to pay for extensive medical expenses, an estate plan and a durable power of attorney.

Remember to take care of yourself. Step away from the caregiver role daily. Refresh yourself regularly so you continue to provide quality and loving care to your parent.

Other Housing Options

There are numerous resources for eldercare and many provide a happy, productive environment. Communities include:

  • Adult congregate
  • Assisted living
  • Rental retirement
  • Life care or continuing care
  • Personal care homes
  • Subsidized housing for the elderly
  • Skilled nursing facilities
  • Intermediate care facilities

Your Personal Financial Planning

Look ahead to what options you have to pay for your future needs.

  • Personal Resources
  • Medicare
  • Medicaid
  • Medicare Supplemental Insurance
  • Long Term Care Needs

Who might you have to care for and who might need to care for you?

Northwestern Mutual Can Help

Personal financial planning may include caring for your future needs. Learning more about long-term care needs for yourself and those who depend on you allows you to evaluate the many considerations you may face and include future costs in your personal financial planning.

Northwestern Mutual can help you include your future needs in your personal financial planning to help secure your dignity, choice and independence.


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