Taking Care of Mom and Dad: A Stockpile of Assets

In most cases, your parents have spent a great deal of their lives stockpiling assets, adding more along their way so that at some point, they can turn those assets into income that will carry them through the rest of their lives.

If your parents did little advance planning, that's where you come in. You may find yourself helping your parents manage their withdrawals so they don't run out of assets before they run out of time. This can be more challenging than filling that warehouse.