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Financial Planning for 70yr old parents -- what do I need to know? 

Date: 2000, Jun 20
From: Kat <kat7962@hotmail.com>

A little background: I'm in Seattle, my parents are in Ohio. My parents are in their late 60s/early 70s -- and I'm only 28. Paying for medical/insurance is going to be a serious problem in the future --Mom has had a major heart attack, has fairly serious arthritis (but not debilitating yet)and has had one hip replacement surgery(scheduled to do 2nd soon). Dad has had two mild heart attacks. He is a letter-carrier w/a walking route ("mailman" in the non-PC days) and is still working! The walking is great for his heart, but the severe weather is taking a toll on him -- he needs to retire soon. (Working inside the post office at a desk job is not an option.)

I FINALLY have convinced them to talk w/a lawyer or financial planner who specializes in retirement/estate planning.

What should I/they know to help them get the most out of the visit -- they are very conscious of their limited budget, and won't pay for multiple visits-- I have offerred/begged to pay for the visit, but they're too proud and won't accept.

Any suggestions of websites/books/etc. would be greatly appreciated.


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