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175 -Career Transition at 40+? Factor in Mom and Dad

Leadership Fitness in 5 Minutes with Gary Slyman

Release Date: 10/06/2025

🎧 Career Transition at 40+? Factor in Mom and Dad

Over 40 and navigating life transitions? One question you may not be asking—but should—is: Do I need to plan for the cost of caring for aging parents?

Here are some key considerations we dive into:
1️⃣ How likely is this to happen? (Hint: 70% of those over 65 will need long-term care)
2️⃣ How long might it last? (Nearly half of us will have a parent in care for 1–2 years, with many situations lasting 4–5 years)
3️⃣ What are the costs? (Think $150K+—especially if parents want to remain at home as long as possible)

This isn’t something to react to in crisis—it’s something to plan for now.

👉 Tune in to this week’s episode to learn how to prepare, what to expect, and how to build this into your financial and family planning.