175 -Career Transition at 40+? Factor in Mom and Dad
Leadership Fitness in 5 Minutes with Gary Slyman
Release Date: 10/06/2025
đ§ Career Transition at 40+? Factor in Mom and Dad
Over 40 and navigating life transitions? One question you may not be askingâbut shouldâis: Do I need to plan for the cost of caring for aging parents?
Here are some key considerations we dive into:
1ď¸âŁ How likely is this to happen? (Hint: 70% of those over 65 will need long-term care)
2ď¸âŁ How long might it last? (Nearly half of us will have a parent in care for 1â2 years, with many situations lasting 4â5 years)
3ď¸âŁ What are the costs? (Think $150K+âespecially if parents want to remain at home as long as possible)
This isnât something to react to in crisisâitâs something to plan for now.
đ Tune in to this weekâs episode to learn how to prepare, what to expect, and how to build this into your financial and family planning.