In this episode of the Smart Wealth & Retirement Podcast, financial advisors and retirement planners Jim Martin & Casey Bibb of Martin Wealth Solutions discuss the growing reality many families face: supporting aging parents while protecting your own retirement plan.

Jim and Casey walk through the emotional, financial, and logistical challenges that arise when parents begin needing help. They cover how to start difficult conversations, understand care options, coordinate finances, and avoid common mistakes that can strain relationships and derail long-term plans. The conversation offers practical guidance for navigating caregiving responsibilities with clarity, compassion, and confidence.

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00:00 – Introduction: When caring for parents becomes part of your plan 02:02 – Why more families are facing caregiving decisions 03:34 – The emotional impact of helping aging parents 05:22 – Starting the conversation with Mom & Dad 07:14 – Understanding care options: in-home, assisted living, and beyond 09:26 – Financial considerations families often overlook 11:42 – Coordinating siblings and shared responsibilities 13:58 – How caregiving can affect your own retirement goals 16:04 – Planning ahead to avoid crisis-driven decisions 18:22 – Legal and documentation considerations 20:14 – When professional help may be needed 22:06 – Common mistakes families make 24:10 – Key takeaways for caregivers and planners

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