Financial Planning for Aging Parents

Financial Planning for Aging Parents

Assessment

Interactive Video

Business

9th - 10th Grade

Hard

Created by

Jackson Turner

FREE Resource

The video discusses the importance of financial planning, especially in supporting aging parents. It highlights cultural expectations versus economic realities, and the need for open financial conversations. The video offers strategies for assessing and assisting parental finances while maintaining personal financial health. It emphasizes the importance of professional help and maintaining family relationships, and encourages overcoming the taboo of discussing finances.

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main financial challenge discussed in the introduction?

Supporting aging parents

Buying a new house

Investing in stocks

Paying off student loans

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What percentage of people over 55 have no retirement savings?

33%

25%

50%

10%

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a 'Just In Case' document?

A document detailing financial assets and contacts

A document outlining emergency contacts

A document for travel plans

A document listing family medical history

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a potential downside of giving direct cash gifts to parents?

It is illegal

It might create discomfort

It is too complicated

It can lead to tax issues

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What should you ensure before committing financial support to your parents?

That you can afford it

That your siblings agree

That you have a stable job

That your parents ask for it

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a non-monetary way to help parents financially?

Helping them write a budget

Giving them a credit card

Buying them a car

Paying their bills

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What percentage of seniors do not fully own their homes?

65%

75%

55%

45%

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