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What Caring for an Aging Parent Could Cost You

Those who leave their job to care for an aging parent don’t just lose current income, but future raises retirement contributions and company matches. There could also be an impact on future Social Security checks and skillsets. Employers should be able to assist with flexible schedules, the ability to work from home, and paid family leave which, under federal law, allows for up to 12 weeks of unpaid, job-protected leave in a 12-month period through the Family and Medical Leave Act (FMLA). Affordable community help with programs like Meals on Wheels, adult daycare, senior companions, and transportation and respite care can all help. The Department of Veterans Affairs also offers additional services.

 

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Post By Ken Shafton (1,696 Posts)