Dysfunctional FamiliesAnger-physical anger, emotional abuse, financial abuse
Fiscal and emotional abuse is the red blinking second sign of the dysfunctional aging family. Anger occurs normally in all families. However, in dysfunctional families, anger may take the form of repeated physical or
emotional abuse. This happens not only in one generation but passed on to next and perhaps all subsequent generations. Adult children are often getting even with their aging parents for being neglectful, perhaps physically abusive parents when these angry adult children were kids.
Fiscal abuse is a ” sleeper” form of abuse, yet a pernicious aging family problem. Adult children committed a whopping 40% of the abuse. Other family members were the next big thief’s investigated. The coming holidays create jaw-clenching stress on adult children who visit and finally see their parents decline. This means they need to care for them, which they have no idea how to do. Part of that comes from- they were never cared for as kids themselves. The holidays can be saved for a dysfunctional family, by care managers. Care managers can help them avoid abuse and support them to get the care they need for their aging parents who neglected them as children.
Financial Advisors Can be Thieves Too
The so-called fiduciary rule, which was scheduled to go into effect in April, would have required financial advisers working with retirement accounts to put the interests of their clients ahead of their own—
Brokers are currently allowed to follow a less-stringent “suitability” standard, which lets them recommend options that cost seniors more—and pay them more—even if a cheaper or more appropriate choice is available.
The Trump administration “blocked this rule and continues to block many retiring and aging client interests – putting them second and financial advisors interest (or ) profit first. This rule was supposed to go into effect January first, 2018 but was blocked again until 2019″. Formerly representing the U.S. Chamber of Commerce, Eugene Scalia played a major role in convincing an appeals court judicial panel to vacate the Obama Labor Department’s fiduciary rule. He is now Secretary of Labor and the DOL is working on a replacement rule to be unveiled by the end of the year.
Check out my latest webinar about working with dysfunctional aging families over the holidays
THIS FREE WEBINAR IS ON NOVEMBER 21 FROM 2 PM-3 PM
- How to work with both dysfunctional and long-distance families who call during the holidays
- How to give hope to frantic children who call, after seeing their aging parent struggling with the rituals
- How to sell services to desperate adult child callers
- How to use GCM tools to contain Holiday chaos
- How to use financial forecasting to prepare for growth during the holidays
- Sidestep the Many Care Managers Who Do not know how to work with Dysfunctional Aging Families and get the client
- SIGN UP NOW
Find out more in my YouTube channel Geriatric Care 1