CNBC Poll: Have You Made Plans to Care for Your Aging Parents?
For many baby boomers, helping aging parents navigate their golden years is complicated and intimidating. Often called the sandwich generation, this group cares for seniors while tending to growing children.
During the past two decades, retirement options and senior care have evolved beyond retirement homes and assisted living centers.
Modern options can range from hourly nurses to web portals that virtually connect clients with their parents.
Other innovations include "granny pods," or modular home units that are plopped onto backyards. The portable units can be outfitted with cameras to help monitor falls and other accidents. Competition already is emerging in this niche housing market, and prices and options are coming down.
No matter what options you select for your parents, it's ideal to prepare in advance and not wait for an emergency to make last-minute, uninformed decisions.
Have you thought ahead and made plans to care for your aging parents?