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How do I help Mom and Dad with their money?

March 12, 2014 at 12:31 PM ET

Video: Financial editor Jean Chatzky joins TODAY to offer advice on how to figure out when an aging parent might need your help with finances, and what exactly you should do.

Mom and Dad know best, but when it comes to managing their money, especially as they get older, things can get tricky. Neither of you may know where to begin. Navigating the finances can be confusing. Conversations can be awkward. There's worry about giving offense. 

But there's even greater anxiety that without some outside help, they could be left without the financial resources they need to see them through their years.

So TODAY's financial expert Jean Chatzky took your questions on helping parents with their finances that tweeted using #TODAYMONEY in a live chat.

Be sure to check out Jean's great set of guidelines on what steps to take to start helping your parents with their finances. It's a great resource that even if you don't need it now, you may want to bookmark for when the time comes.

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