Caring for an Aging Parent: CFP Outlines Proactive Approach to Preserve Wealth and Family Harmony

When people age, become chronically ill or suffer a devastating injury, the emotional and financial challenges reverberate across generations, says certified financial planner and investment adviser Dr. Nicole B. Simpson.

“Aging parents in a family can detrimentally impact the economic and emotional status of the parents themselves, their primary caregivers (who are usually their children) and their grandchildren — three generations,” Simpson explains.

In their new book, The Quiet Shift, Simpson and contributor Sharon Stanford aim to encourage readers (particularly Baby Boomers and Gen Xers) to be proactive when it comes to understanding how to manage family finances and maintain healthy family relationships.

Simpson offers readers a series of stories and insightful reflections on change, challenge and power, including her belief that when people prepare for the future both emotionally and economically they can build a legacy that will illuminate the richness and potential of those around them, while discovering deeper truths and new pathways for economic liberty and progress.

Drawing from her experiences as a mother, daughter, spouse, friend and pastor, Simpson shares the habits and principles she has developed to successfully adapt to change and overcome various obstacles — the earned wisdom that helps her continue to build family and community. She details her most valuable practices, while including the experience and professionalism of Stanford to convey real-life examples of what happens when life shifts. With trademark humor, candor and compassion, Simpson also explores issues connected to race, gender and visibility, encouraging readers to work through fear, trauma and uncertainty to find strength in community and live in freedom.

“People will appreciate how the book is written,” Simpson added. “It tells multiple stories designed to have an impact on Baby Boomers (aging parents), Generation Xers (caregivers) and millennials (the next generation). The book is designed to spark the difficult conversations. Each party is able to see themselves, check their emotional engagement and reflect upon their present financial condition.”

About the Author
Reverend Dr. Nicole B. Simpson, CFP, is a practitioner with over 30 years of experience in the securities industry, which she entered in 1991. She holds Series 7, 63 and 65 securities licenses. On September 11, 2001, Simpson was working as a financial planner on the 73rd floor of the World Trade Center’s south tower and was still in the building on the 44th floor when the south tower was hit. Today, Simpson compassionately assists families on how to begin to walk along the road to recovery when faced with a catastrophic, unexpected disaster. She is actively involved in spiritual, emotional and economic empowerment and frequently speaks on the lecture circuit about financial and life planning.

She is also the pastor of Micah 7 Ministries in Piscataway, New Jersey. She has appeared on ABC News, CNN, BBC World News, Fox News and others. She is a Board Member of CFP Board Center for Financial Planning Diversity Advisory Group, Chair of the Generation X Community Association and Provost of the Dare 2 Dream Institute. She received a Doctorate in Transformational Leadership with top honors from Boston University, an M.Div. Magna Cum Laude from New Brunswick Theological Seminary and a B.S. Cum Laude from Oral Roberts University. The Quiet Shift is Simpson’s seventh book and was recently named the third place winner in the nonfiction, self-help, relationships and communication category in The Bookfest Spring 2023 awards.

Securities and investment advisory services offered through NEXT Financial Group, Inc.

For more information, please visit www.nicolebsimpson.com or www.thequietshift.com; connect with the author on Facebook (Nicole B. Simpson); or follow the author on Twitter, Instagram and YouTube at nicolebsimpson.