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What Teledyne Technologies Employees Should Know About Caring for Aging Parents

Healthcare Provider Update: Healthcare Provider for Teledyne Technologies Teledyne Technologies does not have a singular healthcare provider, as it offers a variety of health insurance options through multiple insurers for its employees. The specific options available can depend on the location and the insurance marketplace focus utilized by the company. Employees typically select from plans that address their particular health needs and preferences. Potential Healthcare Cost Increases for Teledyne Technologies in 2026 As healthcare costs continue to escalate, Teledyne Technologies employees and retirees may bristle under the weight of anticipated premium hikes in 2026. With the potential expiration of federal premium subsidies from the Affordable Care Act (ACA), some enrollees could see monthly premiums soar by over 75%. This dramatic uptick is compounded by an industry-wide trend of rising medical costs and significant rate increases from large insurers. Employees must strategically prepare for these potential disruptions by reviewing their healthcare plans and opting for services ahead of time, to mitigate the financial burden in the event of steep pricing changes. Click here to learn more

'Many Teledyne Technologies employees underestimate how caregiving responsibilities may influence their long-term planning. To prepare thoughtfully and involve the right professionals, it's important to start these conversations early.' — Paul Bergeron, a representative of The Retirement Group, a division of Wealth Enhancement.

'Many Teledyne Technologies employees face unexpected pressure when aging parent responsibilities arise. I believe early planning and open family communication can help households navigate these challenges with greater clarity.' — Tyson Mavar, a representative of The Retirement Group, a division of Wealth Enhancement.

In this article, we will discuss:

Key warning signs that aging parents may need additional support.
Essential legal and health care preparations to help families stay organized.
How to coordinate family involvement and emotional readiness during caregiving.

Many Teledyne Technologies employees in their mid-50s to early 60s come to discover that their retirement planning may have to expand to include the needs of their aging parents. As America’s population grows older, adult children frequently take on caregiving responsibilities for parents facing health issues, financial weaknesses, and cognitive decline. These realities influence family dynamics, investments, estate planning, taxes, and emotional well-being.

“Your parents' financial vulnerabilities become your financial stress unless you plan ahead and take a proactive role,” explains Brent Wolf, CFP®, an advisor at Wealth Enhancement.

Below are key considerations for individuals ages 55 to 65 who are preparing to support elderly parents.

1. Recognize the Early Signs of Cognitive Decline

For many families, cognitive decline in an aging parent typically appears gradually. Early warning signs may include:

- Repeatedly forgetting conversations
- Missing or duplicating bill payments
- Confusion about routine transactions
- Financial decisions influenced by new “friends”
- Unusual wire transfers or unexpected spending changes

Your role is not to diagnose—your role is to observe and speak up early. By addressing concerns promptly, you, your family, and your advisory team can potentially help mitigate the risk of future financial or cognitive harm.

2. Put Durable Power of Attorney and a Trusted Contact in Place

If a parent becomes cognitively impaired without a durable power of attorney, families often face a costly, lengthy conservatorship process. Teledyne Technologies employees can address this by planning ahead.

Consider getting the following key documents in place:

- A trusted contact authorization
- Durable Power of Attorney for finances
- HIPAA releases and health care power of attorney
- Updated beneficiary designations, wills, and trusts

These steps can help reduce uncertainty and lessen the risk of financial exploitation should a parent become more vulnerable.

3. Prepare for Health Care Shock: Medicare Has Gaps

Many households are surprised by how much Medicare does not cover. Common out-of-pocket costs include:

- Long-term custodial care (memory care, assisted living, in-home support)
- Prescription drugs
- Private caregivers and care managers
- Out-of-pocket deductibles and co-pays

To plan effectively, Teledyne Technologies employees should understand:

- What your parents’ insurance covers
- Their likely care expenses
- Whether self-funding or long-term care strategies may fit
- Whether Medicaid planning (with its five-year look-back) should begin early

Health care decisions become more urgent if cognitive decline is a concern.

4. Guard Your Parents Against Financial Abuse

Financial abuse is a growing threat for older adults—including parents of Teledyne Technologies employees. Common scams include:

- Romance schemes
- Fake IRS, FedEx, or government calls
- “Grandchild in trouble” scams
- Caregiver misconduct
- Pressure from acquaintances or distant relatives
- Fraudulent investment pitches

Adult children often hesitate to intervene, but silence can increase risk. Advisors can help monitor accounts, identify unusual activity, and place temporary holds when needed.

5. Organize the “Invisible” Parts of Their Financial Life

By age 80, even financially experienced parents may struggle to keep up with routine obligations such as:

- Required minimum distributions
- Quarterly tax payments
- Charitable documentation
- Insurance renewals
- Online passwords
- Property tax deadlines
- Portfolio withdrawal planning

Advisors can help reduce errors by automating tasks, consolidating accounts, and simplifying processes.

6. Bring the Entire Family Into the Conversation Early

The most challenging situations often arise when adult children learn of issues only after a crisis. Teledyne Technologies employees may benefit from:

- Annual family meetings
- Clear conversations about parents’ wishes
- Defined caregiving and financial roles
- Discussions around independence and dignity

Proactive communication may helps mitigate conflict and avoid last-minute decisions during emergencies.

7. Prepare Yourself Emotionally and Financially

Caring for aging parents can influence:

- Retirement timing
- Your ability to continue working
- Your cash flow
- Your mental and emotional resilience

Advisors can help you develop:

- A dedicated “parent care fund”
- Tax-efficient withdrawal strategies
- Cash flow outlines that factor in elder care
- Estate plans that reflect multigenerational needs

With thoughtful planning, supporting your parents does not have to disrupt your retirement goals—even for Teledyne Technologies employees navigating complex benefits.

8. Build a Team-Based Approach

Families caring for elderly parents often benefit from a coordinated team that may include:

- A financial advisor
- An attorney with experience working with seniors
- Tax specialist
- Geriatric care manager
- Estate planning attorney
- Health care advocates

Working together, these professionals can help manage risk for both parents and adult children through a unified strategy.

Conclusion

Aging is inevitable—but it does not have to create chaos. Early planning, while parents are still capable, can lessen emotional strain, help minimize family conflict, and ideally reduce the likelihood of financial harm.

“The best gift you can give your aging parents is structure, clarity, and a financial advocate who supports them when they can no longer support themselves,” says Brent Wolf.

For Teledyne Technologies employees ages 55 to 65, now is the time to act.

Taking the Next Step

The Retirement Group can help you design a Parent Care Plan that includes financial oversight, health care review, legal preparation, and fraud monitoring.

To speak with a team member who can guide you through each stage of the process, call (800) 900-5867 .

We are here to support you, your parents, and your family through every stage of life.

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Sources:

1. Alzheimer’s Association. “10 Early Signs and Symptoms of Alzheimer’s and Dementia.” Alzheimer’s Association , 2025, www.alz.org/alzheimers-dementia/10_signs .

2. Centers for Medicare & Medicaid Services. “Long-Term Care.” Medicare.gov , n.d., www.medicare.gov/coverage/long-term-care .

3. Federal Bureau of Investigation. “Elder Fraud.” FBI , U.S. Department of Justice, n.d., www.fbi.gov/how-we-can-help-you/scams-and-safety/common-frauds-and-scams/elder-fraud .

What type of 401(k) plan does Teledyne Technologies offer?

Teledyne Technologies offers a traditional 401(k) plan that allows employees to save for retirement on a tax-deferred basis.

How can employees of Teledyne Technologies enroll in the 401(k) plan?

Employees can enroll in the Teledyne Technologies 401(k) plan through the company’s HR portal during the open enrollment period or upon their eligibility date.

What is the employer match for the 401(k) plan at Teledyne Technologies?

Teledyne Technologies provides a matching contribution up to a certain percentage of the employee's salary, which is detailed in the plan summary.

Are there any eligibility requirements to participate in the Teledyne Technologies 401(k) plan?

Yes, employees must meet certain eligibility criteria, such as age and length of service, to participate in the Teledyne Technologies 401(k) plan.

Can employees of Teledyne Technologies change their contribution percentage?

Yes, employees can change their contribution percentage at any time through the HR portal or by contacting the benefits department at Teledyne Technologies.

What investment options are available in the Teledyne Technologies 401(k) plan?

The Teledyne Technologies 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and company stock.

Does Teledyne Technologies allow for loans against the 401(k) plan?

Yes, Teledyne Technologies allows employees to take loans against their 401(k) balance, subject to certain terms and conditions outlined in the plan.

What happens to my 401(k) account if I leave Teledyne Technologies?

If you leave Teledyne Technologies, you can either roll over your 401(k) balance to another qualified plan, cash out, or leave it in the Teledyne Technologies plan if you meet the minimum balance requirement.

How often can employees contribute to the Teledyne Technologies 401(k) plan?

Employees can contribute to the Teledyne Technologies 401(k) plan through payroll deductions, which occur with each paycheck.

Is there a vesting schedule for the employer match in the Teledyne Technologies 401(k) plan?

Yes, there is a vesting schedule for the employer match in the Teledyne Technologies 401(k) plan, which determines when employees fully own the employer contributions.