Jun 30, 2014 09:01 AM EDT By Joanna Richardson

Michael Douglas, Catherine Zeta-Jones News: Actor Opens Up About Being An ‘Old Dad’ And Drug Issues [VIDEO]

Michael Douglas is opening up about his life as an older parent and his older son's drug-related issues.

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Actor Michael Douglas takes part in a panel discussion of HBO's "Behind The Candelabra" during the 2013 Winter Press Tour for the Television Critics Association in Pasadena, California, January 4, 2013.
Photo Credit Reuters.com

Michael Douglas is opening up about his life as an older parent and his older son's drug-related issues. The Hollywood actor says that while he doesn't know many people his age with small children, he does think there are benefits to raising his kids, despite the fact that he's almost 70 years old.

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Douglas, who shares two children, Dylan, 13, and Carys, 11, with wife Catherine Zeta-Jones says he approaches parenting much differently now than he did when he was younger.

"Being an older dad has benefits. I don't know many parents my age who've got kids this age. I don't say you have to go to my extreme, but there's nothing wrong with guys having kids in their 50s," Douglas said.

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"In the early stages of one's life, ambition rules. Having children takes a lot of time to do properly, and I think sometimes people spread themselves too thin."

Douglas also opens up about the issues he's been having with his eldest son Cameron Douglas, from his ex-wife Diandra Luker. The 35-year-old is currently in prison serving time for drug dealing and possession. Through his own experience, Douglas is encouraging other parents to tackle drug-related issues with their children early on.

If you suspect your kids need help, take action immediately," he advices. "If you're talking about drug issues, you do whatever you can before they turn 18. Whatever it takes. Don't hesitate."

He added, "After they turn 18, you have no control anymore. However difficult it might be, if it looks to be a real issue, then you almost have to go for overkill."

Douglas has been married to Zeta-Jones since 2000. The couple separated last year but have since been working to patch up their marital issues.

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