Elder Care
Specialized care for seniors ranges from custodial care in a nursing home or help in an assisted-living facility, to home care and end-of-life hospice care. Financial planning for elder care includes plans to pay for the potential cost of care, as well as the legal documents to help manage care for you or your aging relatives.
How to Discuss Estate Planning With Aging Loved Ones
To ensure a productive conversation, preparation is key. Whether you plan to initiate the conversation privately with family or with the support of a CERTIFIED FINANCIAL PLANNER® professional, approach these conversations with sensitivity, respect and a willingness to support.
The Latest
In my LGBTQ+ community, we have said too many goodbyes to these matriarch women. We are a small and dwindling community nestled in the foothills of the North Georgia mountains, with little or no safe elder care housing options.
More than three-quarters of adults over the age of 90 receive caregiving due to mental or physical limitations. Caregiving has a major impact on our economy — in 2021, family caregivers' unpaid contributions had an estimated value of roughly $600 billion. If you anticipate becoming a full-time caregiver to one of your family members, whether due to disability, illness, or aging, it is imperative that you plan ahead for the expenses. Here are three things you must consider before you become a full-time caregiver.
When you were a child, your parents took care of your healthcare needs — from scheduling doctor appointments to filling your prescriptions. Now that you’re grown, the roles may reverse, and you may need to take control of your parents’ medical expenses.
When we hear the words financial fraud, it often sends us into a panic. Against this growing threat of scammers, you must be ready to safeguard your parents by becoming their trusted advocate. Here are seven steps you can take to begin the process of advocating for your parents and safeguarding their financial future.
Has your mother been significantly involved in the big financial decisions with your Dad, or does he handle them on his own? Does she meet with financial advisers or brokers? Does she know where all the money is kept?
Budgeting, risk management and investing decisions allow women to overcome disadvantages they face in retirement, and helps them achieve financial security.
When parents begin to realize they are no longer able to manage their own affairs, the family must unite to prepare for their future needs.
Just as we need to plan for emergencies, education costs, major purchases and retirement income, we must also prepare for the care for our elderly parents.