Being a caregiver can take a tremendous toll on a person’s physical, mental, and emotional health. Caregivers can be so busy helping a loved one while also managing their own personal and work life, that they don’t have time to take care of themselves. This can leave them vulnerable to health issues. If you’re a caregiver, it’s crucial to make time for self-care for your sake and your loved ones.
The LK Blog
Who Will Handle Your Finances If You Become Incapacitated or Seriously Ill?
Planning for incapacity or serious illness can be just as difficult as planning for death. Who wants to think of themselves as being sick and unable to handle paying bills or managing their money? This doesn’t just include lying on your deathbed in the hospital. It encompasses a wide array of situations that may temporarily […]
5 Financial Strategies to Help You Survive a Gray Divorce
According to several studies, currently, more than a third of all U.S. divorces are “gray divorces” – that is, involve couples who divorce after the age of 50. The financial impact of such divorces is significant, particularly for older women who can see their standard of living decline by 45% compared to 21% for men. […]
What’s Your Plan for Aging?
Aging is inevitable, but if you are like most people, you probably haven’t planned for it as well as you could. Sure, you may worry about whether you’ll have enough money to last for the rest of your life but have you really analyzed your finances in depth? Do you have essential legal documents to […]
Coping with Early-Stage Dementia
June is Alzheimer’s and Brain Awareness Month and its goal is to educate people about Alzheimer’s and other forms of dementia and the care that individuals with the disease require. As we age, we’re more likely to know someone dealing with dementia personally or within their families. My wife’s father had Alzheimer’s and a young friend […]
8 Tips for Spring Cleaning Your Finances
Spring is in the air and it’s time to clean up the house but don’t forget to clean up your finances while you are at it. You probably reviewed your finances over the last few months to prepare your tax return. Now, it’s time to get organized, purge documents, review your budget, and take on […]
Smaller than Expected Tax Refund? Three Things You Should Consider
Did you do your tax return and discover that your refund won’t be as large as you thought? Finding out that you won’t get the money you counted on can be very upsetting. Many people use their tax refunds to pay for large annual expenses like property taxes or insurance or to put away for […]
How to Cope with Cleaning Out Your Loved One’s Closet
One of the many tasks that have to be taken care of when a loved one dies is to go through his or her possessions and decide what to do with them. This can be very emotional especially when you don’t have much time to get it done because the home needs to be vacated […]
How to Protect Yourself and Loved Ones from Scams and Financial Abuse
According to a report by AARP, the rate of elder financial exploitation has more than doubled since the pandemic began with COVID-related scams resulting in an estimated $100 million in losses in 2020 alone. In addition, older adults are not the only victims. In 2021, the Federal Trade Commission (FTC) found that adults between 18 […]
Do You Have a ‘Just-in-Case’ Box?
At the beginning of COVID, many people who lost loved ones found themselves scrambling to figure out how to handle legal and financial issues. This was particularly true if the individual who passed away was the person who handled finances for the family. Unfortunately, such problems are very common irrespective of COVID. The best way […]
