Category: Families with Seniors

Are You Prepared for the Financial Impact of Caregiving?

One in five adults currently provides uncompensated caregiving for their families. The economic value of that care was $600 billion in 2021 not including out-of-pocket costs, lost wages, or the cost of more complex medical/nursing care. The need for care and associated expenses are also escalating every year as more people retire and live longer. […]

Tips For Managing Your Parents’ Finances

If your aging parents lose their ability to handle tasks, such as dealing with money, you may need to step in. Managing parents’ finances poses many challenges starting with how to raise the issue with them.

How Caregivers Can Take Better Care of Themselves

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.

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 […]

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 […]

Fatherly Financial Advice

In “Rich Dad Poor Dad,” Robert T. Kiyosaki laid out the advice that he says the wealthy pass on to their children. Whether rich or poor, many fathers try to guide their children toward financial responsibility. In honor of Father’s Day this month, we offer some fatherly advice for managing money. Hard work pays off. […]

Staying Connected Even When We Are Apart

“Shelter in place.” “Self-isolate.” “Flatten the curve.” Whatever you call it, the coronavirus has made staying inside, alone or with family, a challenge for all of us. These challenges can be magnified for seniors who may have special health concerns or require assistance with the basic activities of daily living. Seniors are especially vulnerable to […]

Gift Ideas for Aging Loved Ones

The holiday season is fast approaching. Whether you celebrate Christmas, Hanukkah, Kwanzaa, or any other family tradition, you will likely be thinking of gift-giving over the next month or so. While choosing just the right gift can be a challenge, selecting something appropriate for elderly loved ones is often especially tricky. By the time they […]

Medicare Open Enrollment Has Begun

For 2020 coverage, open enrollment for Medicare will run from October 15, 2019, to December 7, 2019. During the annual enrollment period you can sign up or make changes to your existing coverage. If you are currently receiving Social Security benefits, you are automatically enrolled in Medicare Parts A and B. If you’re turning 65 […]

Shining a Light on Alzheimer’s Dementia During World Alzheimer’s Month

According to the CDC, Alzheimer’s is the sixth leading cause of death in the United States. This means that there is a very good chance that you or someone you love could eventually face this disease for which there is no cure or effective treatments. In recognition of World Alzheimer’s Month, we are shining a […]

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