Getting ready for retirement usually means examining Medicare options, downsizing and beginning to budget with retirement funds. One preparation which may not come to mind is paying for long-term care. This type of care includes nursing home, hospice, and personal care services and is not covered by Medicare. While some may have long-term care insurance… Read More »
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Ways to Remain Healthy During Your Retirement Years
Retirement can mean exchanging a busier working lifestyle for one which includes leisure and approaching life at a slower pace. While there is a lot to be said for taking the time to slow down and appreciate your new surroundings, your retirement does not have to be sedentary. In fact, one way to help ensure… Read More »
Preparations for Adult Children with Mental Health Issues
When an adult has a severe mental illness, their parents are often tasked with helping them manage their symptoms. In the case of a debilitating condition, the child may not be able to work or otherwise provide for their own needs. Parents in this circumstance will naturally have concerns about how their child will be… Read More »
Downsizing During Retirement
Adjusting from having your employment income to living off of your retirement funds can mean having to make significant changes to your spending habits. However, with careful planning, you can prepare for this shift in funding source availability and cut back on unnecessary costs. One way to ensure that you have the funds you need… Read More »
When Your Parent Needs a Guardian
As our parents get older, they may experience the ordinary physical and mental challenges which come with aging. However, in more extreme cases a parent’s functioning may be so severely limited as to make it difficult for them to take care of their daily needs. In this circumstance, adult children may find themselves in the… Read More »
Dementia Support Programs for Caregivers
Being a caregiver to a loved one with dementia requires a high degree of dedication and selflessness as well as a tremendous amount of patience. Caring for someone with this condition can mean spending hours taking them to various appointments and keeping up with their medication and health care needs while providing a safe and… Read More »
Challenges to Conservatorship
When a person is no longer able to govern their financial interest effectively, it may be necessary for a loved one or other concerned party to ask a court to appoint a conservator to make financial decisions on their behalf. However, in some circumstances, the person may disagree with this appointment. Here are some important… Read More »
Improving Your Retirement Plan
Retirement is a goal for many Americans. Ideally, after years of devoting themselves to work, an individual will be able to transition comfortably into enjoying their post-employment life. However, to achieve this goal, it is critical that potential retirees take steps today to prepare for their future. While you may have made some preparations, there are… Read More »
ABLE Accounts and How They Can Support Your Loved One
Millions of families rely on public benefits to provide for their loved ones who have disabilities. While these resources can help cover basic expenses, in most cases, they will not be enough to provide for all of their needs sufficiently. These benefits are also income sensitive meaning that a recipient is severely limited in the… Read More »
Managing Age-Related Illness
Entering our senior years can be a time of celebration as retirement begins. However, this may also be a time when age-related medical conditions can arise. Some may experience physical limitations due to diabetes, bone loss, or reduced muscle mass while others can find that their memory and cognitive functioning are impaired due to brain… Read More »