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Caring for an Aging Parent – Looking at Long Term Care Options
If you are caring for an aging loved one, you know that it can often be overwhelming. The good news is, help and resources are available! As a Financial Advocate for Seniors, part of the value I provide is helping adult children tap into resources and services – both mine and those of my trusted…
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What is a Professional Fiduciary?
I invited my friend and colleague Will Hoggan who is a private professional fiduciary to write this blog. As a private professional fiduciary at Hoggan Fiduciary Services I am often asked, “So what is a fiduciary?” I generally reply along the lines of, “Think of me as a professional son for hire.” Then I explain…
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Caring for someone with Dementia? 5 videos that can help.
Right now, 1 in 5 families is dealing with dementia. In 10 to 15 years from now, 1 in 2 families (every other one) will be dealing with this issue. Whether it affects us directly or indirectly it makes sense for all of us to become better equipped to deal with this coming tsunami. Teepa…
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What to look for this holiday season when visiting family
As you gather with loved ones this holiday season, take the opportunity to observe how older family members are doing, and assess whether they need some additional help. If you only see your parents a few times a year, you may, in fact, notice more changes than someone who sees them on a regular basis.…
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4 Tips for Avoiding Scams with the Affordable Care Act Rollout
While the Affordable Care Act, aka Obamacare, has been an ongoing topic in the news media for months now, there continues to be a fair amount of confusion and misinformation about its features, rules and timelines. This knowledge gap has opened the door for that continually evolving element: scammers. As 16 states, the District of…
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Seniors Burdened by Cost of Medications
As we age, we have more health issues to worry about. Bones, joints, muscles and organs have to work a little harder as time passes, and doctors’ visits become more frequent. Even if we strive to live a healthy lifestyle, there are still some things we just can’t avoid. And along with the extra time…
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Fred and Elsa’s Story – Making Hoarders’ Home Safe
When I was referred to Elsa through a friend of mine, her husband, Fred, was about to come home after an extended illness. He’d spent a long stay in the hospital with congestive heart failure, and then had been transferred to a skilled nursing facility. As he had reached the Medicare coverage limit for skilled…
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Jerry’s Story Part 2 – Financing Long Term Care
In my last blog we met Jerry, whose family hired me to analyze his financial situation so they could plan for when his long term care insurance benefits ended in two years. Jerry, 75, was living in his own condominium, but required 24-hour care due to a variety of medical issues. I researched four housing…
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Jerry’s Story – Financing Long Term Care
According to the AARP (American Association of Retired Persons), 89% of people over 50 want to remain in their own homes as they age. For some seniors, however, “aging in place” may not be a viable option due to health, safety or financial factors. A thorough analysis of these factors vis a vis the various…
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MaryAnn’s Story – Managing a Budget 101
One of the biggest contributors to strained relationships within families is money. This is especially true in families where adult children recognize and try to address the need to help their aging parents with their finances. A qualified, third-party financial professional, such as a Daily Money Manager can provide tremendous value – both in keeping…
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