Category: Finances
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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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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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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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Mabel’s Story – The Importance of Good Financial Records
Mabel had been having difficulty gathering the necessary paperwork to prepare her taxes last year and was referred to me by a friend who volunteers helping seniors with their taxes at the senior center in Mabel’s town. Mabel was 82, with five adult children, and had been divorced and on her own for many years.…
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It Takes a Village – Gloria’s Story
I met Gloria through a social worker who worked onsite at the retirement community where Gloria was living. Gloria’s daughter had remarried and was moving across country with her husband. She was looking for someone to take over household management for her mom, and the social worker contacted me. My first task was to get…
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It Takes a Village: Lucy’s Story – Part II
In part one of my story about Lucy we left off with Lucy settling into her new home at an assisted living facility. I’d helped her move there from the home where she’d been living for almost 50 years. Shortly after the move her son returned from where he lives overseas to celebrate the holidays…
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It Takes a Village: Lucy’s Story – Part I
If you are caring for an aging loved one, you’ve probably already recognized that it’s difficult to do everything yourself, especially if you’re also trying to balance the needs of your own family and work obligations. The good news is, there are many resources available to you for help. In the coming months I’ll be…