Discussing Your Parent’s Financial Future Financial experts agree: waiting too long to talk about money with aging parents is a mistake—especially if cognitive decline has already begun. These conversations take time, and you’ll need to gather documents, understand their financial picture, and plan for future care needs. The best time to start is while your […]
Talking to Your Parents About Estate Planning For many families, talking about estate planning is one of the hardest conversations to start. It can feel uncomfortable to discuss money, health care decisions, and end-of-life wishes with aging parents. But avoiding the topic can create far greater stress later. A well-prepared estate plan can: Reduce
End-of-Life Care: Why Planning Now Matters Talking about mortality can be uncomfortable, but it’s one of the most important conversations you can have with your loved ones. With thoughtful planning, you can ensure that your estate plan and healthcare arrangements truly reflect your wishes and reduce stress for your family during a difficult time. Prioritize
Helping a Loved One in a Nursing Home Advocating for a loved one in a nursing home has always been important. However, since the COVID-19 pandemic, this role has become more critical—and more complex—than ever before. Residents and staff in long-term care facilities were among the hardest hit in the early stages of the pandemic.
Paying for Long-Term Care According to the U.S. Department of Health and Human Services (HHS), nearly 70% of retirees will require some form of long-term care (LTC) during their lifetime. The median annual cost of care ranged from $53,768 to $105,850 in 2020 (Genworth). As retirees live longer, these expenses—and the risk of outliving one’s