Obtaining an insurance policy is insuring protection of an event that may or may not ever happen. The question is, "Do we plan or hope for the best?" Long term care insurance provides dollars to pay for needed care in the home or facility settings in the event of an extended illness [...]
As a life coach for seniors, I frequently have conversations with folks who are thinking about retiring, moving from one home to another, and, of course, creating new roles and adventures. I have these conversations with individuals, but also in groups, when participants can share their concerns and ideas, and support each other. [...]
Celebrating our traditions of summer with cookouts, vacations and long nights gives us a joy of grateful fortune, an outlook of success, a bright future, and happiness in the days ahead. Many are not able to enjoy these celebrations due to some of the realities of life that are not so pleasurable. We’ve always been told by our elders, not to take life for granted. Respect and enjoy the freedoms given to us. If we plan for our tomorrows, that often involves insurance that help us manage events that could otherwise have catastrophic financial consequences. [...]
Planning often involves reviewing insurance programs that help us manage events that could otherwise have catastrophic financial consequences. One of the most important conversations to have with family members is Long Term Care Planning. As we age, our bodies begin to require certain assistance for us to function. Long term care is assistance provided because of the inability to perform activities of daily living due to an illness, injury, or progressive cognitive impairment. [...]
A properly designed long term care plan may seem small in the grandeur of financial planning, but its’ absence is very real at the time of an event. An unexpected turn of health can cause consequences that one may never financially recover from. Simply put, as you age, your body may require a variety of care options that come at a cost from an accident or a progressive debilitating illness. As you enjoy life today, the thought of an extended care event is not on most radars but you still need to plan if and/or when that event could occur. [...]
A NEW STAGE OF OPPORTUNITY AND STRENGTH. Creating a fulfilling future can seem difficult. We run into obstacles. We are unsure about how to move ahead. We need guidance and support to create a "new stage of opportunity and strength" that may involve relocating, deciding to retire, finding new creative outlets, volunteering, and planning adventures. This is where a life coach for seniors comes in. [...]
Three words we want to hear are “I love you.” Three words families don’t want to hear are “Long term care.” These are three words that many families learn the hard way when a loved one’s extended care event begins. Long term care is assistance provided because of their inability to perform activities of daily living due to an illness, injury, or progressive, sudden, cognitive impairment such as dementia or Alzheimer’s. [...]
When Jane Fonda celebrated her 60th birthday, she took stock, seeing her life in three acts. She decided that getting older was not "pathology" or a downward plunge. Getting older, she said, was "potential." Adding years brings "us into wisdom, wholeness, and authenticity." She suggests a life review for a wise Third Act. Today's mature adults want to be active and engaged, exploring and experiencing. [...]
I am honored to write a few thoughts about extended care planning each quarter. The objective of my column is to equip you, the reader, to prepare for an unannounced health event leading to a short or long term care event that could potentially have huge consequences to your retirement plan. Sometimes it’s only one reader whose comments make it all worth the effort. [...]
We retire when the time is right. We enjoy open schedules and limited responsibilities. And then, after a while, we notice we are getting a little itchy, a little uncomfortable, a little undirected. Social scientists call these feelings "the end of the honeymoon period." [...]
