Financial Planning

• How To Take Over Your Parent’s Finances

  

  Being the child of an aging parent often comes with unexpected responsibilities and difficult decisions. Not only do your roles begin to shift as you take on more duties to care for your parent, but you may also end up making choices for your parent that they would normally make independently. If the time comes…

  January 18, 2024
• Financial Independence for Older Adults

  

  During the “golden years” (between 65 and 80), many adults are living out their retirement years and no longer have dependents they have to provide for financially. Ideally, the golden years should be relaxed and financially comfortable. But Elder Care Alliance recognizes how easy it can be for older adults to feel stressed and worried……

  July 17, 2023
• Financial Tips for Seniors in the Digital Age

  

  Older adults may need help keeping their finances digitally secure. Digital banking can make it easier for your loved ones to access their finances and keep track of transactions. However, online banking can confuse older adults (which is why they often rely on their children and grandchildren to help them). Here are a few tips……

  March 7, 2022
• Why is Older Adult Living So Expensive?

  

  If you’ve noticed your cost of living increasing each year, you’re not alone. Everything costs more today than it did even five years ago. And if you’re an older adult who fondly remembers $90-a-month mortgage payments and 49-cents-a-pound ground beef, wrapping your head around today’s prices can be difficult at best. Do you wish to……

  October 1, 2021
• Why Women Should Plan for Long-Term Care

  

  With 10,000 people turning 65 each day, the subjects of aging and long-term care are of vital importance to millions of people and their loved ones. That’s why long-term care planning is an important task for so many. It not only gives peace of mind, but it can help save money in the long run……

  May 1, 2021
• Exploring the Cost of Assisted Living

  

  When you or your loved ones are faced with deciding between senior care options, chances are cost is at the top of your list regarding things you need to consider. With the average cost of assisted living going up every year, it’s also an important conversation to have with your loved ones.  The cost of……

  April 1, 2021
• How to Pay for Assisted Living or Memory Care

  

  The choice to place a loved one into assisted living or memory care comes with an array of questions: How does one pay for assisted living? Continue Reading How to Pay for Assisted Living or Memory Care

  December 16, 2019
• 5 Ways to Prevent Elder Financial Abuse

  

  In an increasing — and alarming — number of cases, older adults become the victims of financial abuse, often at the hands of family members, guardians and other care partners. As many as one in 20 seniors reports having been the victim of financial abuse, and the problem cost victims nearly $3 billion last year.……

  June 27, 2018
• Exploring the Uncharted World of Financial Caregiving

  

  Every year, older adults lose billions of dollars to fraud. Trusted financial care partners — who help older adults pay their bills and monitor their accounts — serve as a critical defense against scammers. Some elders benefit from loved ones contributing to the costs of care. However, a recent study from Age Wave and Merrill……

  April 24, 2018
• Long-Term Care Planning Month and National Save for Retirement Week

  

  If you are considering a move to senior living for yourself or a loved one, you may wonder about the costs and possible payment sources. Questions around pricing for assisted living and other levels of senior living come into special focus in October as Long-Term Care Planning Month. In addition, National Retirement Security Week —……

  September 27, 2017