Aging is the sign of a successful life. After all, when you think about the alternative to aging your perspective about getting older shifts. You should start seeking self-sufficiency for your retirement years well before the age of sixty-five. But, even if you have not done so, don’t shun the planning stages. You need to address planning no matter what your age. Some preparation is better than none at all. It can provide you with some peace of mind and can take pressure off of family members who would have to make their own income adjustments to be able to provide money to support your cost of living. No one wants to become a burden to their children or otherwise extended family. It feels good to be able to provide for oneself (and one’s spouse) no matter how lavishly or modestly. It is a relief to know that you have solid plans as well as contingency plans for the future. Although it can be hard work and tough to realize how much it will take to cover your future living expenses, putting off the planning stage does not lead to easier or better outcomes.
It is no secret that we are living longer. In fact, the life expectancy for women in the U.S. is 81.2 years and for males, it’s 76.4 years.
Still, that doesn’t mean that elderly parents or relatives will always be spry and able to easily manage their activities of daily living. How can you tell if your loved one needs help at home?
You don’t want to offend them by imposing something on them, but at the same time you don’t want something to happen that could have been avoided, had there been some assistance in place. Here are some signs to watch for:
Many people, as they get older, choose to have a joint bank account with a family member, such as a son or daughter.
The idea behind this is to have one less thing to worry about since a joint account is an easy way for someone else to have access to funds for day to day expenses. While this sounds great in principle, there are pitfalls to having a joint bank account:
The decision to place a loved one in a nursing home is difficult enough, but families also need to decide which one is the best choice. There are so many options, so how do you know which one is right?
Nursing homes provide 24-hours patient care, home-like environment, ensure proper nutrition and have skilled nurses. What else needs to be considered in choosing the right place? What steps should you take in selecting one for your loved one?
Make a checklist and get every question answered before selecting which home you believe is best.
1. Do Your Research: The first step in selecting a nursing home is to seek referrals. Talk with your doctor, long-term care professionals, hospital discharge planners, social workers and friends and family. Speaking with them can help you clarify issues and focus on your needs. Makes sure that the patient and members of the family are all involved in the decision-making process. Continue Reading Choosing the Right Nursing Home
Are you thinking about traveling this summer? Senior citizens love to travel over the summer. It is important to keep health and travel safety concerns at the forefront. It can ensure a safe, fun, and problem free trip. Here are some tips to ensure safe travel:
To keep yourself healthy while traveling, follow these tips:
- Pay attention to the heat and stay hydrated. The easiest way to stay cool and comfortable is to drink 6-8 glasses a day. Don’t wait till you are thirsty…drink throughout the day even if you aren’t thirsty.
- Increase fluid intake by eating fresh fruits and vegetables. Continue Reading Tips for Safe Summer Travel
According to a recent article in Elder Law Answers, 70 percent of the nation’s wealth is controlled by people age 55 and older. Of course, as people get older they need help with day to day activities and finances can be one of those activities. That’s where the potential for fraud comes in.
Many times the perpetrators are people that the victim knows, such as an adult child, grandchild or employed caregiver. Signs that fraud is taking place include: