Finances Articles

How much does it cost to live in a senior community? This is the first and most important question for most families beginning their search for senior living options. Understanding your loved one’s typical expenses and then budgeting appropriately are necessities with which a Senior Living Advisor can provide help. After reviewing the costs of living alone or with in-home care, you may find senior community living more affordable than you would expect.

When Elder Care Becomes Difficult, You Can Hire An Expert

Caring  for an elderly parent is emotionally and mentally draining. There are diagnoses to decipher, housing issues to consider, health aides to vet and a raft of legal documents to complete. It can seem overwhelming, even when families are in complete agreement on how to care for an elderly relative. And often they are not.

The NY Times has an article today on  what to do when you feel the situation …Read more ›

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Seniors will not be getting a cost-of-living adjustment (COLA) for first time in 35 Years!

Barring action by Congress, 2010 will be the first year in 35 years that seniors don’t get a cost-of-living adjustment. Benefits won’t shrink, but it may feel like a cut because of rising medical costs.

Come January, seniors may do a double take after seeing their Social Security checks. The 2- to 3-percentage-point increase in benefits they’ve been getting each year won’t be there.

That’s because, for the first time in three decades, the checks likely …Read more ›

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Taking Care of Parents Without Going Broke

The New York Times has a  nice article today about how to help cover costs when taking care of a parents.

About 30 percent of adult children in the United States contribute financially to their parents’ care, according to the Pew Research Center. On average these children pay $2,400 a year on everything from uncovered medical expenses to making sure the refrigerator is stocked each week. …Read more ›

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California’s new budget may force seniors who receive in-home care support to go to Nursing Homes

California’s $26.3 billion budget deficit is marginalizing seniors who rely on California state-provided health care and service to help them manage their lives.

“One endangered program is in-home support services for more than 400,000 elderly and disabled. Gov. Arnold Schwarzenegger has proposed cutting those services for all but the most severe cases, which could force many who are now independent to move into nursing homes. … Flora Mae King of San Bernadino turned 102 last …Read more ›

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Dealing with health providers when you are caring for an aging parent is never easy, but persistence pays off

Here is a sample of the emails we get from people dealing with the care of their parents.  We see how frustrating the experience can be at time (given the complexity of issues), and just how dedicated and persistent family members can be when it comes to the care of their loved ones!

“Caring for aging parent is much more difficult than I ever imagined. I’m sure everyone needs all the …Read more ›

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To CCRC or not to CCRC… That is the $500,000 Question.

In 2000, Jane Gross’ mother was to come back to New York to live with her children as her health started to fail. What started with this premise quickly became an ordeal for Jane. As her mother was transitioning away from independent living towards assisted living, questions became more and more complicated. While she hoped to go to a continued care retirement community (CCRC), she was daunted by the costs.
CCRC’s do cost a lot …Read more ›

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