<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	>

<channel>
	<title>Financial Planning for Seniors, Texas Medicaid Eligilibility</title>
	<atom:link href="http://seniorsfinancialsolutions.com/feed/" rel="self" type="application/rss+xml" />
	<link>http://seniorsfinancialsolutions.com</link>
	<description></description>
	<lastBuildDate>Wed, 18 Aug 2021 15:15:12 +0000</lastBuildDate>
	<language>en-US</language>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
	<generator>http://wordpress.org/?v=3.4.2</generator>
		<item>
		<title>Supporting Eldercare Workers</title>
		<link>http://seniorsfinancialsolutions.com/supporting-eldercare-workers/</link>
		<comments>http://seniorsfinancialsolutions.com/supporting-eldercare-workers/#comments</comments>
		<pubDate>Mon, 09 Dec 2013 17:40:19 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[The Golden Years]]></category>

		<guid isPermaLink="false">http://seniorsfinancialsolutions.com/?p=755</guid>
		<description><![CDATA[As children, we rely on our parents for care. As we age and become more independent, we often find ourselves involved in the care of our aging parents and this care is often in the parents’ own home. And while family caregivers play an increasingly important role in providing the care required for older adults live in their homes longer, the work is typically buffeted and supported with the aid of personal and home care assistants. Adults with cognitive and/or physical challenges often need help with dressing, taking medications, preparing meals, and getting around the house and to the bathroom. Personal and home care assistants (PHCAs) are employed to do this work and, as such, they become a trusted companion and resource for their client. The work they do is vital to the dignity of each client’s quality of life. Despite the important role of PHCAs, workers are commonly undercompensated and often work with few, if any, medical or retirement benefits. However, organizations such as the LeadingAge Center for Applied Research are working hard to scaffold the level of training these workers receive, increase their compensation, and to raise the profile of PHCAs to the point that they are seen as a critical component in the care and treatment of an increasingly large population of seniors in America. In addition to the work of organizations such as LeadingAge, persons that employ PHCAs need to inquire about each worker’s level of training and to ensure workers have the level of competency required by their clients. Additionally, be sure to pay competent workers a fair and living wage. This ensures that quality eldercare workers can afford to continue their important work. Home care is a growing business. As it evolves, it needs to be filled with trained and well-rewarded personal and home care assistants. All of us benefit when the ones we love are taken care in a professional and caring manner. &#160; Source: Huffington Post &#160;]]></description>
			<content:encoded><![CDATA[<p><a href="http://seniorsfinancialsolutions.com/wp-content/uploads/2013/12/Screen-Shot-2013-12-09-at-11.40.23-AM.png"><img class="alignleft  wp-image-756" title="Screen Shot 2013-12-09 at 11.40.23 AM" src="http://seniorsfinancialsolutions.com/wp-content/uploads/2013/12/Screen-Shot-2013-12-09-at-11.40.23-AM.png" alt="Support the senior care workers" width="332" height="222" /></a>As children, we rely on our parents for care. As we age and become more independent, we often find ourselves involved in the care of our aging parents and this care is often in the parents’ own home. And while family caregivers play an increasingly important role in providing the care required for older adults live in their homes longer, the work is typically buffeted and supported with the aid of personal and home care assistants.</p>
<p>Adults with cognitive and/or physical challenges often need help with dressing, taking medications, preparing meals, and getting around the house and to the bathroom. Personal and home care assistants (PHCAs) are employed to do this work and, as such, they become a trusted companion and resource for their client. The work they do is vital to the dignity of each client’s quality of life.</p>
<p>Despite the important role of PHCAs, workers are commonly undercompensated and often work with few, if any, medical or retirement benefits. However, organizations such as the LeadingAge Center for Applied Research are working hard to scaffold the level of training these workers receive, increase their compensation, and to raise the profile of PHCAs to the point that they are seen as a critical component in the care and treatment of an increasingly large population of seniors in America.</p>
<p>In addition to the work of organizations such as LeadingAge, persons that employ PHCAs need to inquire about each worker’s level of training and to ensure workers have the level of competency required by their clients. Additionally, be sure to pay competent workers a fair and living wage. This ensures that quality eldercare workers can afford to continue their important work.</p>
<p>Home care is a growing business. As it evolves, it needs to be filled with trained and well-rewarded personal and home care assistants. All of us benefit when the ones we love are taken care in a professional and caring manner.</p>
<p>&nbsp;</p>
<p>Source: <a href="http://www.huffingtonpost.com/robyn-stone/caring-for-aging-parents_b_4064505.html" target="_blank">Huffington Post</a></p>
<p>&nbsp;</p>
]]></content:encoded>
			<wfw:commentRss>http://seniorsfinancialsolutions.com/supporting-eldercare-workers/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Aging In The Western World: Does Asian Culture Hold The Key?</title>
		<link>http://seniorsfinancialsolutions.com/aging-in-the-western-world-does-asian-culture-hold-the-key/</link>
		<comments>http://seniorsfinancialsolutions.com/aging-in-the-western-world-does-asian-culture-hold-the-key/#comments</comments>
		<pubDate>Mon, 09 Dec 2013 17:23:41 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[The Golden Years]]></category>

		<guid isPermaLink="false">http://seniorsfinancialsolutions.com/?p=751</guid>
		<description><![CDATA[Growing old is a fact of life, but with life expectancy rising, many elderly are finding their senior years to be less than ideal. For example, in Britain, Health Secretary Jeremy Hunt recently raised the issue of how society cares for its elderly. Research has suggested that upwards of 800,000 older Britons are lonely while as many as five million people indicate that television is their primary form of companionship. These numbers mirror the situation in other developed nations, such as the United States. Societies the world over are struggling to deal with aging populations. Hunt, in summing up the issue and suggesting a solution, stated, “&#8221;There is a broader problem of loneliness that in our busy lives we have utterly failed to confront as a society.&#8221; He goes on to suggest that Britain should take a hint from Japan and China where elderly parents often live with their children and their families. He emphasizes a reinvigoration of respect and cohabitation across generations. In England, the cause for concern has been heightened in recent months by reports of abuse and neglect in care homes as well as in studies indicating that elderly patients received only 15 minutes of personal attention a day. Across the Western world, the attitude surrounding aging must improve, and as Hunt notes, &#8220;it will only start with changes in the way we personally treat our own parents and grandparents.&#8221; &#160; Source: Channel Asia News]]></description>
			<content:encoded><![CDATA[<p><a href="http://seniorsfinancialsolutions.com/wp-content/uploads/2013/12/japanese-culture.jpg"><img class="alignright  wp-image-752" title="japanese culture" src="http://seniorsfinancialsolutions.com/wp-content/uploads/2013/12/japanese-culture.jpg" alt="" width="185" height="320" /></a>Growing old is a fact of life, but with life expectancy rising, many elderly are finding their senior years to be less than ideal. For example, in Britain, Health Secretary Jeremy Hunt recently raised the issue of how society cares for its elderly. Research has suggested that upwards of 800,000 older Britons are lonely while as many as five million people indicate that television is their primary form of companionship. These numbers mirror the situation in other developed nations, such as the United States. Societies the world over are struggling to deal with aging populations.</p>
<p>Hunt, in summing up the issue and suggesting a solution, stated, “&#8221;There is a broader problem of loneliness that in our busy lives we have utterly failed to confront as a society.&#8221;</p>
<p>He goes on to suggest that Britain should take a hint from Japan and China where elderly parents often live with their children and their families. He emphasizes a reinvigoration of respect and cohabitation across generations.</p>
<p>In England, the cause for concern has been heightened in recent months by reports of abuse and neglect in care homes as well as in studies indicating that elderly patients received only 15 minutes of personal attention a day.</p>
<p>Across the Western world, the attitude surrounding aging must improve, and as Hunt notes, &#8220;it will only start with changes in the way we personally treat our own parents and grandparents.&#8221;</p>
<p>&nbsp;</p>
<p>Source: <a href="http://www.channelnewsasia.com/news/lifestyle/britain-looks-to-asia-to/852814.html" target="_blank">Channel Asia News</a></p>
]]></content:encoded>
			<wfw:commentRss>http://seniorsfinancialsolutions.com/aging-in-the-western-world-does-asian-culture-hold-the-key/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The Retirement Crisis</title>
		<link>http://seniorsfinancialsolutions.com/the-retirement-crisis/</link>
		<comments>http://seniorsfinancialsolutions.com/the-retirement-crisis/#comments</comments>
		<pubDate>Fri, 06 Dec 2013 21:33:11 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[The Golden Years]]></category>

		<guid isPermaLink="false">http://seniorsfinancialsolutions.com/?p=749</guid>
		<description><![CDATA[So don&#8217;t freak out the rumors about a Retirement Crisis that have been circulating the news and web, can be toned down a bit now that we know that this Retirement Crisis isn&#8217;t as bad as some made it out to be. The research was done and published by three organizations-  The American Council of Life Insurers, The American Benefits Council and The Investment Company Institute. Now knowing that the Retirement Crisis isn&#8217;t so bad, doesn&#8217;t necessarily mean you don&#8217;t have to worry about your retirement till later. The best approach would be to start planning for it now. To read more on this article click HERE.]]></description>
			<content:encoded><![CDATA[<p>So don&#8217;t freak out the rumors about a Retirement Crisis that have been circulating the news and web, can be toned down a bit now that we know that this Retirement Crisis isn&#8217;t as bad as some made it out to be. The research was done and published by three organizations-  The American Council of Life Insurers, The American Benefits Council and The Investment Company Institute. Now knowing that the Retirement Crisis isn&#8217;t so bad, doesn&#8217;t necessarily mean you don&#8217;t have to worry about your retirement till later. The best approach would be to start planning for it now.</p>
<p>To read more on this article click <a href="http://www.nbcnews.com/business/retirement-crisis-not-so-bad-after-all-2D11691758" target="_blank">HERE</a>.</p>
]]></content:encoded>
			<wfw:commentRss>http://seniorsfinancialsolutions.com/the-retirement-crisis/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Being Self Employed is Harder on Retirement</title>
		<link>http://seniorsfinancialsolutions.com/being-self-employed-is-harder-on-retirement/</link>
		<comments>http://seniorsfinancialsolutions.com/being-self-employed-is-harder-on-retirement/#comments</comments>
		<pubDate>Wed, 27 Nov 2013 17:19:04 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[The Golden Years]]></category>

		<guid isPermaLink="false">http://seniorsfinancialsolutions.com/?p=744</guid>
		<description><![CDATA[Having a privately owned business and being self employed can have its perks. But with recent studies, at about 40% of self employed American citizens do not save money on a regular basis for their retirement. And 28% of the self employed are not saving for retirement at all. With the &#8220;American Way&#8221; of thinking, if you got the money to spend, then spend it, saving money for your retirement can be a challenge to some. To read more on this article click the link below to follow on the story. &#160; Crain&#8217;s Detroit Business &#160; &#160; &#160; &#160; &#160;]]></description>
			<content:encoded><![CDATA[<p>Having a privately owned business and being self employed can have its perks. But with recent studies, at about 40% of self employed American citizens do not save money on a regular basis for their retirement. And 28% of the self employed are not saving for retirement at all. With the &#8220;American Way&#8221; of thinking, if you got the money to spend, then spend it, saving money for your retirement can be a challenge to some. To read more on this article click the link below to follow on the story.</p>
<p>&nbsp;</p>
<p><a href="http://www.crainsdetroit.com/article/20131127/NEWS/131129888/self-employed-individuals-still-need-to-save-for-retirement" target="_blank">Crain&#8217;s Detroit Business</a></p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
]]></content:encoded>
			<wfw:commentRss>http://seniorsfinancialsolutions.com/being-self-employed-is-harder-on-retirement/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Elder Care: Comparing the Costs</title>
		<link>http://seniorsfinancialsolutions.com/elder-care-comparing-the-costs/</link>
		<comments>http://seniorsfinancialsolutions.com/elder-care-comparing-the-costs/#comments</comments>
		<pubDate>Wed, 16 Oct 2013 19:07:14 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[The Golden Years]]></category>

		<guid isPermaLink="false">http://seniorsfinancialsolutions.com/?p=730</guid>
		<description><![CDATA[Within the next 20 years Baby Boomers will be reaching the age where they will require senior care and the best way to be prepared for that is to start planning now. And depending on what kind and how much care an elder needs under their circumstance (senior with Alzheimer&#8217;s, or Diabetic&#8230;)  will result in how much money will be spent for that care. Whether they require in-home care, assisted living or a nursing home do your research now and prepare for the future. To read more on the article click HERE.]]></description>
			<content:encoded><![CDATA[<p>Within the next 20 years Baby Boomers will be reaching the age where they will require senior care and the best way to be prepared for that is to start planning now. And depending on what kind and how much care an elder needs under their circumstance (senior with Alzheimer&#8217;s, or Diabetic&#8230;)  will result in how much money will be spent for that care. Whether they require in-home care, assisted living or a nursing home do your research now and prepare for the future.</p>
<p>To read more on the article click <a href="http://www.aplaceformom.com/senior-care-resources/articles/elder-care-costs" target="_blank">HERE</a>.</p>
]]></content:encoded>
			<wfw:commentRss>http://seniorsfinancialsolutions.com/elder-care-comparing-the-costs/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Many Medicare Plans Will Need To Be Tweaked Soon</title>
		<link>http://seniorsfinancialsolutions.com/many-medicare-plans-will-need-to-be-tweaked-soon/</link>
		<comments>http://seniorsfinancialsolutions.com/many-medicare-plans-will-need-to-be-tweaked-soon/#comments</comments>
		<pubDate>Tue, 15 Oct 2013 15:46:52 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[The Golden Years]]></category>

		<guid isPermaLink="false">http://seniorsfinancialsolutions.com/?p=727</guid>
		<description><![CDATA[The open-enrollment period for Medicare begins today, October 15th. Many senior citizens have recently received letters indicating that their previous benefit plans have been dropped or changed, which means many seniors will be in need of advice about their best course of action moving forward. Popular providers United Healthcare, Bravo Health, and Highmark all cancelled some of their low-premium, low-deductible offerings. Seniors will need to select a new plan for 2014. Changes have occurred to several other plans, so it is worth looking into if you currently receive Medicare. You can click here to read more at the Pittsburgh Post Gazzette.]]></description>
			<content:encoded><![CDATA[<p>The open-enrollment period for Medicare begins today, October 15th. Many senior citizens have recently received letters indicating that their previous benefit plans have been dropped or changed, which means many seniors will be in need of advice about their best course of action moving forward.</p>
<p>Popular providers United Healthcare, Bravo Health, and Highmark all cancelled some of their low-premium, low-deductible offerings. Seniors will need to select a new plan for 2014. Changes have occurred to several other plans, so it is worth looking into if you currently receive Medicare.</p>
<p>You can <a href="http://www.post-gazette.com/stories/business/news/many-medicare-benefits-canceled-707605/">click here to read more at the Pittsburgh Post Gazzette</a>.</p>
]]></content:encoded>
			<wfw:commentRss>http://seniorsfinancialsolutions.com/many-medicare-plans-will-need-to-be-tweaked-soon/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Planning for Senior Care Is Essential</title>
		<link>http://seniorsfinancialsolutions.com/planning-for-senior-care-is-essential/</link>
		<comments>http://seniorsfinancialsolutions.com/planning-for-senior-care-is-essential/#comments</comments>
		<pubDate>Mon, 07 Oct 2013 16:42:45 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[The Golden Years]]></category>

		<guid isPermaLink="false">http://seniorsfinancialsolutions.com/?p=724</guid>
		<description><![CDATA[Providing the senior care yourself or with a family&#8217;s help, can be easier said then done. In many family households&#8217; the responsibilities of just the general everyday work that needs to get done within the day, has many parents running back and forth already. And just adding another member in within that equation that may require 20+ hours during the week of constant attention can take its toll and sometimes break a family. As much as they want to provide and care to do the service themselves planning for the extra help that is required can help a family stay strong and healthy. Click and continue reading more HERE about the article, &#8220;Near or Far, Caregiving is Essential&#8221; .]]></description>
			<content:encoded><![CDATA[<p>Providing the senior care yourself or with a family&#8217;s help, can be easier said then done. In many family households&#8217; the responsibilities of just the general everyday work that needs to get done within the day, has many parents running back and forth already. And just adding another member in within that equation that may require 20+ hours during the week of constant attention can take its toll and sometimes break a family. As much as they want to provide and care to do the service themselves planning for the extra help that is required can help a family stay strong and healthy.</p>
<p>Click and continue reading more <a href="http://www.everydayhealth.com/senior-health/near-or-far-caregiving-is-essential.aspx" target="_blank">HERE</a> about the article, &#8220;Near or Far, Caregiving is Essential&#8221; .</p>
]]></content:encoded>
			<wfw:commentRss>http://seniorsfinancialsolutions.com/planning-for-senior-care-is-essential/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Being A Grandparent</title>
		<link>http://seniorsfinancialsolutions.com/being-a-grandparent/</link>
		<comments>http://seniorsfinancialsolutions.com/being-a-grandparent/#comments</comments>
		<pubDate>Thu, 26 Sep 2013 18:00:24 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[The Golden Years]]></category>

		<guid isPermaLink="false">http://seniorsfinancialsolutions.com/?p=712</guid>
		<description><![CDATA[&#160; Few things in life are as significant as becoming a grandparent. This familial growth creates opportunities for nurturing relationships and enduring legacies. As a grandparent, you create those legacies by sharing the activities you love as well as by listening to your grandchildren. You have an opportunity to influence a developing mind, to support your own children in their role as parents, and to provide joy in a child’s life. Typically, as a grandparent, you are not part of the day-to-day responsibilities of parenting. Your presence, however, provides a child with continuity to an extended family. You can share family histories, funny stories of their own parents, and the traditions of your own upbringing. Additionally, contact with grandparents can teach children positive attitudes towards aging. The most important activities between a grandparent and grandchild start with time spent together. This time is unique and essential. You share the things you love with your grandchild, while at the same time learning about the events, activities, and people that excite them. An excellent path towards nurturing this relationship is to enjoy leisure time together. Slow down; spend time outside, on a hike, or going to the pool. Sometimes the simple activities bring the most joy. Of course, not all of us live close to our grandchildren. In fact, in this age of mobility, more and more grandparents live further and further away from their kin. A child’s life evolves very quickly, so special efforts are required for those long-distance relationships. However, the extra work is the foundation for a strong long-term relationship. Start at an early age, working with the parents to keep you up-to-date on your grandchild’s growth and interests. When the child is old enough to interact, whether on the phone, via email, or through regular mail, start engaging the child directly. The digital age has broadened the capabilities to stay engaged and in contact with grandchildren. Email, instant messaging, video chat, and even social media networks provide multiple avenues to remain engaged with grandchildren. Try to use digital technologies for more than simple “How ya doing” questions. Start an online book club or fantasy sports league with your grandchild, or share videos of you or your grandkids enjoying a favorite hobby. The technology creates multiple avenues for increased interaction, particularly if geographical separation limits face-to-face contact. Research notes the bond between grandparent and grandchild is a pure form of love and support. Grandparents provide an emotional safety net and a strong relationship with a grandparent creates an emotional security as well as respect and healthier attitudes towards older persons. Many successful young adults declare their one-on-one relationships with their grandparents as important aspects of their development. Creating this nurturing relationship, however, does not come without work. As a grandparent, you must share activities, communicate openly, hand down traditions, and stay in touch despite likely geographical separation. In the end, building and maintaining a relationship with your grandchild takes planning and foresight. However, the rewards are immeasurable. The investment pays dividends for the entire family.]]></description>
			<content:encoded><![CDATA[<p>&nbsp;</p>
<p>Few things in life are as significant as becoming a grandparent. This familial growth creates opportunities for nurturing relationships and enduring legacies. As a grandparent, you create those legacies by sharing the activities you love as well as by listening to your grandchildren. You have an opportunity to influence a developing mind, to support your own children in their role as parents, and to provide joy in a child’s life.</p>
<p>Typically, as a grandparent, you are not part of the day-to-day responsibilities of parenting. Your presence, however, provides a child with continuity to an extended family. You can share family histories, funny stories of their own parents, and the traditions of your own upbringing. Additionally, contact with grandparents can teach children positive attitudes towards aging.</p>
<p>The most important activities between a grandparent and grandchild start with time spent together. This time is unique and essential. You share the things you love with your grandchild, while at the same time learning about the events, activities, and people that excite them. An excellent path towards nurturing this relationship is to enjoy leisure time together. Slow down; spend time outside, on a hike, or going to the pool. Sometimes the simple activities bring the most joy.</p>
<p>Of course, not all of us live close to our grandchildren. In fact, in this age of mobility, more and more grandparents live further and further away from their kin. A child’s life evolves very quickly, so special efforts are required for those long-distance relationships. However, the extra work is the foundation for a strong long-term relationship. Start at an early age, working with the parents to keep you up-to-date on your grandchild’s growth and interests. When the child is old enough to interact, whether on the phone, via email, or through regular mail, start engaging the child directly.</p>
<p>The digital age has broadened the capabilities to stay engaged and in contact with grandchildren. Email, instant messaging, video chat, and even social media networks provide multiple avenues to remain engaged with grandchildren. Try to use digital technologies for more than simple “How ya doing” questions. Start an online book club or fantasy sports league with your grandchild, or share videos of you or your grandkids enjoying a favorite hobby. The technology creates multiple avenues for increased interaction, particularly if geographical separation limits face-to-face contact.</p>
<p>Research notes the bond between grandparent and grandchild is a pure form of love and support. Grandparents provide an emotional safety net and a strong relationship with a grandparent creates an emotional security as well as respect and healthier attitudes towards older persons. Many successful young adults declare their one-on-one relationships with their grandparents as important aspects of their development. Creating this nurturing relationship, however, does not come without work. As a grandparent, you must share activities, communicate openly, hand down traditions, and stay in touch despite likely geographical separation. In the end, building and maintaining a relationship with your grandchild takes planning and foresight. However, the rewards are immeasurable. The investment pays dividends for the entire family.</p>
]]></content:encoded>
			<wfw:commentRss>http://seniorsfinancialsolutions.com/being-a-grandparent/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Caught In the Middle: The Sandwich Generation</title>
		<link>http://seniorsfinancialsolutions.com/caught-in-the-middle-the-sandwich-generation/</link>
		<comments>http://seniorsfinancialsolutions.com/caught-in-the-middle-the-sandwich-generation/#comments</comments>
		<pubDate>Thu, 26 Sep 2013 17:12:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[The Golden Years]]></category>

		<guid isPermaLink="false">http://seniorsfinancialsolutions.com/?p=708</guid>
		<description><![CDATA[Baby Boomers, Generation X, Generation Y, the Social Network Generation… we’ve all heard these labels tossed about when describing a certain age group and demographic over the years, but the Sandwich Generation? No, I’m not referring to a sudden spike in popularity of turkey-on-rye lunch patrons. Rather, it’s a term now being used to describe a growing number of households that find themselves stretched between providing financial and practical help for both their adult children and their aging parents. It’s a growing phenomenon due to the fact that people are living longer, and young adults are struggling to get a solid start in the grown-up world. In recent studies conducted by Bruce Gregor of Financial Demographics, the number of adults who have parents still alive, and are now grandparents as well, has more than doubled since 1970. The trend is going to grow as strides in medicine and science continue to improve and people simply live longer. The financial and emotional strain on a family can be significant. Many sandwiched homes still have adult children living with them, as well as caring for an elderly parent. While there is no official data held for ‘sandwiched’ homes, the number is significant and sure to become more prevalent in the future. So what can a sandwich family do about this? Proper financial planning is critical. When elderly parents move into the home, checking on their current and future financial health and how to integrate it into the family can be helpful. Also, with young adults around, spreading out the burdens of taking care of older parents can relieve pressure off the home. Having a large family unit around can often be less of a burden and more of a boon if everyone is pitching in to run an effective home. &#160; &#160; Source: Business Day]]></description>
			<content:encoded><![CDATA[<p>Baby Boomers, Generation X, Generation Y, the Social Network Generation… we’ve all heard these labels tossed about when describing a certain age group and demographic over the years, but the Sandwich Generation? No, I’m not referring to a sudden spike in popularity of turkey-on-rye lunch patrons. Rather, it’s a term now being used to describe a growing number of households that find themselves stretched between providing financial and practical help for both their adult children and their aging parents.</p>
<p>It’s a growing phenomenon due to the fact that people are living longer, and young adults are struggling to get a solid start in the grown-up world. In recent studies conducted by Bruce Gregor of Financial Demographics, the number of adults who have parents still alive, and are now grandparents as well, has more than doubled since 1970. The trend is going to grow as strides in medicine and science continue to improve and people simply live longer.</p>
<p>The financial and emotional strain on a family can be significant. Many sandwiched homes still have adult children living with them, as well as caring for an elderly parent. While there is no official data held for ‘sandwiched’ homes, the number is significant and sure to become more prevalent in the future.</p>
<p>So what can a sandwich family do about this? Proper financial planning is critical. When elderly parents move into the home, checking on their current and future financial health and how to integrate it into the family can be helpful. Also, with young adults around, spreading out the burdens of taking care of older parents can relieve pressure off the home. Having a large family unit around can often be less of a burden and more of a boon if everyone is pitching in to run an effective home.</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>Source: <a href="http://www.businessday.com.au/money/planning/a-generation-caught-in-the-middle-20130910-2th9h.html" target="_blank">Business Day</a></p>
]]></content:encoded>
			<wfw:commentRss>http://seniorsfinancialsolutions.com/caught-in-the-middle-the-sandwich-generation/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Parent Planning: Taking Steps Now for Aging Parents</title>
		<link>http://seniorsfinancialsolutions.com/parent-planning-taking-steps-now-for-aging-parents/</link>
		<comments>http://seniorsfinancialsolutions.com/parent-planning-taking-steps-now-for-aging-parents/#comments</comments>
		<pubDate>Thu, 26 Sep 2013 16:51:23 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[The Golden Years]]></category>

		<guid isPermaLink="false">http://seniorsfinancialsolutions.com/?p=702</guid>
		<description><![CDATA[&#160; When I was young, my mother seemed so much older than she really was. I remember when she was forty and believed that she was wizen and aged. Well, now that I’m in my forties, it dawned on me just how young she was back then. I never considered though that someday she might actually pass away. I guess I figured she’d always be ‘mom’ and just live forever. But as she does actually move through the eventide of life, it’s time to take a few steps now that will help her later. Open dialogue. As much as I hope she lives another thousand years, we both know it most likely won’t happen. It’s ok to talk openly about her fears and needs as she ages. And this includes finances. Medical care and housing are going to need to be addressed, and the more I can make sure her wishes are fulfilled, the happier we will both be. Tidy up the legal aspects. Is the will updated? Who has power of attorney? Getting these legal matters resolved now, while everyone is clear of mind, will make the requirement later an easy task. Safety in the home. It’s amazing how some of the simple things are taken for granted, like the ability to walk up stairs. Taking a close look at how accessible a home is for someone that is aging can really help prevent falls, inconveniences, or worse: a dangerous injury. Check carpets for snags that can catch shuffling feet; faucets that are difficult to close off completely; clearly mark hazardous chemicals, medicines and other items that need close reading; consider installing easy to access handles, to name a few. I am counting on my children to consider these few tips as well when I someday take the journey my mother is on right now. &#160; Source: Care for Aging Parents]]></description>
			<content:encoded><![CDATA[<p>&nbsp;</p>
<p>When I was young, my mother seemed so much older than she really was. I remember when she was forty and believed that she was wizen and aged. Well, now that I’m in my forties, it dawned on me just how young she was back then. I never considered though that someday she might actually pass away. I guess I figured she’d always be ‘mom’ and just live forever. But as she does actually move through the eventide of life, it’s time to take a few steps now that will help her later.</p>
<ul>
<li><em>Open dialogue</em>. As much as I hope she lives another thousand years, we both know it most likely won’t happen. It’s ok to talk openly about her fears and needs as she ages. And this includes finances. Medical care and housing are going to need to be addressed, and the more I can make sure her wishes are fulfilled, the happier we will both be.</li>
<li><em>Tidy up the legal aspects</em>. Is the will updated? Who has power of attorney? Getting these legal matters resolved now, while everyone is clear of mind, will make the requirement later an easy task.</li>
<li><em>Safety in the home</em>. It’s amazing how some of the simple things are taken for granted, like the ability to walk up stairs. Taking a close look at how accessible a home is for someone that is aging can really help prevent falls, inconveniences, or worse: a dangerous injury. Check carpets for snags that can catch shuffling feet; faucets that are difficult to close off completely; clearly mark hazardous chemicals, medicines and other items that need close reading; consider installing easy to access handles, to name a few.</li>
</ul>
<p>I am counting on my children to consider these few tips as well when I someday take the journey my mother is on right now.</p>
<p>&nbsp;</p>
<p>Source: <a href="http://www.careforagingparents.com/tips.php#planning" target="_blank">Care for Aging Parents</a></p>
]]></content:encoded>
			<wfw:commentRss>http://seniorsfinancialsolutions.com/parent-planning-taking-steps-now-for-aging-parents/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
	</channel>
</rss>
