Caring for Aging Relatives (Part 1)

Caring for Aging Relatives (Part 1)

Regina McCann Hess, CFP®, CDFA® |

In today’s episode, I’m going to talk about how to help your aging relatives get the care they need at home. They could be your parents, aunts and uncles, family friends, or grandparents, but they are likely to need your help navigating that stage where they start requiring extra assistance. This can be a tremendous burden or stress on families, so I’m going to share some tips and insights that will help you begin to prepare and know what to do when the time comes.

Being prepared is key, so listen in as I offer ideas on how you can start planning different ways to handle the needs and issues that come with aging family members. And if a situation comes as a surprise or sooner than you expect, I also talk about ways that you can make these stressful situations go more smoothly for everyone involved.

Listen To The Episode Here:

What You’ll Learn:

  • What you need to know if you’re in the “sandwich generation.”
  • The importance of starting to plan early.
  • Determining if (and how long) your relative can stay in their home.
  • Financing options and financial assistance ideas to look for.
  • Different options for finding the right living situation.

Ideas Worth Sharing:

  • “You want to take the right steps as early as possible to help secure your elderly family member’s financial situation, and then also find necessary health and household services that may allow them to stay at home and receive appropriate care.” – Regina McCann Hess
  • “One of the issues prevalent in those at older ages is isolation, so if you have someone living with them, it could help decrease the isolation that many, many aging people feel.” – Regina McCann Hess
  • “There are fuel assistant programs. Older people who help maintain their own homes may be eligible for grants that pay their fuel bills or, in some cases, weatherproof their homes.” – Regina McCann Hess

Resources:

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