In today’s transient society, families are often separated by long distances. Education and career opportunities may lead adult children to other cities and states. Once settled, they may be unlikely to return to their hometown.
One of the decisions you will need to make once an aging parent decides to move to a senior living community is when to sell their home. Should you wait until their move is complete? Or sell the house first? While there is no right or wrong answer, each has pros and cons.
Women find themselves living alone during retirement in greater numbers than their male counterparts. Researchers say forty percent of female retirees are single, compared with thirty to thirty-five percent for men. That gap continues to widen as the age of the retiree increases.
At different points in our lives, we are forced to have difficult conversations with friends or family members. Many adult children say it is especially tough to broach the subject of moving to an assisted living community with an aging parent. It can be so intimidating that adult children often delay the conversation until a crisis occurs.
Preparing income taxes is rarely ever easy. From making sure you claim all of the appropriate deductions to figuring out where to list investment income on your forms, it is a process that requires time and patience.
If you’ve recently taken on the role of caregiver for a senior loved one, you may feel as if you are drowning in a sea of paperwork. After every physician appointment, your stack of papers climbs higher. Organizing all this important information so it can be accessed easily may feel overwhelming.
Older adults have more senior living options than ever before. So much so that it can be overwhelming. While the many types of senior living share similarities, there are important differences. If you or an older loved one is considering where to live during retirement, you’ll want to take time to explore each of these options.
A common challenge family caregivers face is finding ways to assist a senior loved one who denies they need help. It can be frustrating and frightening all at once. If you find yourself in this situation, know you aren’t alone. A study by researchers at Penn State University revealed that nearly 80 percent of adult children who are caregivers say their parents are “stubborn.”