Posts by Mara

Talking About Finances

Posted by on Apr 14, 2013 in Financial and Tax Matters, Power of Attorney | 0 comments

Many families experience problems with financial discussions – and therefore avoid them. The older generation may avoid discussions with adult children out of fear of losing privacy and control. Adult children may wish to respect a parent’s privacy but they wonder – not only about a parent’s well-being, but also whether a parent’s finances could affect their own retirement plans. In other families, money is a taboo subject or one that simply brings up too many negative emotions.  Why do adult children need to talk about money with their aging parents? First,...

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Stuck in the Middle: Retirement Planning

Posted by on Apr 9, 2013 in Financial and Tax Matters, Planning | 0 comments

Originally published at www.theglobeandmail.com on November 5, 2012.   “Many boomers are assisting parents financially or are losing income because of their eldercare obligations,” says Mara Osis, founder of ElderWise, an organization that provides information and coaching to help families caring for elderly loved ones. “They may turn down career opportunities or even retire early, if they feel it’s up to them to take on this responsibility and don’t see any other way of doing it.” Read the complete article:...

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Caring for Aging Parents: Are You Prepared?

Posted by on Apr 9, 2013 in Health Emergencies, Planning, Powers of Attorney | 0 comments

Originally published on June 24, 2011 at www.brighterlife.ca   When Iola Pryma was told she needed to have a lung biopsy to investigate the tumours a CT scan revealed, one of the first things she did was make her daughter, Kandis Pryma, her power of attorney for her finances. A 71-year-old widow, Pryma knew that in the event of a long recovery — or worse — she would feel much better checking into the hospital knowing that her finances were in order. This family was lucky. In their case, the parent was able to make this decision on her own and to guide her daughter through her financial...

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Retirement: Families Planning Together

Posted by on Apr 3, 2013 in Planning | 0 comments

 Originally published May 2011 on www.lifespeak.ca Contribution by Mara Osis, eldercare consultant and speaker on LifeSpeak’s Calgary roster.If one or both of your parents is talking about “retirement”, they are using a term that is being re-defined so quickly and drastically that the word might actually soon disappear. For previous generations, mandatory retirement at 65 was not uncommon; nor was collecting a pension for 25 or more years of service. More recently, retirees were sold the “Freedom 55” concept – endless, carefree days of golf, travel...

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Emergency Response…Or Crisis Mode?

Posted by on Mar 11, 2013 in Health Emergencies | 0 comments

As family members age, it’s more and more likely that we’ll be faced with an “eldercare event” – a sudden, dramatic change in the status quo, usually related to health. Here are some common examples of what can happen: A frail older person, living alone, suffers a fall, a stroke, or a heart attack and is hospitalized. She must now leave the hospital but cannot safely live alone any more. A healthy spouse who cares for a frail senior dies suddenly. Family members are scattered throughout the country or live overseas. Your parent lives alone, several provinces away. Your last few phone...

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