Planning

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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“Just in Case” Conversations

Posted by on Jun 26, 2012 in Planning, Safety Concerns, Sensitive Conversations | 0 comments

If your summer travel plans include a long-distance visit with aging parents, why not use the opportunity to do some “just in case” planning?  The relaxed pace of summer may offer a friendly environment in which to reflect and plan ahead. Also, being face-to-face may allow you to accomplish more than planning from a distance. Here are five tips for getting started, whether you are travelling across town or across the country!   1. Take note of warning signs that your parents may not be coping as well as before. Check for changes in these 4H’s: health, hygiene, housekeeping, and hazards...

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21 Ways To Avoid An Elder Care Crisis

Posted by on Feb 29, 2012 in Planning | 0 comments

Thank you for subscribing to ElderWise INFO!   Please click on the title below to download your free e-booklet: 21 Ways To Avoid An Elder Care Crisis.   This file is in Adobe PDF format, for which you will need the free Adobe PDF Reader, available at http://get.adobe.com/reader/   You will now automatically receive ElderWise INFO newsletters. Should you no longer wish to hear from us, a one-step unsubscribe link is included with each newsletter.   Click on the Articles tab above to read previous issues.   We encourage you to become an ElderWise...

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Hope, Promises & Reality: Eldercare Costs (Part 2)

Posted by on May 24, 2011 in Financial and Tax Matters, Planning | 0 comments

  In Part 1 of this article, we looked at the costs of home adaptation and the options for in-home care assistance for the elder Olivers. Part 2 examines mobility – both in the home, through assistive devices, and transportation options for seniors – as well as a few important tax considerations.   Assistive Devices/Aids for Daily Living   Brian Oliver reads off for his brother a price list of common devices that help frail seniors stay safely in their own homes: “Stair-lift, $3,000; walker, $350; custom wheelchair, $400; adjustable bed, $1,500 –...

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