Financial Tips for Seniors During the Pandemic

As our loved one's age, it becomes increasingly important to monitor their well-being in various aspects of life, including their finances. Its not uncommon for seniors to struggle with financial management. For seniors experiencing cognitive decline or physical limitations, staying on top of finances can become a real challenge.Recognizing the signs that your senior loved one may need help with their finances is crucial for their financial stability and overall well-being. In this article, well explore some red flags that could indicate your loved one is having difficulty managing their finances and discuss some practical ways to offer support. Spot the SignsWhile everyones financial situation is unique, looking out for signs that your loved one is struggling can help you determine when intervention may be needed. Spotting unpaid bills, unopened mail, or overdue notices at your loved ones house may indicate that theyre having difficulty keeping track of their financial obligations.You may also notice unusual spending patterns or strange purchases that are out of character for your loved one. If your loved one is expressing concerns about budgeting or affording their basic needs, this could be another sign theyre having trouble managing their finances effectively.Consider Senior Living OptionsProblems with financial management may indicate memory problems or other age-related issues. For example, AgingCare recommends evaluating your loved ones health and functional abilities when you visit, looking for signs that they may need assisted living care.If you think your loved one needs care 24/7, start looking around online for nursing homes in your area. The earlier you start looking, the more time youll have to compare facility pricing, payment options, reviews, and amenities. For example, Frasier offers a variety of care options, from independent living to skilled nursing care, to meet the needs of seniors with varying care needs.Start a Conversation About MoneyWhen you notice signs that your loved one may be having financial trouble, its time to broach the subject. Conversations about money can be uncomfortable but do not delay, especially if your loved one is showing signs of cognitive decline. As early as possible, start asking questions to get a clearer picture of your loved ones finances. For example, ask where they keep their financial documents, how much debt they owe, who serves as their financial advisors, and what planning theyve done for the long term.Seek Guidance from a Financial Advisor If you dont feel comfortable offering financial advice to your loved one or are unsure how to best move forward with their financial situation, dont hesitate to speak to a professional. A certified financial advisor (CFA) will create a financial plan that aligns with your loved ones immediate and long-term financial goals. A financial advisor can also help your loved one avoid financial scams and exploitation.Consider looking for a financial advisor who specializes in senior finances, as these professionals will better understand planning for living on a fixed income, budgeting for long-term care, and investing in retirement accounts.Set Up Automated SystemsThanks to innovations in financial technology, managing money can be largely automated. Set up automated systems so your loved one has fewer financial matters to keep track of. For example, Clever Girl Finance explains that you can automate bill payments and contributions to savings and investment accounts. Start by signing your loved one up for automatic debits from creditors and service providers. For providers that dont offer this option, set up bill payments with your loved ones bank.Supporting a senior with money management requires a great deal of patience, compassion, and open communication. Remember that each situation is unique, and the level of support required by your loved one may vary from help paying monthly bills to long-term care in a skilled nursing facility. By keeping an eye out for potential financial struggles and acting promptly when you notice a need for support, you can ensure your loved one maintains a high quality of life.

Real Estate Agents are all alike.Realtors? Theyre a dime a dozen! and What do agents really do anyway?I do hear these comments, and it does bother me.Not for the reasons you think it bothers me because we individual agents havent done job number one: introducing ourselves to you and the market as a person, and as a professional.  Im sure if you knew what each agents special sauce is youd think differently on that dime a dozen comment!In other words why should you use me as opposed to doing it yourself or choosing one of the more than 216,000 other licensed agents in Florida?Lets first address you DIYers when Greg and I moved from Spring Hill to Bradenton here in Florida, and even selling my home of 23 years in Alpharetta, GA I was a licensed agent, but not active.  I didnt have access to the MLS, lockboxes, or contracts.  I knew enough to pay an active practicing colleague for her valuable service, tools and support.  Not only was she able to do background research on the property I was purchasing, but she was also a partner in the transaction and a sounding board in the negotiation process. Bottom line was that I knew I stood to lose way more than the percentage of the deal that I had agreed to pay her.  I knew her knowledge, research and negotiation skills would net me a higher outcome than if I moved forward thinking I had all the answers (even being a licensed agent myself).  You see, it was my own property, my investment, and I was like many buyers and sellers too close to the transaction to be 100% objective.So, lets say I just convinced you to partner with an agent. Who should you choose?As you might guess, Im here to make the case that not all agents are alike, and certainly not equal.  What sets us apart is who we serve and how we do it.  So you, as the consumer, need to be very clear about what your needs are and what you want to accomplish.So now youre thinking, Come on Jude how am I supposed to know those answers?  I dont even know where to begin!  When I get a call from someone like you just entering into the market I ask to meet them, preferably in person in a coffee shop or at their home.  I like to spend a little time asking questions and getting to know their story, their vision, their desire, their situation.  You see, knowing all of this seemingly extra stuff helps me guide, advise, and add value to their transaction.If you consider working with an agent to help you buy a property and she just jumps straight to yes, Ill show you that property you might want to rethink the relationship because she wont have the insight she needs to be of true service.Same with if youre looking for an agent to sell your property.  If your first meeting with her is all about what she can do for you and what a stellar agent she is and she skips right over learning your needs wants, desires, time frame and goals then youll be working on her agenda, shell be flying blind, and thats a recipe for disaster.Bottom line as much as you need to vet the agent youre considering, make sure theyre curious about you.  (Thats my tip for those of you dating, too!)LIFE CHANGES ARE HARD.  HOME CHANGES DONT HAVE TO BE.

The respiratory system, like many of the other human systems (e.g., cardiovascular, digestive), is a wondrously complex and sophisticated arrangement of organs working together to maintain homeostasis.Contact an Office in Your AreaChronic obstructive pulmonary disease, more commonly referred to as COPD, is a health problem facing adults in the U.S. Because of its progressive nature and increased age as a leading factor, there is a greater prevalence of COPD in seniors. The good news is that many adults can easily reduce their risk of COPD through lifestyle management.  COPD represents a group of lung diseases, with the two most common being emphysema and chronic bronchitis.Symptoms of COPD includeConstant coughingWheezingShortness of breathCoughing up mucusTightness in the chestResearch also suggests that there may be a link between poor air quality and COPD. The American Lung Association estimates that between 80-90% of COPD cases result from smoking. Unsurprisingly, secondhand smoke is a significant risk factor as well. Seniors should take the following steps to reduce their risk of COPD:Older adults that smoke should get support from a primary care physician and take steps to quit. There are many programs, services, and products that can help.Seniors should avoid contact with secondhand smoke whenever possible.Reducing exposure to air pollution can help relieve symptoms. Many cities issue poor air quality warnings when these warnings are in effect, seniors should limit outside activities. Seniors should avoid airborne irritants (chemicals, fumes, etc.) in the home.A healthy diet and exercise plan can improve lung function and overall health with direction from a physician.Older adults should understand the impact of aging on their respiratory system and reduce their risk of any related diseases, illnesses, or conditions.Doctors may recommend getting vaccinations for both influenza and pneumococcal pneumonia to guard against further breathing complications.Comfort Keepers Can HelpComfort Keepers elevates the human spirit for todays seniors and their families through a unique, individualized approach to care that helps seniors thrive and achieve greater wellbeing by fostering everyday positive moments, connection, and a more purposeful life no matter their age or acuity. As part of a healthcare team, an in-home caregiver can assist with activities that slow disease progression or reduce the risk for those with respiratory issues. Comfort Keepers caregivers can help by supporting physician-recommended health programs, preparing meals, encouraging prescribed physical activity, reminding seniors to take medications, and providing transportation to scheduled appointments. References:Healthline. Everything You Need to Know About Chronic Obstructive Pulmonary Disease (COPD). Web. 2018.Everyday Health. 5 Best Ways to Prevent COPD by Chris Iliades, MD. Web. 2018.Aging Care. An Overview of COPD by National Institutes of Health. Web. 2017.Unity Point Health. The Top 8 Respiratory Illnesses and Diseases. Web. 2014.American Lung Association. Lung Capacity and Aging. Web. 2017.Centers for Disease Control and Prevention. Chronic Respiratory Disease. Web. 2017.