Five moves for young investors

Your Social Security benefits can be an important part of your retirement income but when should you start collecting them? Its a big decision, so youll want to consider your options carefully.            Essentially, youll need to decide whether youre going to take your benefits as early as possible age 62 or if you should wait until your full retirement age or even longer. If you begin accepting benefits at 62, theyll be about 30% lower than if you waited until your full retirement age, which is 67 if you were born in 1960 or later. And if you wait until 70, your benefits will be about 24% higher than at your full retirement age.             In deciding when to claim benefits, youll want to weigh these factors:              Income needs  If you need the money to help meet your daily cost of living, then you may not feel you have much of a choice about when to take Social Security. However, if you have sufficient income from other sources, such as your 401(k) or other retirement accounts, you may be able to delay taking benefits until theyre much larger.             Employment If youre still working and you havent reached your full retirement age yet, it might be a good idea to wait before claiming Social Security because your benefits will be reduced by $1 for every $2 earned above $23,400. In the year in which you reach your full retirement age, your benefits will be reduced by $1 for every $3 earned above $62,160. (But once you reach your full retirement age, Social Security will adjust your payments to credit you for the months during which your benefits were lowered because of your income.)            Life expectancy None of us can say for certain how long well live but you may have some hints. For example, if you have a family history of longevity, and youre in good health, you might decide it makes sense to delay taking Social Security until your full retirement age, or even later, as you could potentially have more years of receiving larger checks.             Spouse If youre married, decisions about when to claim benefits could affect you or your spouse. The spouse with lower Social Security payments may be eligible to receive spousal benefits, which, when combined with their own benefits, can reach up to 50% of the higher-benefit spouses payment at their full retirement age. To qualify, the lower-benefit spouses benefit at their full retirement age must be less than half of the other spouses full-retirement-age benefit. But if the lower-benefit spouse claims their benefits before their full retirement age, their own retirement benefit and the spousal benefit will be reduced. Also, the lower-benefit spouse reaches their maximum benefit amount at their full retirement age they wont receive additional benefits even if they or the higher-benefit spouse delays taking benefits past their respective full retirement ages.             One other point to keep in mind: If the higher-benefit spouse claims early, the survivor benefit to the other spouse is reduced, but if the higher-benefit spouse delays their benefit beyond their full retirement age, the survivor benefit is increased. By making the appropriate choices, you can help maximize your Social Security benefits and possibly enjoy a more comfortable retirement.Chad Choate III, AAMS 828 3rd Avenue West Bradenton, FL 34205 941-462-2445 chad.chaote@edwardjones.com  This article was written by Edward Jones for use by your local Edward Jones Financial Advisor.

You may have heard about senior placement agencies, but if you are not sure how they work or what they do, you arent the only one. Most families are not sure how to help elderly loved ones when they need to find an assisted living community or how to choose nursing homes that will provide loving care and have reasonable occupancy rates.Heres what you need to know about making an informed decision about communities in your local area so your elderly loved one can have the best possible living situation. Keep things like cost, personalized assistance, and quality of life in mind. How Online Senior Placement Agencies OperateIn todays world, its natural to research products and services online. However, when it comes to researching assisted living and memory care options for your loved one, beware! It can be confusing to understand how online senior placement agencies operate. When youre not clear on what senior placement services will do for you and your loved one or whether senior living placement services have your loved ones best interests in mind, its best to take a step back and do some additional research before committing to an agency. Whether you want to move your loved one into an assisted living community or somewhere else, heres what you need to know. An Example of Assisted Living ConfusionWhen you search for assisted living communities in your search engine, you may see numerous websites that are not assisted living facilities. Rather, theyre online agencies contracted with multiple assisted living providers in the given area. As you access their website information, you will notice that you are not reviewing the services and amenities of a specific assisted living or memory care community.If you call or enter your contact information into an online agencys website, your information may be emailed to multiple assisted living providers. This results in numerous phone calls and emails inquiring about your loved one and inviting you for a tour. Additionally, you may never meet their senior advisor other than by phone or email.While this process may be perfectly acceptable to you, please remember that it can occur during a stressful period when you must make a quick care decision for your loved one. It could also happen when youre not ready to decide because you are just doing some initial investigating.Theres certainly no risk to searching an online agencys website. Still, a good practice is to click on their privacy link at the bottom of their homepage to understand how they will disclose your information before providing your contact information. Should You Just Pick an Assisted Living Community?Some family members will choose a random senior living community for their loved ones. The decision may be because the community advertises independent living, is close to home, or the reviews look good. Unfortunately, thats not really a good way to select a senior care facility.Theres much more to finding quality independent or assisted living communities than a quick search. In general, you should look at senior living options with an eye toward medical care, financial burden, quality of senior care, living arrangements, desired location, and whether they can create a smooth transition for your loved one.If you think that sounds overwhelming, youre not alone. Making informed decisions can be hard, especially with so many senior living option considerations. Many seniors cannot safely make their own choices and rely on a family member to help them. Even if you do your own research, you may still not be confident that you are choosing the best place to support your aging loved one. How CarePatrols Senior Care Advisors Are Different Trying to go it alone when choosing a senior living community can be too difficult, but what if you dont want to give your contact information to senior placement services that are going to inundate you with calls during an already stressful time? Are those the only two ways you can find a senior living space for your loved one?Fortunately, theres a third option: CarePatrol.At CarePatrol, your contact information is treated confidentially until you wish to disclose it to a senior living provider to whom we introduce you. We offer a local, personalized, hands-on approach by preferring to meet with you in person, pick you up and accompany you on tours, and meet with your loved one at home, the hospital, a rehab facility, or wherever they are.Were not your typical senior placement agency. Were highly focused on helping people find assisted living communities or other senior living options for their loved ones. Our goal is to provide you with a stress-free process that doesnt add to your confusion or concern during an already difficult time.Our free service was started by a social worker after seeing the trauma inflicted on a family whose loved one was placed in the wrong kind of facility for their needs. We worked hard to become the pioneer organization and referral agency for placing loved ones in senior care, and we continue to focus on seniors and their families when they need us most.As a national network of local small business franchise owners, CarePatrols mission statement is to provide safer care options for seniors. What You Can Expect from Working with UsOur local senior care advisors are franchise owners who understand the value of protecting older adults and want to provide them with essential care options to meet their needs. If you have a loved one ready to move to a senior care community or need more than in-home care can provide, working with us can give you information and options.The aging process is complex, and many factors work together to influence the outcome of a senior living decision. We can help you navigate social, health, and financial concerns to find the right care option. Our local senior care advisors pre-screen all our facilities, so youll know what youre getting when we connect you.Working with us takes all the guesswork out of finding the right care options for your senior loved one so both of you can relax and enjoy more time together. Were honored to provide the value we offer to seniors and their families and are deeply committed to ensuring that your loved one will get the care they need in a comfortable place they can truly call home. Ready to Learn More?Reach out to us at CarePatrol of Western PA to discuss senior care options in your area. Our placement agency offers a free service to help you and your loved one find the right senior care option for their needs. The senior care industry can be difficult to navigate at times, especially for older adults, but with a little extra help, valuable insights, and a free consultation, you can decide if CarePatrols help is right for your loved one.Reach out to us today at 724-631-4950. 

Understanding Parkinsons and Its Impact on FamiliesCaring for a loved one with Parkinsons disease presents unique challenges that require both emotional resilience and practical strategies. As the disease progresses, families often find themselves in unfamiliar territory, struggling to balance their personal and professional lives while ensuring their aging loved one receives the best care possible. This article provides an in-depth look at Parkinsons disease, how it affects families, and the essential steps to prepare for the caregiving journey.What is Parkinsons Disease?Parkinsons disease is a progressive neurological disorder that primarily affects movement, but it also has cognitive and emotional implications. It occurs when dopamine-producing neurons in the brain gradually deteriorate, leading to symptoms such as tremors, muscle stiffness, slowness of movement, and balance issues. As the disease advances, individuals may experience non-motor symptoms, including depression, sleep disturbances, and cognitive decline. Understanding these symptoms is crucial for families so they can recognize early warning signs and seek appropriate medical support.The Stages of Parkinsons DiseaseParkinsons progresses in five distinct stages, each presenting different challenges for caregivers:1.     Stage One (Mild Symptoms) Symptoms are mild and may only affect one side of the body. Daily activities remain largely unaffected.2.     Stage Two (Moderate Symptoms) Symptoms worsen, appearing on both sides of the body. Daily tasks become slightly more challenging.3.     Stage Three (Loss of Balance and Independence Challenges) Falls become more frequent, and daily activities require more effort.4.     Stage Four (Severe Mobility Limitations) Assistance is needed for most daily activities, and independent living becomes difficult.5.     Stage Five (Advanced Parkinsons) The individual may be bedridden or require a wheelchair, with round-the-clock care needed. Understanding these stages allows families to anticipate changes and proactively plan for caregiving needs. Emotional and Psychological Impact on FamiliesThe emotional toll of caregiving can be overwhelming, particularly for busy professionals juggling work and family responsibilities. Watching a once-independent parents who struggle with Parkinsons can evoke feelings of sadness, frustration, and guilt. Many caregivers also experience burnout due to the constant physical and emotional demands of caregiving. To manage these challenges, families should consider the following:         Seek Emotional Support Support groups for Parkinsons caregivers provide a space to share experiences and receive guidance.        Practice Self-Care Caregivers must prioritize their own well-being to sustain their ability to provide care.        Maintain Open Communication Honest conversations among family members can help in decision-making and stress management.The Role of Professional Caregiving ServicesAs the disease progresses, family caregivers often find themselves struggling to keep up with their loved ones increasing needs. Professional caregiving services like those offered by At Your Home Caregiving of Texas LLC provides expert assistance tailored to Parkinsons patients, ensuring they receive the highest level of care while allowing family members to focus on their own professional and personal lives. Some key benefits of professional caregiving include:      Personalized Care Plans Professional caregivers develop customized care strategies based on the individuals specific symptoms and progression.      Mobility Assistance Helping individuals move safely, reducing the risk of falls and injuries.      Medication Management Ensuring medications are taken correctly and on time.      Meal Preparation and Nutrition Support Creating Parkinsons-friendly meal plans to enhance overall well-being.      Companion Care Providing social interaction and engagement, reducing feelings of isolation.Available Medical Treatments and Therapies While there is no cure for Parkinsons, several treatments and therapies can help manage symptoms and improve quality of life:       Medications Dopamine-enhancing medications like Levodopa help alleviate motor symptoms.       Physical Therapy Helps improve balance, strength, and flexibility.       Speech Therapy Addresses difficulties with speaking and swallowing.       Occupational Therapy Helps individuals adapt to daily activities using assistive devices and modified techniques.       Deep Brain Stimulation (DBS) A surgical procedure that can help reduce tremors and improve motor control. By incorporating these treatments into a care plan, families can improve their loved ones comfort and independence.Early Planning for a Smooth Caregiving JourneyOne of the biggest mistakes families make is waiting until a crisis occurs before seeking professional caregiving support. High-paying geriatric care clients, such as the busy professionals looking after aging parents, benefit greatly from early planning.Some key steps include:      Assessing Current and Future Needs Evaluating the stage of Parkinsons and determining what level of support is required.      Exploring Home Care Options Researching caregiving services that align with the familys values and expectations.      Financial and Legal Planning Consulting elder law attorneys and financial advisors to create a sustainable long-term care plan.      Designating a Care Coordinator Assigning a family member or professional to oversee caregiving arrangements and medical needs.By addressing these factors early, families can avoid unnecessary stress and ensure their loved ones receive seamless, high-quality care. Why Choose At Your Home Caregiving of Texas LLC?For professional families with aging parents, finding a trustworthy and compassionate caregiving service is essential. At Your Home Caregiving of Texas specializes in providing exceptional in-home care tailored to high-net-worth families. With a commitment to dignity, independence, and personalized attention, the agency offers:      Highly Trained Caregivers Experienced in Parkinsons care and advanced elder care techniques.      Flexible Care Plans Ranging from part-time assistance to full-time live-in care.      Seamless Communication Keeping family members informed and involved in caregiving decisions.      Commitment to Excellence Prioritizing client satisfaction and quality of life.Final ThoughtsParkinsons disease is a complex condition that requires a proactive and well-thought-out caregiving plan. By understanding the diseases progression, seeking the right support, and planning early, families can ensure their loved ones receive the best possible care while maintaining their own professional and personal balance.At Your Home Caregiving of Texas LLC stands ready to support families on this journey, offering specialized in-home care solutions that provide peace of mind and exceptional care for aging loved ones. This article serves as a comprehensive guide for families navigating the challenges of Parkinsons caregiving. Future articles in this series will dive deeper into specific aspects of caregiving, from hospital stays and rehabilitation to long-term care planning and caregiver well-being.