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The
wildfires currently ravaging Southern California, and their tragic consequences,
are reminders of just how exposed we are to natural disasters. If you’ve been
affected by these fires, what steps should you take to begin the recovery
process?
Once
you and your loved ones are in a safe place, consider these suggestions:
• Contact
your insurance company. Call your homeowner's insurance company as soon as
you can. You may need to be patient, though, as the company could be swamped
with claims. You may also eventually need to contact a legal professional
regarding your insurance coverage or your legal rights related to the disaster.
• Review
your financial options. If you have already established an emergency fund
containing several months’ worth of living expenses, you may need to tap into
it now. You also may need to access the ”cash” components of your investment
portfolio.
• Seek
help from disaster relief organizations. If your home was destroyed or
severely damaged, contact the Red Cross or another relief group for help with
temporary housing, food, clothing and other necessities.
• Contact
your employer. If you are temporarily rendered homeless, it may well affect
your ability to work. Contact your employer to explain the situation, though
they will likely be quite familiar with what happened. Depending on where you
work, you might even have access to some type of employee assistance program.
• Photograph
and document the damage. If it’s possible, and when it’s safe to do so,
take pictures of the damage to your home and belongings, and create an
inventory of lost or damaged items. You might also have existing photos that
can be of use to your insurance company.
• Go
through your documents. Your paper documents — bank statements, insurance
policies, investment account information — may have been destroyed in a fire or
other disaster, but you may still have electronic copies on your computer, and
they are likely also available online. Go through these documents to determine
what you have and what you may be entitled to.
• Look
for temporary relief measures. In the wake of a hugely destructive fire or
other disaster, you may be entitled to temporary relief measures, such as
mortgage forbearance, loan deferments or government assistance programs. If you
live in a Presidentially Declared Disaster area, you might be eligible for
disaster relief from the Federal Emergency Management Agency (FEMA). Visit
their website at fema.gov.
• Evaluate
your longer-term financial strategies. Once you have gotten past the
short-term emergency period, you may need to review your entire financial
picture and long-term strategies. This may involve reallocating your investment
dollars, revising your budget or setting new financial goals. If you work with
a financial professional, they can help you in this area.
Surviving
a wildfire may be one of the most emotionally devastating experiences you will ever
encounter. But you don’t have to go through it alone — a team of professionals,
including a financial professional, can provide the resources and experience to
help get you back on the path toward rebuilding your life.
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.
For many older adults, the thought of movingwhether its downsizing, relocating closer to family, or transitioning into a senior living communitycan feel overwhelming. Its not just about sorting through possessions and packing boxes. Its about leaving behind familiar spaces, making emotional decisions, and managing a physically and mentally exhausting process.Thats where move management comes in.What Is Move Management?Move management is a specialized service that supports individualsparticularly older adults and their familiesthrough every stage of the moving process. Unlike traditional moving companies that focus solely on transportation, move managers provide a holistic approach to relocation: helping to plan, downsize, organize, coordinate logistics, and even set up the new home.This kind of support can make all the difference between a stressful upheaval and a smoother, more manageable transition.What Does a Move Manager Do?A full-service move manager wears many hats. Services typically include:Planning and coordinationDeveloping a personalized moving plan and timeline, communicating with family members, coordinating with realtors or care communities, and ensuring all details are managed.Downsizing and declutteringHelping clients decide what to keep, donate, or sell, and providing emotional support when letting go of personal items with sentimental value.Packing and organizingManaging all packing materials and labor, and ensuring everything is packed logically and labeled clearly to ease the unpacking process.Move-day logisticsScheduling and overseeing trusted movers, keeping things on track, and addressing any last-minute issues that arise on moving day.Setting up the new homeUnpacking, arranging furniture, making beds, hanging art, and creating a comfortable, livable spaceso the new home feels familiar and welcoming from day one.Why Move Management MattersEspecially for SeniorsMoving at any stage of life can be a challenge. But for seniors, the process often involves unique obstacles. Heres how move management helps address them:The physical demandsLifting heavy boxes, bending, and sorting can be too much for older adultsespecially those managing health conditions. Move managers take on the physical work, reducing risk and strain.The emotional loadLeaving a longtime home can stir up grief, anxiety, or uncertainty. Move managers are trained to support clients through these feelings with empathy, patience, and encouragement.The complexity of logisticsCoordinating a move involves dozens of tasks, from forwarding mail and transferring utilities to working with multiple vendors. A move manager streamlines it all into a single, organized plan.The pressure of timeFamilies may be juggling work, caregiving, or living far away. A move manager can step in as a reliable partner, ensuring nothing falls through the cracks when time is tight.When Its Time to Ask for HelpWhether youre helping a parent move into a retirement community or planning your own downsize, its easy to feel overwhelmed by the details. Thats when bringing in support can make all the difference. Move management offers more than just logisticsit brings peace of mind to families during a major life transition.If youre not sure where to start or just need someone to take the reins, consider working with a move management professional, like WellRive. We specialize in senior move management, offering personalized support for older adults and their families throughout the DallasFort Worth area and surrounding communities. From organizing and packing to coordinating the move and setting up the new home, our team is here to help make each step feel a little lighter, and a lot more manageable.
Spring is here which means its once again time to wash the windows, organize your cabinets and steam your carpets. This year, in addition to tidying up around your house, why not also consider some financial spring cleaning? Here are some suggestions to consider: De-clutter your investment portfolio. When you embark on your home cleaning mission, you might notice that you have redundancies three blenders, two vacuum cleaners, and so on. Similarly, you might find duplications in your investment portfolio, perhaps in the form of multiple, near-identical stocks or mutual funds. If so, then it might be worthwhile to consider selling some of these investments and using the proceeds to boost your portfolio in other areas in which you may be lacking. Cut back on overgrown investments. Now that winter is over and youre venturing outside more, you may notice some overgrown shrubbery or some tree branches that need pruning. And while it may sound counterintuitive, you might also have some investments that have grown too big for your needs. For example, you might own some growth-oriented investments whose value has increased so much that they now take up a larger percentage of your portfolio and carry a higher degree of risk than you originally intended. If thats the case, you might be better off by selling some of these investments and purchasing others to help bring your investment mix back to its desired alignment. Dust off your investment strategy. With more sunlight now pouring in your house, you might notice that the corners of your walls and ceiling may need a good dusting. And as you continually work to strengthen your financial foundation, you may need to dust off your investment strategy, especially if youve recently experienced changes in your life, such as a marriage, addition of children, new job, and so on. And as you move closer to retirement, you may also need to adjust your strategy in some ways. For one thing, you might want to adopt a more conservative investment approach in the years immediately preceding your retirement, though youll still need to have some growth potential in your portfolio to help keep you ahead of inflation. Protect yourself from financial dangers. As you go about your household spring cleaning, you may find actual physical dangers that need to be removed or stored more safely, such as sharp objects or broken tools. And as you navigate daily life, you may also find threats to your financial safety the need for an expensive home improvement, or a major car repair or an unexpectedly large medical bill. If you dont have the money available to pay these expenses, you might be forced to dip into your retirement accounts or run up your credit card or take out a high-rate loan. To protect yourself from having to make these moves, you may want to maintain an emergency fund containing several months worth of living expenses, with the money kept in a liquid account, separate from those you use for your daily living expenses. Of course, some of these moves can take some time but by getting started on them soon, you can help put your financial house in better shape by the time the next spring cleaning rolls around.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.
Every day at Harmony at Diamond Ridge we serve families with loved ones who are diagnosed with dementia, Alzheimers disease, and other memory loss diseases. There is a lot of information about memory loss in seniors and the research process can be overwhelming. Dementia is not a specific disease but rather a general term for the impaired ability to remember, think, or make decisions that interfere with everyday activities. Alzheimer's disease is the most common type of dementia The exact cause of Alzheimer's disease is not fully understood, but it is believed to be a combination of genetic, environmental, and lifestyle factors. Some of the known risk factors for Alzheimer's disease include a family history of the disease, head injuries, and certain medical conditions such as high blood pressure, high cholesterol, and diabetes. The symptoms of Alzheimer's disease typically develop slowly over time and worsen as the disease progresses. Some Alzheimers indicators include: Memory loss, especially of recent events Difficulty with language and communication Impaired judgment and decision-making Difficulty with problem-solving and planning Mood changes, such as depression or irritability Personality changes, such as becoming more withdrawn or aggressive Loss of interest in activities or hobbies Difficulty with basic activities of daily living, such as dressing and grooming Research into the causes and treatments of Alzheimer's disease is ongoing, and there is hope that future developments may lead to a better understanding of the disease and new treatments that can improve the lives of those affected by it. Harmony Senior Services Signature Memory Care Program Harmony Reflections is built on elements that support a senior living with Alzheimers disease. The Reflections Program has 5-Key Components; Family Focused, Wellness, Reflections Program: Art and Music, Dining with Dignity, and Harmony Square. Each component engages the resident's present-day experiences while stimulating positive memories through therapeutic visual and tactile aids. We partner with each resident's family to create their individual life story profile - a process for collecting and sharing the resident's life history, preferences, routines, and habits. If you are researching solutions for a loved one living with dementia or you would like to learn more about Harmonys Signature Memory Care Program, call a Harmony community today to speak with one of our dedicated caregivers.
Experience and BackgroundI am a financial advisor in Bradenton, FL, and began my career with Edward Jones in 2017. As a financial advisor, I want to find out what's important to you and help you build personalized strategies to achieve your goals.As a lifelong Manatee County resident, I graduated from the University of South Florida and was a teacher in Manatee County before joining Edward Jones. My driving force is to change people's lives in a positive way, and what better place than my home to do that.Whether you're planning for retirement, saving for college for children or grandchildren, or just trying to protect the financial future of the ones you care for the most, we can work together to develop specific strategies to help you achieve your goals. We will also monitor your progress to help make sure you stay on track or determine if any adjustments need to be made. Throughout it all, we're dedicated to providing you with top-notch client service.But we're not alone. Thousands of people and advanced technology support our office so that we can help ensure you receive the most current and comprehensive guidance. In addition, we welcome the opportunity to work with your attorney, accountant and other trusted professionals to deliver a comprehensive strategy that leverages everyone's expertise. Working together, we can help you develop a complete, tailored strategy to help you achieve your financial goals.I currently volunteer with the Manatee Hurricane football Broadcast and Booster Club, serve on my church's trustees council and have previously served as a leader in Young Life. I am a member of the Manatee Chamber of Commerce and an alumnus of their Leadership Manatee program.I have been married to my childhood sweetheart, Ashley, for 15 years and we have a son, Wesley, and daughter, Camryn. We enjoy watching our children play their sports and traveling as a family.
Hello, I'm Chad Choate a dedicated financial advisor in Bradenton, FL, I began my career with Edward Jones in 2017. As a financial advisor, I want to find out what's important to you and help you build personalized strategies to achieve your goals. As a lifelong Manatee County resident, I graduated from the University of South Florida and was a teacher in Manatee County before joining Edward Jones. My driving force is to change people's lives in a positive way, and what better place than my home to do that. Whether you're planning for retirement, saving for college for children or grandchildren or just trying to protect the financial future of the ones you care for the most, we can work together to develop specific strategies to help you achieve your goals. We will also monitor your progress to help make sure you stay on track or determine if any adjustments need to be made. Throughout it all, we're dedicated to providing you with top-notch client service. But we're not alone. Thousands of people and advanced technology support from our office can help ensure you receive the most current and comprehensive guidance. In addition, we welcome the opportunity to work with your attorney, accountant and other trusted professionals to deliver a comprehensive strategy that leverages everyone's expertise. Working together, we can help you develop a complete, tailored strategy to help you achieve your financial goals. I currently volunteer with the Manatee Hurricane football Broadcast and Booster Club, serve on my church's trustees council and have previously served as a leader in Young Life. I am a member of the Manatee Chamber of Commerce and an alumnus of their Leadership Manatee program. I have been married to my childhood sweetheart, Ashley, for 15 years and we have a son, Wesley, and daughter, Camryn. We enjoy watching our children play their sports and traveling as a family.
Hello, I'm Chad Choate a dedicated financial advisor in Bradenton, FL, I began my career with Edward Jones in 2017. As a financial advisor, I want to find out what's important to you and help you build personalized strategies to achieve your goals. As a lifelong Manatee County resident, I graduated from the University of South Florida and was a teacher in Manatee County before joining Edward Jones. My driving force is to change people's lives in a positive way, and what better place than my home to do that. Whether you're planning for retirement, saving for college for children or grandchildren or just trying to protect the financial future of the ones you care for the most, we can work together to develop specific strategies to help you achieve your goals. We will also monitor your progress to help make sure you stay on track or determine if any adjustments need to be made. Throughout it all, we're dedicated to providing you with top-notch client service. But we're not alone. Thousands of people and advanced technology support from our office can help ensure you receive the most current and comprehensive guidance. In addition, we welcome the opportunity to work with your attorney, accountant and other trusted professionals to deliver a comprehensive strategy that leverages everyone's expertise. Working together, we can help you develop a complete, tailored strategy to help you achieve your financial goals. I currently volunteer with the Manatee Hurricane football Broadcast and Booster Club, serve on my church's trustees council and have previously served as a leader in Young Life. I am a member of the Manatee Chamber of Commerce and an alumnus of their Leadership Manatee program. I have been married to my childhood sweetheart, Ashley, for 15 years and we have a son, Wesley, and daughter, Camryn. We enjoy watching our children play their sports and traveling as a family.