Eldercare Financial Strategies: Planning for today will assist your future

Oct 22, 2021 at 07:00 am by Cynthialynn Jones


How often have you wished that you had paid more attention to advice that someone gave you in the past? It's the same with keeping current with financial issues that might have long lasting effects on our lives.

Are you concerned about becoming a caretaker for your parents?

Could your own children find themselves taking care of you in your older years?

Millions of people find themselves leaving jobs, reducing their hours at work, altering their own lives, and depleting their own savings to take care of elderly parents.

How can you protect your family from this?

There are many options that can shift the financial risk and protect loved ones from incurring such a great financial burden. Planning for today will assist your future.  One may have nursing home expenditures, in home health care needs, senior living, funeral and death benefits.  You are never too young to plan.

However, many people are forced to alter their own lives and lose the future they once planned simply because they were never aware of the options.

While options vary with age, there are some strategies available for older adults, even to those with current health issues. Knowing the facts today may save the dreams you had planned for your future, and maybe your children.

Call Ryan Denney, Financial Services Professional (615) 410-5294, hrdenney@nylifesecurities.com with NYLIFE Securities, LLC.  Ryan will sit down with you and discuss your plans and needs for your future, and how to make your needs a reality you can trust.

Sections: Business