ElderCarelink Blog

Saving for our own caregiving

by Judy Kirkwood
August 8th, 2011 at 9:50 am

Saving for retirement was fairly painless when I was married. My husband worked for the state and money was automatically put aside for retirement as one of his benefits as a physician. The only pinch was putting money into my own SEP IRA according to my freelance writer income at the end of the year. Furthermore, my husband had been investing separate retirement funds accumulated from outside the state retirement system and those investments had done well.

Then came our divorce after 33 years of marriage.

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4 ways to support your parents’ long-term care planning

by Isabel Fawcett, SPHR
June 29th, 2011 at 8:16 am

Are you ready to support your aging parents? If you are, there are things you need to be looking at sooner, rather than later. One primary area of concern? Long-term care insurance. Do your parents already have a long-term care insurance policy? What will it mean to you and your parents financially, if they do not have a long-term care insurance policy? The shortfall in long-term nursing care has to come from somewhere. Out-of-pocket costs can be unsettling and continue to increase each year.

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