Sandy Adams, CFP
Voices: Sandy Adams, On Help for the Elderly
Clients often don’t want to discuss elder care planning issues until something happens in their life that forces them to take action. But both older clients and middle-aged clients need to be proactive.
For instance, a middle-aged client might suddenly realize that their parent can’t live alone anymore. If they haven’t developed a strategy for dealing with the cost of live-in care, then they have to find a way to manage the problem on an immediate basis. Elder care planning ends up becoming crisis planning.
One way advisers can help clients better prepare for elder care is by….Read More.