Elder Planning
Growing older: an often uncomfortable, yet inevitable, life transition to consider. Continuing to enjoy the fullness of life is everyone's dream as we get older. We want to retain our dignity and be treated with respect. People in their mature years are often concerned they will run out of money. They are worried they will be a burden on their children. Imagine how your parents would feel, if they knew they would not run out of money, and their children did not find them to be a burden. Communication within a family is so important...and so difficult to do.
A Boomer Exercise for Growing Old
Source: www.howtocare.com
- Make a list of the 10 most important activities in your life
- Imagine you are 65 and eliminate 3
- Imagine you are 75; eliminate 3 more
- Imagine you are 85; eliminate 3 more
- Imagine your reaction
"If you don't want to talk about this, or if you can't, maybe you could just pray for a tornado to hit your parents the day before they get sick."
— Shlomo F. Kreitzer, a retired psychologist
Quick Facts
FACT: 40% of Canadians over the age of 30 are providing care for one or more elder family members.
FACT: Adult children spend more time caring for a parent than for a child. 18 years are spent caring for a parent vs. 17 years spent caring for a child.
FACT: Nursing home care costs in BC, today, range from $2,300 to $7,600 per month for a private room.
FACT: The government won't pay for all of our long-term care needs.
FACT: Arbutus Financial can help you find solutions...
Elder Planning
Due to the overwhelming number of Baby Boomers reaching retirement age, our economy will be strained. It is expected that by 2035, half of our Province's revenue will be spent on health care. We cannot rely on the government to support our future care needs. There are many financial planning tools we can implement to provide you with security and peace of mind, as you grow older.
Not only must we give consideration to our own future, as we grow older, but many of us must consider the future of our elder family members, and that our loved ones may require our care. It is a difficult subject to address with family members, yet it is necessary to discuss their needs, desires, and plans before we are forced into making difficult decisions regarding their care, without their input.
At Arbutus Financial we can help facilitate Elder Planning for you and your family, providing you with the
peace of mind that comes with a well thought out Family Plan.
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