Wake Up with Wealthtender

Wake Up with Wealthtender: Who Cares

By  Wealthtender HQ

Disclaimer: In order to make Wealthtender free for our readers, we earn money from advertisers including financial professionals who pay to be featured on our platform. This creates a natural conflict of interest when we favor promotion of our clients over other professionals not featured on Wealthtender. Learn how we operate with integrity to earn your trust.

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Good morning.

Your children are growing older and are well on their way to becoming independent. Which could prove timely if you’re among the many Americans taking care of an elderly parent or expecting to become a caregiver for an older family member or significant other.

In fact, more than 30 million Americans have provided unpaid care to an adult age 50 or older in the last 12 months according to the Family Caregiver Alliance.

Whether you’re currently a caregiver or expect to be one soon, today’s recommended reads and listens will help you prepare and understand financial considerations when it comes to caregiving so you can spend less time worrying about money, and more time with the people in your life who matter the most. 💞

Are you looking for a financial professional who can help you navigate the elder care landscape?  Get to know the financial advisors and financial coaches featured on Wealthtender you can depend on when you’re caring for others who depend upon you.

Friday Trivia: What is the average age of care recipients in the United States? 👇

Worried Medicare Won’t Cover All Your Costs? PACE Might Help.

Some people are forced to use up all their retirement savings and sell their assets to pay for their long-term care. And with the average cost of nursing home care in the U.S. coming in at an astonishing $7,441 per month for a semi-private room, it doesn’t take long for some people to exhaust their retirement savings.

And this is where PACE is a godsend for some people. PACE stands for Program of All-Inclusive Care for the Elderly. It’s a U.S. government program that helps frail seniors age in place in their own homes as opposed to having to go to an expensive nursing home to receive their care. PACE is a Medicaid and Medicare program.

[Read the Article]


This Week’s Reads & Listens

Enjoy this curated selection of content from Wealthtender Financial Network partners.

👭 Who Moved My Teeth? A Caregiver’s Story

In this podcast episode hosted by financial advisor Stephanie McCullough, learn best practices and hard truths about being a caregiver from her guest Cathy Sikorski, author of Who Moved My Teeth. [Take Back Retirement Podcast]

🏥 5 Reasons to Think About Long-Term Care Planning Today

For most people, the eventual need for some type of long-term care will be unavoidable. When it happens is not the best time to investigate the options – there is a real need to be prepared ahead of time.[Mitlin Financial]

🧾 How to Prepare for Caregiving – Whether It Happens or Not

Could caregiving be in your future? What if you are not a caregiver now? What can you do to prepare for that “what if”? [Kristen Edens]

🧠 Learning, Coping, and Surviving as an Alzheimer’s Caregiver 

In this podcast episode hosted by financial advisor Jeremy Keil, learn how former Wisconsin governor Marty Schreiber has provided care to his wife with Alzheimer’s for more than 18 years. [Retirement Revealed Podcast]

💰 Helpful Ways to Save Money for Long-Term Care

Fiona is a Certified Financial Planner known for her blog The Millennial Money Woman. In this interview with host Jen Hemphill, learn strategies to overcome concerns of long-term care costs and the importance of planning now. [Her Dinero Matters Podcast]

😲 Unexpected Costs in Retirement

No matter what your situation, it always pays to plan for some retirement wiggle room, just in case. [MoneyNing]

🙋‍♂️ Do You Need Long-Term Care Insurance?

Ironically, one of the reasons why long-term care has become increasingly common is because people are living longer. A long-term care policy ensure you’ll be taken care of when you may not be able to care for yourself. [WalletHacks]

👴 Senior Living Communities: Advantages and Disadvantages

If money is less of a concern, higher-end, over 55 communities come with compelling benefits, along with a few drawbacks. Learn the pros and cons. [Moneylogue]

Can’t get enough? Check out these articles from members of our community, too:

  • Can I Work and Collect Social Security in 2021 [Dividend Power]
  • Can Your Aging Parents Afford to Live in Your State? [Saving Advice]
  • Are You Underrating These Retirement Costs? [ValueWalk]
  • 5 Expensive Life Events That Are Hard To Prepare For [Money Mini Blog]

Still want more? 🔎 Put the WISE Search Engine to work for you.

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We’re excited to introduce you to financial advisors and financial coaches featured on Wealthtender. Visit their profile page to learn more! Know someone who might be a good match? Forward this email and put your matchmaking skills into practice. 🤝




The Brightest Stars

Each week we showcase a member of our network who has earned a 5-star review on Wealthtender. 

My Money Chronicles – I created My Money Chronicles for a few reasons: 1. To document my debt reduction journey. I want y’all to go through this journey with me. I want y’all to see the ups and downs of this journey. 2. To talk about travel. I love to travel. It is my anti-drug. I’ve been able to visit wonderful places such as Chicago, Havana, Cuba, and Miami without going broke. I’m convinced that you can do the same thing. 3. To discuss finances and side hustles. People need to be educated about money. It’s a taboo subject for a lot of people, but it shouldn’t be.



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👉 Friday Trivia: What is the average age of care recipients in the United States? The average age of care recipients is between 69 and 70 and 65% of care recipients are female.

Disclaimer: In order to make Wealthtender free for our readers, we earn money from advertisers including financial professionals who pay to be featured on our platform. This creates a natural conflict of interest when we favor promotion of our clients over other professionals not featured on Wealthtender. Learn how we operate with integrity to earn your trust.

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