Alzheimer Advisor Alzheimer AdvisorCoaching families and their financial advisors to learn the skills necessary to live fruitful lives
34 years ago I started my career in the financial services industry. I set up my first registered investment advisory firm in 1982 (Financial Action Plans,Inc.) and began doing financial planning for my clients.
In my last post I mentioned a conversation the medical director of my mom’s assisted living residence had with me. She suggested we enter mom into the hospice program. With some trepidation I agreed and met with the hospice nurse who very gently described to me the program that would follow. She informed me that…
Many of us might believe that when we choose to accept hospice care at the end of our lives, our lives will be shortened as a result. After all, hospice patients often stop painful chemotherapy or other interventions that are expected to prolong their lives. But a number of studies have proven this not to…
As I stated in my book, Passing the Torch, Critical Conversations with Your Adult Children, care for seniors will change dramatically as more and more baby boomers join the retiree ranks. Most boomers never want to go near a nursing home and are very averse to ultimately living in a traditional assisted living residence. Research…
The last six months of my father’s life, I visited him every week in his rehab facility. He was desperately trying to get well enough to return home. Because of his Parkinson’s disease he could no longer swallow and as a result couldn’t eat normally. But he could talk. And we would talk for hours…
The Allianz Life Insurance Company conducted a study they defined as “The American Legacies Study”. They gathered information by conducting over 2000 interviews with Baby Boomers and their parents. One of the findings their study revealed was the existence of the “Alpha Child.” This is the child that keeps the family connected, who is always…
What is your relationship with money? Do you completely ignore it and let your spouse handle it? Or are you a saver, keeping track of every penny you are able to add to your savings account? Are you a risk taker, making big bets on the next big thing, or a risk avoider, not even…
In a recent AARP study, nearly 75% of adults 45 and older said they strongly desire to stay in their current home as long as possible if they have a chronic illness or need long term care. Many baby boomers state that they would never cross the threshold of a traditional nursing home. But what…
As a financial advisor to families for over 30 years, one of the most difficult conversations I had with clients was convincing them to discuss their estate plans with their children. They would often tell me. “The kids will work it out after we are gone” This was a recipe for disaster, setting the children…
Many boomers who have been fortunate (or skilled) enough to build up a sizable investment portfolio are concerned that their children are not prepared to manage it. “What will happen to our money when our children inherit it?” is a very important question. The Investment News has reported that over the next 30 years, an…
Many seniors want to do everything they can to stay in their homes as they get older. But often they need help to handle various responsibilities including getting to medical appointments, shopping, socializing with friends, preparing meals, and managing things around the house. They usually have two choices to get these services. First they can…