“My husband and I are in a good place for retirement,” Cerissa H. told us. “Our parents, however, are not, and for different reasons.” Cerissa’s parents had careers in full-time ministry and never had a large income. Her in-laws are drowning in debt on several rental properties. “We are concerned about their quality of life, the lack of long-term care insurance for all of them, and the debt,” she said. “How do we prepare for a life where we will probably inherit adult dependents and debt? How do we encourage my parents to maintain hope for their financial future? How do we respectfully talk to my in-laws about their debt?”
A Lot of Us Are Worried About Our Parents’ RetirementMany people in this category also have limited assets to rely on when they retire. Only 35% own their home outright, and 41% do not own a home at all. For those age 65 and older, Social Security makes up more than half of their household income. Gary Shaw, investing advisor with Shaw Financial, said all this adds up to a difficult outlook both for the retirees and their children.
Nearly 60% of pre-retirees plan to keep working past retirement age. That includes 29% who say they will never retire. But among people who are already retired, the reality is only 29% were actually able to remain in the workforce past retirement age.
How to Start the Retirement Conversation With Your ParentsStatistics aside, the future you and your parents are facing will often feel overwhelming. But it is possible to make it through this tough time with your parents’ dignity and your own retirement plan intact. As with any challenge, the first step is to get a clear picture of what you’re dealing with. But having an in-depth conversation about your folks’ money situation can be tough for everyone involved. “Sometimes the parents won't share all the details with the kids,” Gary explained. “They don't want them to know how bad it really is. As a parent you want your kids to look up to you. You don't want your kids thinking less of you because you didn't manage money properly.” "...it is possible to make it through this tough time with your parents’ dignity and your own retirement plan intact."
During a Family Meeting, we provide a comfortable atmosphere in which to address the uncomfortable topics of advanced care planning. Included with the Family Meeting is our In Case of Emergency Binder (I.C.E.). This notebook will direct you through each topic and provide a place to house all pertinent information. It also includes a FREE app for your smartphone, tablet, or computer. This allows family or personal representatives remote access from any electronic smart device or computer. Choose Next Step as your first line of defense in helping your loved one face the challenges of aging and helping you when you've realized that your current situation needs more support.
Click here to purchase a Family Meeting or an In Case of Emergency (I.C.E.) binder for your family today.
1 Comment
 With diabetes rising to epidemic proportions worldwide, effective ways of treating this debilitating and often deadly disease are of international importance. Natural supplements rarely receive scientific attention; however, a type 2 diabetes study published in the International Journal of Green Pharmacy (2010) revealed that barley grass powder "holds promise to be used as a functional food to optimize the health of diabetic subjects".  Researchers at the Maharaja Sayajirao University of Baroda conducted the study using capsules of barley grass powder, produced specifically for their investigation. Over 80 percent of the type 2 diabetics in the test group were either overweight or obese, factors that are associated with the increased risk of developing diabetes. In fact, current thought suggests the cause of type 2 diabetes is a high-calorie diet rich in saturated fats - mainly from animal sources of food - that promote unhealthy weight gain and raise LDL (bad) cholesterol levels. For two months, each individual in the test group took four capsules daily that provided 1.2 grams of barley grass powder. None of them took any other supplement or pharmaceutical medication nor did the control group of diabetics who were not taking the capsules. The results were impressive for the test group taking barley grass powder; significant lowering of their glycated hemoglobin and fasting blood sugar levels. Lowering blood sugar to healthy levels is the key to reversing diabetes and its ravaging effects.  The study also showed the barley grass powder decreased the test subjects' bad cholesterol and increased their good cholesterol, results that help to lower the risk of cardiovascular diabetes, which Type 2 diabetics are prone to developing. To order AIM BarleyLife - powder or capsules - for a positive lifestyle adjustment to help lower high blood sugar and cholesterol levels, click here. Reprinted with permission of AIM International Inc., Nampa, Idaho
|
Archives
February 2023
|
We're The Company With Heart ♥ (949) 573-8504 ♥ [email protected]
26975 Calle Hermosa Ste #4 Capistrano Beach Ca 92624
26975 Calle Hermosa Ste #4 Capistrano Beach Ca 92624