Retirement is a time many people prudently save for so they can maintain a certain level of comfort and care as they age. The more you put away ahead of time, the less you have to worry about financial burdens during this stage of life after you’ve exited the workforce.

Tags: Financial Planning

Retirement is built up to be a wonderful time of life when you can relax after spending decades on a career and enjoy the fruits of your labor. In order for retirement to be the idyllic period, it should be, however, you must be diligent in planning and saving to ensure you have established the sustainable income to move into a quality independent living community while still being able to comfortably afford other items and experiences.

Tags: Financial Planning

There are numerous benefits to assisted living, not only for your parent, but for you as their caregiver as well. Most importantly, it provides comfort and peace of mind for your whole family. Whether you reside close by or far away, you know your loved one is safe and well-cared for when living at a retirement community in Federal Way. Why the hesitation to make the transition? Moving into a retirement community whether for you or our loved one can be overwhelming and it marks the beginning of a new season of life as the thought of leaving home and having to adjust to a new environment can feel challenging. Often, however that does not even include another large and looming question, is assisted living an affordable option for the family? 

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The Genworth Cost of Care Survey has been providing valuable information about the cost of senior care for 15 years. It has become the main point of referral for long-term care planning. The latest Cost of Care Survey provides some eye-opening information for seniors and their loved ones as the cost of in-home care and aging in place is typically more than the cost of assisted or independent living.

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When you think of a credit score and having good credit, you probably picture a young adult just starting out on their own. It may be someone who wants to buy a new car or a couple who just got married and want to buy a house. You may think seniors don't need a credit scores because they already have a home and a savings account, but good credit is also crucial for seniors.

Tags: Financial Planning

It’s difficult to reverse roles with your parent when they get older, but sometimes you must have tough conversations. One of the most difficult is on the subject of money. Now that your senior loved one has retired, they are living on a fixed income from how and where they invested their money. As long as they are able to remain independent and mentally alert, they can take care of their finances, but at some point, you may need to get involved.

Tags: Caregiver Tips, Financial Planning