Abeona Wealth’s Post

It was a pleasure to join James Appleby, CEO of the Gerontological Society of America (GSA) for this conversation on Financial Caregiving - a topic explored in recently released TIAA Institute research. James and I discussed the financial dimensions of caregiving and actions that families, employers and policymakers can take to address this critical need. Caregiving expenses, which can be substantial, have rarely been a focus of traditional financial planning, putting retirement security at risk. Too many people are taking on the role of financial caregiving without adequate information or support. We can all use this knowledge to make and support more informed decisions so we can be a leader in our community. Our hope is to work towards a financial future in which we are not only living longer, but also living healthily and with longevity fitness. Please take a listen at this link: https://lnkd.in/gZ6HqEqn #Caregiving #FinancialPlanning #Health #Retirement #FinancialLiteracy #Longevity #LongevityLiteracy #RetirementIncome

💰 The cost of 𝗹𝗼𝗻𝗴-𝘁𝗲𝗿𝗺 𝗰𝗮𝗿𝗲 𝗳𝗮𝗰𝗶𝗹𝗶𝘁𝗶𝗲𝘀 is rising alarmingly in the US, posing 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘳𝘪𝘴𝘬𝘴 to seniors and their families. A 𝘤𝘰𝘮𝘱𝘳𝘦𝘩𝘦𝘯𝘴𝘪𝘷𝘦 𝘴𝘰𝘭𝘶𝘵𝘪𝘰𝘯 needs to be found to mitigate these soaring expenses. Let's change conversations around 𝗹𝗼𝗻𝗴-𝘁𝗲𝗿𝗺 𝗰𝗮𝗿𝗲 and 𝗿𝗲𝘁𝗶𝗿𝗲𝗺𝗲𝗻𝘁 𝗽𝗹𝗮𝗻𝗻𝗶𝗻𝗴. 💼 👀 Check out this insightful 𝗡𝗬 𝗧𝗶𝗺𝗲𝘀 𝗮𝗿𝘁𝗶𝗰𝗹𝗲 for more details. #SeniorCare #HealthCareCosts #LongTermCare #KrollProukouLLP #ElderCare #ElderLaw

💰 The cost of 𝗹𝗼𝗻𝗴-𝘁𝗲𝗿𝗺 𝗰𝗮𝗿𝗲 𝗳𝗮𝗰𝗶𝗹𝗶𝘁𝗶𝗲𝘀 is rising alarmingly in the US, posing 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘳𝘪𝘴𝘬𝘴 to seniors and their families. A 𝘤𝘰𝘮𝘱𝘳𝘦𝘩𝘦𝘯𝘴𝘪𝘷𝘦 𝘴𝘰𝘭𝘶𝘵𝘪𝘰𝘯 needs to be found to mitigate these soaring expenses. Let's change conversations around 𝗹𝗼𝗻𝗴-𝘁𝗲𝗿𝗺 𝗰𝗮𝗿𝗲 and 𝗿𝗲𝘁𝗶𝗿𝗲𝗺𝗲𝗻𝘁 𝗽𝗹𝗮𝗻𝗻𝗶𝗻𝗴. 💼 👀 Check out this insightful 𝗡𝗬 𝗧𝗶𝗺𝗲𝘀 𝗮𝗿𝘁𝗶𝗰𝗹𝗲 for more details. #SeniorCare #HealthCareCosts #LongTermCare #KrollProukouLLP #ElderCare #ElderLaw

💰 The cost of 𝗹𝗼𝗻𝗴-𝘁𝗲𝗿𝗺 𝗰𝗮𝗿𝗲 𝗳𝗮𝗰𝗶𝗹𝗶𝘁𝗶𝗲𝘀 is rising alarmingly in the US, posing 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘳𝘪𝘴𝘬𝘴 to seniors and their families. A 𝘤𝘰𝘮𝘱𝘳𝘦𝘩𝘦𝘯𝘴𝘪𝘷𝘦 𝘴𝘰𝘭𝘶𝘵𝘪𝘰𝘯 needs to be found to mitigate these soaring expenses. Let's change conversations around 𝗹𝗼𝗻𝗴-𝘁𝗲𝗿𝗺 𝗰𝗮𝗿𝗲 and 𝗿𝗲𝘁𝗶𝗿𝗲𝗺𝗲𝗻𝘁 𝗽𝗹𝗮𝗻𝗻𝗶𝗻𝗴. 💼 👀 Check out this insightful 𝗡𝗬 𝗧𝗶𝗺𝗲𝘀 𝗮𝗿𝘁𝗶𝗰𝗹𝗲 for more details. #SeniorCare #HealthCareCosts #LongTermCare #KrollProukouLLP #ElderCare #ElderLaw

👵👴 One in 10 Gen Xers spend more than state pension on care. Recent research from Just Group reveals that 11% of those born between 1965 and 1980 are shelling out an average of £237.50 per week to look after their elderly relatives. 💸 That adds up to a staggering £12,350 a year—over £800 more than the annual full state pension of £11,542. And it’s not just about the money. The majority of these caregivers report feeling financially and emotionally drained, with 54% feeling poorer and 53% more tired. Plus, nearly 40% feel utterly unprepared for the toll it takes, and 42% are stressed by the demands of caregiving. This places Gen X in a precarious position. 👇 Known as Generation Anxiety, they’re not only caring for aging parents but also managing mortgages, supporting their children, and trying to save for their own retirements. 💼 All this during uncertain economic times that demand working later into life. It’s clear: we need policies that address the real costs of caregiving. Source: https://lnkd.in/ej5GGvEm #GenX #GenerationAnxiety #Generations #Care #Pension

Speaking as someone providing support for ageing parents, it really is something you're never prepared for - both the emotional, physical and mental pressure that it puts on you. All exacerbated by the fact you never feel like you're doing quite enough - child guilt! Which is why having a supportive workplace is crucial in allowing caregivers the flexibility they need to do both their jobs and their caring roles justice. Employers should understand the toll that this can take, and take steps to ensure they've got the right policies, support and culture in place to ease that burden. #Carer #EmployeeWellbeing

Have you heard about the new federal protection for retirement savings targeted at the advisers who manage them? Do you know how NSR (nervous system regulation) can diminish caregiver stress? Why is colon cancer in the highest age group receiving the lowest amount of attention? These are the 3 🔥 topics trending in our new Senior Spotlight!

As we continue to add years to our lives, it also becomes imperative that we plan for increased healthcare costs, that could potentially derail our financial and retirement plans if not accounted for. Please contact us today for a complimentary meeting to review your existing financial plan or create a new one. #wealthadvisor #financialwellness

Long-term care services are costly and these costs are increasing at alarming rates. In #Denver #Colorado, you see how expensive long-term care is and how these costs are expected to increase in the years ahead. Without a plan, the cost of care will adversely impact your income and assets and burden those you love. Find the cost of care where you live - https://lnkd.in/dZazMBV Use the resources available on LTC NEWS to learn more about aging, caregiving, health, lifestyle, long-term care, and retirement planning — www.ltcnews.com

If you have a loved one with memory troubles or a dementia diagnosis 🧠😟, don’t miss this week’s blog, “What Caregivers Need to Know About Estate Planning for a Loved One With Dementia -Part 1.” We cover the legal planning essentials you need to know right now. ▶️ https://lnkd.in/gdfKZeK9 #gonzalezwood #houstontxlawfirm #highnetworth #assetprotection #businesssuccessionplanning #txbusinessowner #retirement #trusts #familylegacy #strategicplanning #dynastytrusts