January 31, 2022 by
After almost 80 years and a variety of research studies to produce the result: a good genetic makeup and wealth really have little to do with our level of joy. The Harvard Study of Adult Development began in 1938, looking into the lives of such high-profile participants as John F. Kennedy and Ben Bradlee. Through the years, it is been expanded to add inner-city residents along with offspring from the original Harvard elite, and the results were unexpected, to say the least.
July 26, 2021 by
While we are gradually easing our way out of this pandemic, we are figuring out more information on how it has impacted older adults – both physically and emotionally. We realize older adults have been at a greater risk of serious issues and death from the COVID-19 virus; however, the impact of 15 months of physical distancing and social isolation is now revealing shocking results on senior strength post-pandemic.
May 6, 2021 by
We have long known that there are particular medications that increase the chance of elderly falls. Two decades ago, slightly more than half of seniors were impacted by that risk; yet today, that number has increased dramatically – to an astounding 94% of seniors who are now at risk of falling because of medication side effects. Not only that but, deaths from such falls are occurring at more than twice the earlier rate.
February 23, 2021 by
With a great deal of negative news in the forefront of 2020, it is worth reflecting on a few of the remarkable achievements the year brought – including the advancements in dementia research. Katie McDonough, director of programs and services at the Alzheimer’s Association, shares, “There are many things that we’re learning and it’s an exciting time for Alzheimer’s research.”
February 17, 2021 by
There are particular milestones we might experience in our lives that, though not necessarily negative, are known stressors. Losing a job. Starting a new job. Getting divorced. Getting married. And one that we in the home care industry are especially mindful of: the physical and mental impact on family members who are caring for aging parents.
February 8, 2021 by
The fear and isolation as a result of COVID-19 has wreaked havoc on the wellbeing of older adults, with nearly half of seniors surveyed in a Kaiser Family Foundation poll stating that their amount of stress and worry was adversely affecting their own health. Even though it still may be hazardous to visit in person with senior loved ones, it’s important to stay in regular and frequent contact, and also to look for any signs or changes that may signify a mental health concern, such as elderly depression.
October 20, 2020 by
With many seniors taking multiple prescriptions, and with doctors adding and changing medications and dosages to determine the perfect solutions, it is critical to know what to do with medications that are no longer needed or which have expired. There are several options: (more…)
April 21, 2020 by
Senior finance conversations can lead to a variety of arguments, heightened emotions, and misunderstandings. And for many of today’s seniors, who maintain a “Depression mentality” from years of saving for a rainy day and learning to “waste not, want not,” it can be hard for them to share access to finances with adult children, and to accept the need to spend some of those finances on caregiving needs.
Talking with an aging parent about finances is most effective when started before the need arises, understanding it may take several conversations before an agreement can be reached. These conversation starters can help:
- “Dad, in time, we’re going to need to make some decisions about the future. Now might be a good time to sit down together and go over your wishes and the financial side of making sure we can abide by those wishes.”
- “Mom, I know you’re managing your finances just fine now, but what if something were to happen to your health that prevented you from paying your bills on time? It would be good to have a backup plan in place. Let’s sit down and come up with one.”
- “Mom and Dad, you’ve always been so good at managing your finances and providing for us while we were growing up. We want to be sure to continue that legacy, and to understand how best to help you both meet your financial obligations if the time comes that you need some assistance with that.”
It can also be helpful to share real-life scenarios of a friend or neighbor who was victimized by identity theft, or a story from the news about the changing economy, stock market drops, changes to tax laws, etc. This can jumpstart a discussion about your aging parents’ own retirement plans and any financial fears for the future, allowing you to come to a mutually agreeable resolution, such as talking with a financial advisor together.
Most importantly, be sure to maintain a sense of respect, never attempting to “take over” your parents’ finances, but to provide the reassurance and peace of mind that their financial matters will continue to be managed effectively. Ask your parents for advice and include them in the decision-making process. Daniel Lash, certified financial planner at VLP Financial Advisors, suggests, “Tell them what you’re thinking about doing so you give them the power to tell you what they think you should do. It’s like they’re giving you advice because that’s what parents are good at – giving advice.”
At Home Independent Living, the top providers of home care in Syracuse, NY and the surrounding areas, offers a free in-home consultation to help older adults and the families who love them understand their options for care, and to help mediate difficult conversations such as those related to senior finance concerns. Contact us at (315) 579-HOME (4663) for assistance.
April 7, 2020 by
A recent study of over 2,000 seniors reveals that an astounding 87% take at least one prescription drug, and a full 36% are taking five or more – in addition to 38% using over-the-counter meds on a regular basis. Managing senior medicine can be extremely challenging, and there are a number of risks and dangers that can arise in the process.
December 4, 2019 by
One of the hardest challenges for older adults is accepting the need for help with financial matters. Finances are both highly personal and a representation of our independence, and adult children in particular are often met with resistance when attempting to help aging parents with finances. (more…)