The Importance of Financial Planning for Older Adults

Navigating the costs of care and asset management, especially as one ages, can be complex. The topic of finances and paying for care can be a sensitive topic. However, for older adults and their families, it is an important conversation to have to plan for the future.

This episode provides resources and information to support a loved one’s wishes before an urgent or unplanned life change occurs. 

Listen in to learn more about the following:

• Important financial considerations for older adults and caregivers.
• How older adults and caregivers can financially prepare to pay for care and living expenses.
• Average monthly costs to live in an assisted living community and ways to pay for care.
• How to start the conversation about financial resources to meet care needs and wishes.
• Helpful tips and resources for older adults and caregivers.

To view resources, show notes and access more My Care Advisors episodes, visit mycareadvisors.com.  We are grateful to be your guide.

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