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Have you thought about how you would take care of your parents’ affairs once they can no longer do it on their own? Most likely not, it is an often occurrence for children of seniors to unexpectedly become caregivers. Without proper planning, you put yourself at risk in managing your future such as your retirement fund. According to a MetLife study, the potential costs for caregivers (lost wages, pension, and social security benefits) are around an average of $300,000 per caregiver. To avoid being financially unprepared, you can start planning while your aging parents are healthy and active. Market Watch provides steps so you can prepare to take care of your elderly loved one successfully.
You will thank yourself later for avoiding the overwhelming stress of handling your parents’ affairs because you prepared ahead of time. For further information on how you can take care of your aging parents, read more caring for your aging parents checklists by 1+1 Cares.
1+1 Cares is a referral agency that works for clients and caregivers. We match caregivers with clients and inform them of your requirements. We work for you so you and your loved one can have a safe, enjoyable caregiving experience.
1+1 Cares by serving as a family’s caregiving concierge. 1+1 Cares is a unique platform that synergizes premium service, qualified caregivers, and affordable rates. By empowering families to make the right decisions, 1+1 Cares makes in-home care affordable and accessible. 1+1 Cares about you.
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