Financial Decisions Archives - FirstLantic Blog

4 04, 2022

How to Make Senior Life Transitions Less Stressful

Patricia Neuray2022-12-19T03:20:18-05:00April 4th, 2022|Categories: #Stess, Aging, Financial Decisions, Loneliness and Isolation|Tags: #homecare, #HomeHealthcare, #SeniorLifeTransitions, #Seniors, #Stress, eldercare, FirstLantic, senior loneliness|

12 million - The number of Americans over age 65 who live alone, according to a report by the Pew Research Center. And according to the U.S. Census, the rate of childless individuals among boomers is close to 20% with 27%. That means that many of these seniors will lack familial support and advocacy should they need it. Unfortunately, as we age and our mental or physical health may decline, that's the time when we need support the most. In addition to making critical medical decisions, there is a confusing maze of insurance, healthcare options, estate planning, etc. All these things are confusing for people of any age but especially difficult when you are at a vulnerable point in your life. Understanding the cost of [...]

27 12, 2021

How to Get Your Finances Back on Track After the Holidays

Patricia Neuray2022-12-19T20:48:56-05:00December 27th, 2021|Categories: #holidays, #Stess, Budgets, Credit card debt, Debt-free, Financial Decisions|Tags: #Budget, #CreditCardDebt, #Debt, #DebtFree, #Holidays, #Seniors, FirstLantic|

The Grinch may not have stolen Christmas, but it might feel like he stole your wallet! Research shows that the average American will spend $835.00 on gifts this year, and that does not include the extras like decorations, food, and of course, the blinking sweater. So, if you are starting to panic about January, read on as FirstLantic (with help from NerdWallet) has some great tips for getting back your financial footing after the holidays. Stay positive Recognize that you can get back on track if you have a plan and stick to it. The most important thing is to act. Don’t bury your head in the sand and think the money will fall from the sky (although it would be nice if [...]

9 11, 2021

Home Care Benefits for Senior Veterans

Patricia Neuray2022-12-19T20:51:56-05:00November 9th, 2021|Categories: Aging, assisted living, Financial Decisions, Home Caregivers, Loneliness and Isolation, Retirement, Veterans|Tags: #homecare, #Veterans #VeteransDay #HomeHealthCare|

Veterans Day is celebrated on November 11th to remember the sacrifices of those who served in the military protecting our freedoms. As Americans, we owe them and their families a huge debt of gratitude and respect. That's why no Veteran should ever have to worry about receiving proper care as they age. Although Vets are used to giving to others, they may require help as they get older. Home care is one of the best options as it allows Vets to remain safely in their homes while maintaining as much independence as possible. Fortunately, there are various types of home healthcare services available, so you can find the one that best suits you or a loved ones’ needs. Telehealth Operated by the U.S. [...]

2 11, 2021

Payment Options for Senior HomeCare Services

Patricia Neuray2022-12-19T20:52:38-05:00November 2nd, 2021|Categories: Aging, assisted living, Financial Decisions, Home Caregivers, Nursing, Retirement, Veterans|Tags: #homecare, #HomeHealthcare, #LifeInsurance, #LongTermCare, #LongTermCareInsurance, #MedicareAdvantage, #Veterans, FirstLantic|

One of the most challenging decisions seniors or their relatives can make is determining if and when to get help with their care. Many seniors would prefer to stay in their own home, but sometimes the basic chores they take for granted may become too much. They need some assistance with cooking, transportation, medication management, or simply could use some companionship. Whatever the reason, the more difficult question often becomes how to pay for care. FirstLantic offers guidance on payment options. However, before determining the best way to fund it, it’s helpful to differentiate between home care and home health care. Home Care Aides assist with daily living such as dressing, housekeeping, and transportation, referred to as personal care, attendant care, non-medical care, and companion care. [...]

17 08, 2021

Ten Simple Steps to Create your Own Will or Trust

Kate Jordan2022-12-19T20:29:20-05:00August 17th, 2021|Categories: Aging, Financial Decisions|Tags: estate planning, wills and trust, writing your own will|

Let’s be honest, most of us will procrastinate whenever possible especially if it’s an unpleasant task. And planning or updating a will or trust is certainly not at the top of most people’s list of entertaining things to do. Yet, it is one of the most important ways that you can protect your family. Putting together the right plan can save on taxes, family feuds, hurt feelings, legal costs etc. Depending on the size of your estate, you may need to hire a lawyer. However, you can also write your own will or trust with these ten tips from FirstLantic. Determine whether to create a will and/or a trust What is the difference? A will is a written document expressing a deceased person's [...]