Eldercare 101 (EP31)

Janet Petran, CPA, CFP® talks to Nancy Siegel, an eldercare expert with Senior Living Experts, about Eldercare basics and how to support the needs of an aging loved one.

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Selected quotes from Nancy Siegel:

“Many times, families wait for a crisis to happen, which is not good. I always recommend if you have somebody that you’re concerned about, it’s better to just know what your next step is going to be so that when you get into a crisis situation, you’re not scrambling at the last minute.”

“I think people have such a misconception of what a retirement community or an assisted living community is like, especially older people. They think of One Flew Over the Cuckoo’s Nest. That’s what it’s going to be like if you take me out of my home and put me in a place. The truth is that it’s such a warm, welcoming, activity-based environment. It’s a social model versus a medical model, which is a hospital or a nursing home.”

“While you’re living in independent living and your health declines a little bit, you can still stay in independent living and get what they call a la carte services. You can contract out services, such as if you’re forgetting to take your medicine, you can have somebody come in and remind you two or three times a day.”

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