Financial planning for seniors is a different process than for younger people. Seniors are at a very different stage in life and have specific financial needs. Although investing is just a small part of senior financial planning it is a component that you should be educated in. One of the main principles of investing at any age is to invest your money based upon your timeline. The stock market has historically gone up over time but there are always ups and downs that occur intermittently. For example, a college graduate has several decades until they retire so they can choose to invest in riskier investment vehicles knowing that they can suffer a short term loss with the hopes it will provide a good return on investment in the future. On the other hand, a 65 year old who is retiring in a few months only has an investing timeline of a short period and cannot afford to invest in high risk vehicles because they need the money soon. We are fortunate to have Janine Olsen, a financial advisor. Janine has been a financial advisor with Morgan Stanley since 2008 and has been in the financial services industry for the past 17 years. Her experience includes 10 years at Fidelity Investments and two years at Morningstar Investment. Janine works with many senior and focuses her practice on helping individual investors create and adhere to financial plans that meet their personal financial needs.
Senior Public Benefits
The Golden Years, a time when most of us look forward to slowing down and retiring from active work. A lifetime of hard work can now be enjoyed as homes, cars and credit cards are all paid off. Instead, many seniors find themselves struggling to make ends meet. Most are living on a fixed income or must work to meet such basic needs as rent, food, and medication costs. Fortunately, there is help out there. On this episode, we have experts from the Council on Aging and local government to discuss the community resources and public benefits available to assist seniors in these difficult economic times.
Fitness for Seniors - Part II
Many senior citizens enjoy aerobic exercise. Most long term care and assisted living facilities offer programs as do local senior or community centers. Senior aerobics does not have to be hard or strenuous. It is a fun way to strengthen muscles, lose weight, and keep the heart healthy. The best part about senior aerobics is that it is a fun, unique approach to better health and stronger bodies. It is also a great opportunity to meet friends and work together to become healthier. We are very fortunate to have as a special guest, Rebecca Capodilupo from Boxborough, Massachusetts, a personal trainer and group exercise instructor for Seniors.
Getting Started with Senior FItness
Fitness for seniors is a very important and frequently overlooked part of their daily life. Many think exercising is only for young, healthy people, but senior citizens can also benefit from increasing their overall level of fitness. Staying fit helps to prevent injury and illness, along with improving quality of life. Many seniors are hesitant to start a fitness program thinking they are too old and that it may be too dangerous for them to begin. On today's show, we will be discussing how to get started with a fitness program. Often times, the most difficult aspect is getting start. We are very fortunate to have as a special guest, Rebecca Capodilupo from Boxborough, Massachusetts, a personal trainer and group exercise instructor for Seniors.
Long-Term Care and Asset Planning
Many seniors, at some point, will need to move into a long term care facility. Long-term care can be very expensive and, depending on which area of the country you live, costs can vary from $10,000 to $15,000 per month. Many Americans are surprised to learn that Medicare and most health insurance plans, including Medigap policies, do not cover long-term care. For many, they will be called upon to pay for their own care. To discuss planning for long term care options and to maximize financial resources are two experts with issues affecting seniors: Cathleen Summers is an Elder Law Attorney and Dori Senerchia, a Financial Advisor and Certified Long Term Care Specialist.
Aging In Place
As seniors age, most want to stay in their own home. The comfort and familiarity of their surroundings and the desire to maintain independence keeps seniors in their own home. Many want single level living or to build an in-law apartment but there are more simple things that can be done to help you stay longer in your current home. Unfortunately, most traditional homes are designed to meet the needs of young adults, and often modifications are required to tailor the home to meet the needs of an aging population. This episode features special guest Bill Dickinson, a Concord, Massachusetts Architect to discuss what can be done to your existing home to allow you to age in place.
Pets for Seniors
Owning a pet can be very enjoyable and rewarding for a senior. They can offer love and companionship, are great listeners, and excellent snugglers. For seniors, pets may also present some special challenges. Pets do come with additional work and responsibility, which can bring its own stress. However, for most people, the benefits of having a pet outweigh the drawbacks. Whether you currently own a pet or are a potential pet owner, you should take into consideration such things as financial requirements, your activity level and physical limitations to care for a pet, your living spacing, and who will take care of your pet should something happen to you. To discuss these issues are two guest pet lovers, Cathleen Summers, an Elder Law Attorney, and Geoff Stern, a professional dog trainer.
Summers, Summers & Associates, P.C. 179 Great Road, Suite 109, Acton, MA 01720
Phone: (978) 263-0006
Fax: (978) 263-0042
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