"Carroll weaves her vast experience in long term care insurance and personal insights into the MUST-READ book! It is jam-packed with helpful information families and professionals need to know in order to make informed decisions about aging planning."—Annalee Kruger, President of Care Right Inc., and author of The Invisible Patient: The Emotional, Financial, and Physical Toll on Family Caregivers
Who’s going to be the physical, emotional, and financial caregiver in your family (no matter how you define family)? Few of us understand or are prepared for the breadth of lifestyle implications that come with that role. On the flip side, what if it’s you that needs care?
Meet the Jones family, a multigenerational example of how it all works in the real world. Follow Jodi and her family as they suddenly must deal with her parent’s extended care needs. Tension, guilt, and a lack of information start to impact Jodi’s health, happiness, job and family, relationships. Follow along as this multigenerational family uses my three-step process to create a Care Guide, a Care Squad, and a Care Planning Team. Learn how to establish a framework to start and continue conversations, minimize tension, and gain an overview of several planning options to fit almost any budget so you’re ready for tomorrow.
Carroll S. Golden, CLU, ChFC, FLMI, CASL, LACP, LTCP, CLTC, is an executive, author, and pubic speaker whose focus is working with agents/advisors and caregivers about opening family discussions and planning for extended care needs. Currently, she serves as the Executive Director of the National Association of Insurance and Financial Advisors (NAIFA) Specialty Centers. She is dedicated to helping professionals and families create and fund a plan for extended care by providing actionable information, guidance, effective strategies, expertise, and resources. Following Carroll’s text-book for professionals, “How Not To Tear Your Family Apart,” her second book, an Amazon #1 Best Seller story-book, “How Not To Pull Your Family Apart” encourages individuals and families to identify with the story’s characters, overcome the silence, and engage in these important discussions. Carroll can be reached at firstname.lastname@example.org
The Engagement of Boomer Retirees and near Retirees at the Workplace May Surprise You! According to a July 25, 2023, article by Ryan Pendell, A Snapshot of Older Generation Engagement Trends, "as of the end of 2022, 35% of employees in the baby boomer generation are engaged at work. That means boomers are slightly more engaged than older millennials (33%) and Gen Xers (31%) but have the same level of engagement as Gen Zers and younger millennials.
Supplemental income is an acute need for many nearing retirement today. According to Gallup’s latest survey, only 39% of nonretired Americans aged 50 to 64 think they have enough money to live comfortably in retirement. In general, nonretirees expect to rely on income sources other than Social Security, including part-time work, in retirement.” For those who deal with workplace benefits, that translates into providing benefits, including supplemental benefits, that respond to today’s workplace population comprised of of older millennials (33%) and Gen Xers (31%) Gen Zers and younger millennials (33%).
How Not To Pull Your Family Apart
We both participate in 401K qualified savings plans. Both employers offer contributions for participants.
We sometimes carry a small running debt on our credit cards.
We access health-care coverage through Jackson’s employment. Since it’s a high deductible health plan, we qualify and contribute to individual health savings accounts.
We both have employer group disability insurance. Jackson has an additional disability insurance policy that he carries due to our home mortgage.
I envision retiring before Jackson, who wants to collect the optimal amount of Social Security benefits for which he can qualify since currently there is a financial bonus for delaying his benefit election.”
Nicole and Erik simultaneously ask, “What kind of financial bonus?”