Retirement8000 Days in Retirement: Evaluate Your Caregiving Responsibilities

If you are a caregiver – whether that be for an elderly parent, a grandchild, or anything else, you will need to determine how long you can adequately maintain the care you are providing.

  • Is your home currently set up for caregiving? Especially once mobility becomes more of a challenge.
  • You will need to plan for when you will no longer be best suited to provide the care.
  • You should plan for an approximate time frame, the transition of care, and what the end result will be.

Other questions to consider:

  • Will you need to place elders in a facility?
  • What is their health like?
  • Who will help make decisions regarding their health?
  • Do you have siblings? If so, what role do they play?

 

This material was prepared by Bill Good. Bill Good is not affiliated with Bailey Wealth Services or LPL Financial.

 

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