Conservatorships & Reverse Mortgage Loans

The early onset Alzheimer’s diagnosis was a shock. Who would step in as Conservator and where would resources for helping the family member come from? It can be quite the balancing act. Situation: Cathy never expected her Aunt Trish would ever have needs. She was always super independent and someone she looked up to. So, when she got in trouble with some late bills and seemed to forget appointments and scheduled lunches, friends and family started to wonder what was happening. Aunt Trish covered up the problems for quite a while. But, after several incidents during the holidays, Cathy sat down with her to talk it out. Once it was finally determined that she needed help, things had gotten pretty challenging. Her credit was damaged with some past due payments but she had kept up the mortgage and property taxes. The Money Choices: Aunt [...]

Bridging the “Under 65” Healthcare Coverage Dilemma

It's beautiful, but this Bridge does not get you to the other side! Retiring early by choice or necessity can still leave a financial gap before Medicare eligibility. The Situation: Lisa enjoyed working and was skilled with analysis and databases.  Then, life handed her some health challenges that shortened her career.  She had expected to budget for healthcare in retirement, just not so soon.  She needed a financial bridge between forced early retirement and Medicare eligibility at age 65. Her townhome is just right for her and her three, adored 4-legged companions.  Lisa has been careful with her finances to keep her credit solid.  She had researched a Reverse Mortgage to pursue at age 62, as soon as she was eligible.  At this point, she was struggling to keep up with basics even with researching food aid, community resources and property tax [...]

Caregivers Never Completely Retire

Creating support & confidence in retirement finances can be challenging. A fresh look by a financial professional is a good start. The Story: Chris is a busy guy.  Melissa, his lovely wife, and their 3 adult children are disabled.  While they do receive disability income, it’s limited and Chris has worked hard to create security for his family and to take care of them.  Multiple rental properties provide additional income, but also have maintenance needs.  He knows he needs to shift gears, since at 70 he’s not going to be able to continue do all the maintenance himself and still be there for his family members in the way that he wants to.  Caregivers in retirement don't completely retire. The Financial Challenge: Chris has a private loan of $250,000 now due on one of the rental properties and needs funds [...]

The Cost of In-Home Care Successfully Managed

For Deanna, living 50 + years in one home does not just accumulate memories, but forges a lifeline that connects her past and present. An Alpenrose Dairy box on the front porch of a home in Portland is a sign from a time that has long passed.  Cottage cheese, sour cream, and (my personal favorite as a kid) chocolate milk! were delivered to your home every week.  For Deanna, living 50 + years in one home does not just accumulate memories, but forges a lifeline that connects her past and present. At age 85, she will tell you she has spent time in assisted living and nursing home care. People have been kind everywhere, but there is no place like home.  Deanna is extremely happy to have figured how how to manage the cost of in-home care and to be [...]

Go to Top