194. The Financial Challenges of Caregiving
On this episode of CFO at Home, Vince’s guest is Nicole Smith, author of "Diagnosis Dementia: Your Guide to Elder Care Planning and Crisis Management." Nicole shares her personal journey into caregiving, sparked by her mother's Alzheimer's...
On this episode of CFO at Home, Vince’s guest is Nicole Smith, author of "Diagnosis Dementia: Your Guide to Elder Care Planning and Crisis Management." Nicole shares her personal journey into caregiving, sparked by her mother's Alzheimer's diagnosis, and discusses the emotional and financial challenges faced by caregivers, including the significant costs associated with care, the complexities of Medicare and Medicaid, and the importance of planning ahead. They also discuss the necessity of having candid conversations about mortality and financial preparedness with loved ones. To learn more about Nicole and her book, visit njsmithbooks.com
Key Topics:
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The emotional and financial impacts of caregiving
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Understanding Medicare and Medicaid limitations
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The importance of planning for long-term care
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Navigating Activities of Daily Living (ADLs) and instrumental activities of daily living (IADLs)
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Building a supportive team of professionals for elder care
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The necessity of discussing financial and medical powers of attorney
Key Links:
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Area Agencies on Aging - Eldercare Locator
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Elder Law Attorneys - National Academy of Elder Law Attorneys
Contact the Host - vince@thecfoathome.com
Want to be a guest on CFO at Home? Send Vince a message on PodMatch, here: https://www.podmatch.com/hostdetailpreview/1628643039567x840793309030672500
