Resources For Aging Well

April is National Financial Literacy Month a good reminder that all of us can benefit from boosting our financial knowledge.But what is financial literacy? Theres no one single definition, but the term certainly covers these areas: Saving Most of us would probably agree that saving money is important, but actually doing it can be challenging given all the expenses of modern living. Still, techniques are available that everyone can follow, such as having money automatically moved each month from a checking or savings account to a financial account thats not used for daily expenses. Budgeting Budgeting isnt necessarily a fun activity but its an important one. And its easier than ever these days, given the variety of budgeting tools available online. By tracking your spending every month and organizing it into categories, you may be able to find areas where you can cut back, such as on streaming services you rarely use. Borrowing Virtually all of us carry some type of debt at various times in our lives. But its important to manage your debt load so it doesnt become too burdensome. One way of achieving this goal is to use good debts wisely such as a low-rate mortgage on your home and avoid bad debts such as high-rate credit cards used for unnecessary purchases. Investing As you go through life, youll likely have a variety of financial goals, such as making a down payment on a house, sending your children to college and attaining a comfortable retirement lifestyle. And to achieve these goals, youll need to invest for them. Thats why its important to learn about different types of investments and how to develop an investment strategy thats appropriate for your objectives, risk tolerance and time horizon. We arent born with these skills we have to learn them. Unfortunately, as valuable as they are, they arent widely taught to young people. In fact, according to a 2023 Edward Jones study conducted with Morning Consult, only 20% of respondents reported receiving financial education in school. This situation may be changing, though, as many states are now requiring or recommending personal finance education before high school graduation.For now, though, if you have younger children, try to teach them money management skills. You will likely find that they enjoy learning about these matters. You can make it fun for them in different ways, too. For example, to teach them about investing, why not buy them a share or two of stock of a company with which theyre familiar? Charting a stocks progress and learning something of the factors affecting its price can help children build a foundation in investing, which will be valuable when they reach the age when they can invest for themselves.But financial education isnt just for kids. If you feel that you are lacking somewhat in any of the key financial management areas mentioned above, you can always educate yourself by reading or talking to people knowledgeable in these subjects. You also might find it valuable to work with a financial professional someone who will take a holistic approach to your finances and make appropriate suggestions.National Financial Literacy Month will end on April 30, but the benefits of financial literacy can last a lifetime. Chad Choate III, AAMS828 3rd Avenue WestBradenton, FL  34205941-462-2445chad.choate@edwardjones.com This article was written by Edward Jones for use by your local Edward Jones Financial Advisor.  Edward Jones, Member SIPC

This comprehensive checklist helps families prepare for their parents' senior years, covering health, safety, legal, financial, and social aspects. Creating a senior life plan for aging parents is crucial for their wellbeing and peace of mind. It starts with early communication to discuss a seniors needs and preferences, considering a caregiving plan, health and medical care planning, safety and living arrangements that include developing an emergency plan. Financial discussions, managing finances without infringing on a seniors privacy. Legal documentation and insurance reviews ensure all legal matters are in order and insurance policies are adequate and current.Contact an Office in Your AreaWere so used to our parents living independently that we dont always notice when they begin to struggle with handling daily activities. Changes can begin gradually as they start to slow down, or they can happen quickly, when a parent has an unexpected diagnosis or accident. No matter if you live across town or across the country, proactively creating a senior life plan for your parents will give you peace of mind and allow them to continue to live their lives to the fullest.  Communication Approaching aging parents about planning their senior years can be a touchy subject for everyone involved. As a general rule, it is recommended to start having these conversations by the time youre in your forties, or theyre in their seventies (known as the 40-70 rule). Of course, you know your parents' habits and personalities best, so you are the best judge of their physical and mental health. Here are some factors that can determine the appropriate time to initiate this conversation:Start the conversation early, using the 40-70 rule, so you have time to make or change plans based on your parents' needsCreate a comfortable and open environment for the conversationPlan more than one conversation so you can cover all possible issuesTake notes so you remember what was discussed and can keep track of next stepsKeep a list of all their passwords for accounts such as computer, email, phone, and cable Create a Caregiving Plan A caregiving plan will ensure everyone is on the same page about the care needed and how it will be handled as your parents age. If they require additional care, consider how you can support their needs. This might involve coordinating with local caregivers, hiring professionals to assist with certain tasks, or, if you dont live nearby, planning regular visits to spend time with them.Have a caregiving plan ready in case your loved ones need in-home careDiscuss changes to your parents healthcare needs with their doctors Research different caregiving optionsFind out if your loved one has any specific needs to maintain their health and happiness  Health and Medical CareA senior life plan starts with understanding your parents health statuses and medical needs. When they are in excellent health, its essential that their care and treatment preferences are detailed in a living will or advanced directive and discussed with family members. Have this conversation now, during the planning stage, rather than during a medical emergency.Designate a healthcare proxy who can speak with doctors on your loved ones behalf and make healthcare decisions, especially if they are hospitalizedKeep a list of their medications up to date, including prescriptions, over-the-counter medications, supplements, and vitaminsKeep a list of your parent's doctors and specialists, including their contact information Ensure they are following their doctors advice and taking medications as prescribedMake a note of the closest urgent care facility and hospitalGet to know their primary care physicians Discuss your parents latest check-ups and help schedule upcoming appointments Encourage your parent to write a living will or advanced directive and keep a copy on file Safety and Living ArrangementsMost seniors want to remain in their homes as they age, connected to family, friends, and community. If your parents are able to continue living at home, consider home remodeling options to help them safely age in place. In addition, develop an emergency plan with your parents and make sure they know what to do in case of a natural disaster or other emergency.Evaluate the safety of their home and make modifications if necessaryReview any mortgage or financial concerns about the homeCheck in regularly, either in person, or by phone or video chatConsider long-term care insurance in case long-term care is ever requiredDevelop an emergency plan and list of emergency contacts Social and Support NetworkA strong social support network helps keep seniors healthy and active and gives them a sense of connection, belonging, and purpose. This support can include neighbors, friends, or other family members who can assist your loved one if needed. If possible, foster connections with their support network to have reliable contacts in case of emergencies.Encourage your parents to stay socially engaged and participate in activities that bring them joyCheck if your parents have a support network in their local communityKeep the name and number of a neighbor who can regularly check on your loved onesCreate a schedule of friends and family who call or regularly video chatEnsure your parents have access to reliable transportation when needed, especially if they dont drive Review FinancesDiscussing finances can be tricky. Seniors sometimes want to keep their financial information private, even from family members. Reassure them that they can keep exact dollar amounts confidential, but make sure you have access to the information if you need it. Have them assign a Durable Power of Attorney (POA) to someone who can make financial decisions on their behalf. When going over how your parents would like their finances handled, topics to discuss include outstanding debts, homeownership, savings, and retirement funds.Find out what financial accounts are open and where they are held Make a list of advisors contact information Ensure they are making informed decisions about retirement, investments, and insuranceStay up to date on Social Security benefits Check that beneficiary designations are currentMake sure your loved ones have a POA representativeStreamline bill paying by setting up automatic payments Ensure they know how to avoid scams Gather Legal Documents Discussing and taking care of legal issues while your parents enjoy good health can ensure everything is planned and understood. Make sure you know where your parents keep their personal information and important documents in case you need them. Go over everything together and meet with their estate planner so you can ask questions about their wishes and how to ensure they are carried out.Discuss important documents and where they are storedFind out if your parents have a will and a living will, and where they are locatedMake sure their POA for finances and healthcare proxies are in orderRead through their estate plan/will to make sure beneficiaries and responsibilities are correct and up to date Review Insurance PlansRegularly review your parents insurance policies. Its essential to know if their policies are adequate, up to date, and where the accounts are located. This information can help avoid undue financial burdens during medical emergencies or accidents. Make a list of active insurance policies such as auto, home, health, long-term care, etc.Review homeowners, auto, and life insurance policies to ensure they are adequate and up to dateReview health insurance coverage for any policy changes that need to be made based on current or future needs Aging Parents Checklist Although caring for an aging parent often means taking on financial, legal, and other responsibilities, it can also be a time to reflect on happy memories and plan for a future that includes more joyful moments. The aging parent checklist below can help you ensure youve got all the bases covered when it comes to life planning and the next steps for your aging loved ones.  CommunicationHave the conversation early so you have time to make or change plans based on your parents' needsCreate a comfortable and open environment for the conversationTake notes so you remember what was discussed and keep track of your next stepsKeep a list of all their passwords for accounts such as computer, email, phone, and cableHealth and Medical Care Designate a healthcare proxy who can speak with your loved ones doctors and make decisionsKeep an up-to-date list of all their medications, including over-the-counter, supplements, and vitaminsKeep a list of their doctors and specialists, including their contact information Ensure they are taking medications as prescribedMake a note of the closest urgent care facility and hospitalGet to know their primary care physicians Help schedule upcoming appointments Encourage your parent to write a living will and keep a copy on fileEnsure Safe Living ArrangementsEvaluate the safety of their home and make modifications if necessaryReview any mortgage or financial concerns about the homeCheck in regularly, either in person, or by phone or video chatConsider buying long-term care insuranceDevelop an emergency plan and list of emergency contacts in case of a natural disaster or other emergencyCreate a Caregiving PlanHave a caregiving plan ready in case your loved ones need in-home careDiscuss changes to your parents healthcare needs with their doctors Research different caregiving optionsFind out if your loved ones have any specific needs to maintain their health and happiness Social and Support Network Encourage your parents to stay socially engaged and participate in activities that bring them joyCheck if your parents have a support network in their local communityKeep the name and number of a neighbor who can regularly check on your loved onesCreate a schedule of friends and family who call or regularly video chatEnsure your parents have access to reliable transportation when needed, especially if they dont driveReview FinancesFind out what financial accounts are open and where they are held Make a list of advisors contact information Ensure they are making informed decisions about retirement, investments, and insuranceStay up to date on Social Security benefits Check that beneficiary designations are currentMake sure your loved ones have a POA representativeStreamline bill paying by setting up automatic payments Ensure they know how to avoid scamsGather Legal Documents  Discuss important documents and where they are storedFind out if your parents have a will and living will, and where they are locatedMake sure their POA for finances and healthcare proxies are in orderRead through their estate plan/will to make sure beneficiaries and responsibilities are correct and up to dateReview Insurance PlansMake a list of active insurance policies such as auto, home, health, long-term care, etc. Review homeowners, auto, and life insurance policies to ensure they are adequate and up to dateReview health insurance coverage regularly for any policy changes that need to be made as needs change

In this article, we explore a range of innovative kitchen gadgets that can make cooking easier, safer, and more accessible for seniors, empowering them to continue preparing their favorite meals at home with joy and confidence. By embracing these innovative tools, our senior loved ones can maintain their independence and bring joy to each day, continuing to prepare delicious meals with ease.Contact an Office in Your AreaAs we age, simple tasks like cooking can become more challenging. However, with the advancements in technology and the availability of kitchen gadgets designed specifically for seniors, cooking can continue to be enjoyable and hassle-free. Cooking at home allows seniors to control the ingredients and portion sizes, which can positively impact their health and nutrition. Additionally, seniors often have specific dietary requirements or restrictions, and preparing meals at home allows them to choose healthier options, control the amount of salt, sugar, and fat in their meals, and incorporate various nutritious ingredients.In this article, we explore a range of innovative kitchen gadgets that can make cooking easier, safer, and more accessible for seniors, empowering them to continue preparing their favorite meals at home with joy and confidence.Ergonomic UtensilsFor seniors with arthritis or reduced dexterity, traditional kitchen utensils can become difficult to handle. Ergonomic utensils are designed with user-friendly features such as comfortable grips, larger handles, and lightweight materials, making them easier to hold and maneuver. These utensils can include knives, peelers, spatulas, and ladles, all tailored to minimize strain on the hands and joints. Ergonomic utensils are practical and help reduce the risk of accidents in one of our favorite rooms in the home, the kitchen. Automatic Can OpenersOpening cans can be challenging at any age, especially for seniors with weakened grip strength or limited hand mobility. Automatic can openers are simple to operate and require minimal effort. These devices can safely and efficiently open cans, eliminating manual twisting or gripping. Some models even feature hands-free operation, where the can opener attaches to the lid and does all the work with the push of a button. Automatic can openers are easy to find and valuable to any senior's kitchen, providing convenience and helping senior loved ones stay independent. Easy-to-Read Digital ScalesAccurate measuring is crucial in cooking and specialty baking, but reading small print on traditional measuring scales can be challenging for seniors. Easy-to-read digital scales feature large, high-contrast displays with clear numerical values, making it easier for seniors to measure ingredients accurately. These scales often come with additional features such as tare function (resetting to zero after placing a container), unit conversion, and weight-locking capabilities. With digital scales, seniors can follow recipes with precision and achieve consistent results in their culinary endeavors. Best of all, Grandma's favorite cookies will continue to be the delicious treat we all remember! Safety Induction CooktopsTraditional stovetops can pose safety risks for seniors, including burns and accidental fires. Safety induction cooktops offer a solution by utilizing electromagnetic fields to generate heat directly in the cookware rather than on the surface. These cooktops remain cool to the touch, reducing the risk of burns. Additionally, they have built-in safety features such as automatic shut-off timers, temperature controls, and pan detection, ensuring that the cooktop turns off when the cookware is removed. Safety induction cooktops provide seniors a safer cooking alternative without compromising performance or versatility. Incorporating kitchen gadgets tailored for seniors can significantly enhance their cooking experience, making it safer, more convenient, and more enjoyable. From ergonomic utensils to automatic can openers, easy-to-read digital scales, and safety induction cooktops, these gadgets are designed to address seniors' specific challenges in the kitchen. By embracing these innovative tools, our senior loved ones can maintain their independence and bring joy to each day, continuing to prepare delicious meals with ease. Comfort Keepers Can HelpOur caregivers, who we call Comfort Keepers, can help seniors prepare meals, stick to an exercise plan, and provide transportation to preventive care and other doctors visits. Friendly, consistent support can help seniors make healthy changes in their livesand make it fun at the same time. Our Comfort Keepers give seniors the encouragement they need to remain healthy, happy, and engaged in activities they love every day.