Chap Oscar’s Great Advice for our Aging Population!
Nashville,TN
I would classify these as timely steps to take with aging seniors. Many of our elderly are outlasting their retirement savings. I count the times I have had the discussion over the years with friends, relatives, congregants and or counseling clients who become ill or die before making their financial wishes known. On Sunday I was the Guest Pastor at Mill Creek Baptist Church here in Nashville, TN. This Church has a history that goes back to the year 1797 or so. Marsha and I had an excellent time and there in attendance quite a few senior citizens.
For older people, one of the most important things is to maintain control of their lives. Many don't want to end up with their children, pastor, spiritual leader or Chap Oscar telling them where they're going to live and what they're going to do."
Now is the perfect time for family to sit and discuss plans with them proactively- from retiring to traveling to moving to an assisted living community -- you'll reassure them that they're still in charge.
When a parent becomes sick or passes away the last thing and most difficult thing is to spend hours hunting for insurance documents and account numbers.
There should be some key person who has a master list put up in a safe place where important documents can be easily found. In it you will information about savings, checking, investment and retirement accounts, including names of banks and brokerages, account numbers and instructions for online access. Insurance policy numbers along with the names and contact information of their insurance agents. Instructions on where to find important documents such as wills, stock or bond certificates, tax returns and the deed to their home. Names and contact info for the Church, pastor, lawyer and or accountant.
If your aging relative has a stroke, his or her accounts will be frozen and untouchable, but a power of attorney document allows the person who's appointed full access to make decisions on behalf of another person who's incapable.
As a Chaplain my experience is to gently ask the big question just what concerns you? The passion of my heart was to share with the Mill Creek Baptist Church family the longing God has to bless His children with mercy and grace in the coming days to protect His Name Sake!
I so appreciate you Ted Ciuba for making the warm Introduction www.ThinkRich.com
Big Chap Oscar thanks all for attending (great turnout) and keeping us in your prayers my Dear Examiner family!
ChapOscar's new email address Chap@ChapOscar.com
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