Providing care for an aging parent is a time-consuming labor of love. Additionally, it may affect financial resources, as family caregivers may decide to take unpaid leave from work, reduce their hours, or stop working altogether.
It is common for family caregivers to set aside their long-term financial goals so that they can concentrate on a loved one’s needs. And, up to one in three family caregivers who are close to retiring are using their own savings to care for a loved one.
There are ways, however, to prevent compromising your retirement resources while caring for a loved one.
While the immediate needs your loved one is experiencing might seem to demand your full attention, make time to make your own long-term planning a priority as well. Your financial advisor can help you build a retirement plan that includes consideration for future long-term care needs. A long-term care insurance policy, for example, can help with the expense of home care services whenever the need arises.
Working with a home care provider, like Compassionate Nursing Services, serving St. Louis, Ladue, O’Fallon, and the surrounding areas, helps you achieve a comfortable balance between earning an income and caring for an aging loved one. You can decide how much time to dedicate to working while knowing your parent is receiving excellent care, additional opportunities for socialization and fun outings, and much more.
Our highly trained and experienced caregivers are here to help as much as needed, whether just a few hours each week, 40 hours or more to allow you to work full-time, or even 24 hours a day, around the clock. Let us help both you and your loved one set and achieve new goals. Contact us at 314-432-4312 to learn more about the many ways in-home care services can help!
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