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Aug 15
0
senior living services

Why the Greatest Generation is the Greatest at Saving

Posted by Oaks Senior Living

The Greatest Generation, as they are often referred to, came of age in one of our country’s most significant periods of economic despair, The Great Depression. Enduring the struggles that pursued, seeing their parents work hard just to lose their business, forged the idea of commercial importance in our society. Which is why the Greatest Generation is the greatest at saving, they have seen firsthand how dire it can be for the livelihood of a family. With our countries economic status waving in and out of turmoil they know to keep a few pennies in the bank but also to use it for what truly matters; money, food, their family’s needs and their own needs, such as senior living services.

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Dec 01
0
paying for memory care

4 Ways to Pay for Memory Care

Posted by Oaks Senior Living

One of the first questions we receive when we meet a family looking for memory care services is ‘How do I pay for this?’. Budget is always a concern for anyone who is considering any senior living option. While paying out of pocket from a bank or savings account is always an option, it is often not feasible for many families to cover the cost of memory care that way.

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Sep 15
0
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6 Tips for Handling Your Parent’s Finances

Posted by Oaks Senior Living

What would happen if you suddenly had to take over a parent’s finances? Unfortunately, this is the reality for many families due to illness or emergency situations. If this situation were to happen to you, we want to make sure you are prepared. Preparing yourself for how to manage your parent's finances and protect them before it is necessary creates a lot less stress in an already stressful situation.

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Jul 11
0
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How to Budget for Elderly Care

Posted by Oaks Senior Living

Budgeting for elderly care and the costs of senior living facilities are as varied as seniors themselves. We will take a look at the things you need to consider when determining what you can afford and how to pay for it.

Most people hope and plan to live independently in their own home for the rest of their lives, but at some point, you or someone in your family will likely need some form of assisted living. Determining what it will cost can be confusing and daunting. Following are some factors to consider.

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Sep 24
0

When Every Penny Counts: Facts Surrounding Senior Financial Abuse

Senior Financial Abuse has reached an all time high. All may appear well but when you look deeper you find that your elderly friends, neighbors or associates are easy targets.

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Aug 04
0

Senior Finances: How You Can Help Your Loved One

Properly handling senior finances properly is crucial especially when it involves a loved one. By the time Mimi King started asking questions about her parents' finances, they had already been bilked out of over $100,000 over a 10-year period by a trusted family member.

"It took about two years to sort it all out and stop the bleeding," says King, of Lexington, Ky. "We had to find out what the damage was, and we had to figure out a solution."

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Jul 02
0

Use These 10 Government Programs for Your Elderly Parents

If you have elderly parents you know just how important it is access the right support when needed. Here is a guide to the top 10 programs everyone who is caring for an aging parent should know about.

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