You’ve heard it before: Americans are living longer. Advances in medicine and technology have increased our longevity as well as our quality of life. But the latter doesn’t just happen by accident. It takes a savvy senior and a well-orchestrated team to pull together all the resources needed to maintain a certain lifestyle in retirement.
Get to know some of the professionals who stand at the ready, if and when you should need them.
1. Healthcare advocates
These professionals can help patients and families navigate public and private medical resources such as Medicare or individual insurance, as well as help evaluate in-home and long-term care options. Families separated by distance may take comfort in knowing their loved one is guarded by a healthcare advocate committed to ideal outcomes.
2. Medical specialists
Beyond traditional specialists such as orthopedists or cardiologists, some doctors hold special designations that may be helpful in your situation. For example, Certified Dementia Practitioners specialize in memory care and medication management to help mitigate side effects that may exacerbate dementia and Alzheimer’s symptoms. Some health professionals provide in-home care similar to services you’d find in a hospital or care facility. Start your search by looking for a caring, compassionate professional who also has experience with situations similar to yours. Verify that their training meets your state Department of Health’s guidelines.
3. Elder law attorneys
Elder law goes beyond basic legal services to help older Americans prepare important documents – such as powers of attorney, medical privacy release forms, living will and legacy documents – as well as review estate plans and update beneficiary designations. Other services include long-term care planning, resolving Social Security issues, fighting age discrimination, establishing conservatorship and litigating elder abuse cases.
4. Transportation experts
Driving specialists or driver rehabilitation specialists have backgrounds in occupational therapy and can recommend mobility equipment that would keep you or a loved one safely on the road for longer. Look for experience, clear pricing and convenient locations. Experts may have formal designations like Certified Driver Rehabilitation Specialist.
5. Senior move managers
Moving can be overwhelming for anyone, but especially for seniors making a lifestyle change. Sorting through a lifetime of memories and possessions takes time and may be made more difficult by the realization that life is changing more than expected. That’s where senior move managers come in to help declutter, organize and lend perspective when it’s time to decide what stays and what goes. They can also arrange to sell or donate unwanted items, supervise movers and then set up a new home.
Resources: National Association of Senior Move Managers
6. Care managers
These professionals connect families caring for loved ones with the right services, whether for healthcare, housing and social activities, or legal and financial services. They develop and maintain a care plan that evolves as needs change. Many caregivers believe they can perform these services for themselves, but experienced care managers often find appropriate and cost-effective solutions more efficiently than most of us could on our own, saving money and alleviating stress in one fell swoop.
7. Aging in place experts
Certified aging in place specialists employ universal design ideas to modify and build safer living spaces for those who want to live independently. Those who have earned the CAPS designation have been certified as specialists by the National Association of Home Builders.
8. Professional fiduciaries
Professional fiduciaries provide critical assessments and planning for seniors and their families facing medical, psychological, housing, social, legal and/or financial obstacles. They may be tasked with managing financial affairs or coordinating day-to-day activities for those who can no longer do so for themselves.
9. Veterans services officers
These experts assist veterans and their families with navigating the benefits and integrated health services offered by the U.S. Department of Veterans Affairs. They can help you find a local VA medical hospital or outpatient facility; apply for federal benefits and employment assistance; and access specialized programs designed for military members. Widows and widowers also may need help applying for burial and survivors’ benefits.
10. Financial professionals
Your financial advisor can work with your estate attorney and an accountant to help pull financial, tax and estate plans together, and coordinate with other specialists who can help you or a loved one live a fulfilling life throughout retirement. He or she has likely helped others in similar situations and has the expertise to bring together health and wealth solutions that can alleviate some of the burden that may come to rest on your shoulders.
You may never need some of these services. But understanding your options and having a contingency plan for “just in case” ensures you and your loved ones will be well taken care of at a time when they may need it the most.
Raymond James does not provide tax services. Please discuss these matters with the appropriate professional.
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