"Carroll weaves her vast experience in long term care insurance and personal insights into the MUST-READ book! It is jam-packed with helpful information families and professionals need to know in order to make informed decisions about aging planning."—Annalee Kruger, President of Care Right Inc., and author of The Invisible Patient: The Emotional, Financial, and Physical Toll on Family Caregivers
Who’s going to be the physical, emotional, and financial caregiver in your family (no matter how you define family)? Few of us understand or are prepared for the breadth of lifestyle implications that come with that role. On the flip side, what if it’s you that needs care?
Meet the Jones family, a multigenerational example of how it all works in the real world. Follow Jodi and her family as they suddenly must deal with her parent’s extended care needs. Tension, guilt, and a lack of information start to impact Jodi’s health, happiness, job and family, relationships. Follow along as this multigenerational family uses my three-step process to create a Care Guide, a Care Squad, and a Care Planning Team. Learn how to establish a framework to start and continue conversations, minimize tension, and gain an overview of several planning options to fit almost any budget so you’re ready for tomorrow.
Carroll S. Golden, CLU, ChFC, FLMI, CASL, LACP, LTCP, CLTC, is an executive, author, and pubic speaker whose focus is working with agents/advisors and caregivers about opening family discussions and planning for extended care needs. Currently, she serves as the Executive Director of the National Association of Insurance and Financial Advisors (NAIFA) Specialty Centers. She is dedicated to helping professionals and families create and fund a plan for extended care by providing actionable information, guidance, effective strategies, expertise, and resources. Following Carroll’s text-book for professionals, “How Not To Tear Your Family Apart,” her second book, an Amazon #1 Best Seller story-book, “How Not To Pull Your Family Apart” encourages individuals and families to identify with the story’s characters, overcome the silence, and engage in these important discussions. Carroll can be reached at firstname.lastname@example.org
When it comes to caregiver support, where the care recipient lives does matter. Why? Because if your family member decides to retire to a less expensive rural area to age-in-place, accessing welcome caregiver/care recipient support may be limited or hours away. And here’s an interesting fact, according to a USDA Economic Research Service 2022 report, "Rural America at a Glance," the historic patters of out-migration among young adults and in-migration of older adults to rural retirement destinations have accelerated the trend to retire to rural (non-metro) areas. As of 2021, for the first time, people 65 years and older made up over 20 percent of non-metro population.
There is an ongoing shift in employment of racial and ethnic groups, especially evident in the emerging sectors of rural America. The health care and social assistance in rural areas ranks among them.
Bottom line, the ‘shift’ of retirees to rural destinations can have a profound effect on family and friend caregivers/care recipients. A University of Minnesota study found that in many rural areas, there are 32.9 home health aides for every 1,000 65+ adults in rural areas, compared to 50.4 for every 1,000 older urban residents. Time to include this rural vs. urban trend in planning discussions about where to age-in-place.
How Not To Pull Your Family Apart
Jackson and Jodi were struggling with envisioning their individual future selves. They found answering this list of questions helpful, enlightening, and fun!
Do you have a retirement date in mind?
If applicable, do you think your spouse/partner has the same date in mind?
Will you want to travel? Do you have a budget in mind for travel and excursions?
Will you want to entertain? Do you have a location and budget in mind?
Do you expect to do volunteer work?
How do you envision your health progressing during the aging process? Anything in particular that could curtail activities?
Do you expect to remain in your current home and age in place, or downsize, or change location?
Do you expect to live independently if your spouse/partner/companion predeceases you?