Today people are living longer due, in part, to healthcare improvements. While the extension of life has increased, the quality may be at risk for some of us. Did you know there were 6.2 million Americans over 65 living with Alzheimer’s in 2021 (Alzheimer’s Foundation, 2022)? It is anticipated that with the increasing number of people living longer, this disease may steadily rise for years to come. With this in mind, many families will be faced with this destructive disease. Alzheimer’s creates tremendous financial burdens on families and our economy. Family members and other unpaid caregivers also need support for the mental and physical toll it takes on their lives. Everyone can do their part to help friends, neighbors, and the community by donating to the Alzheimer’s Foundation.
Recently, on Saturday, September 24, 2022, our Client Service Manager Christine and her daughter Casey joined in the “2022 Walk to End Alzheimer’s” for the Rhode Island Chapter at Misquamicut Beach in Westerly. According to the Alzheimer’s Foundation website, this event had 161 participants who raised $56,542 for research. Now, more than ever, preparing for possible challenges like Alzheimer’s and other diseases is essential.
The health care costs, long-term care or hospice, are substantial. Much of the services for Alzheimer’s care are out of pocket for families and individuals. At Strategic Financial Services, we plant the seeds for open communication with our clients and their families. We can actively help you to navigate resources for support. We don’t just help you invest your money; we are here to guide you as you plan for your future care and legal needs. Advanced directives are essential to ensure end-of-life wishes are understood and carried out; two helpful directives are a living will and a durable power of attorney for health care. A financial power of attorney is pertinent to have should you not be able to manage your finances someday. We can help you coordinate your financial, insurance, and legal matters with your family.
RI-Rhode Island. (2021). Alzheimer’s Disease and Dementia. Alzheimer’s Association.
Alzheimer’s Association. (n.d.). 2022 Walk to End Alzheimer’s - Westerly, RI. Retrieved September 27, 2022.