Beatitudes Community

Money Matters

Ever wonder how all the pieces of your financial puzzle fit together? Join us Friday, March 22nd at 1:00PM in the Agelink Great Room (AGR) for an informational panel to address the financial questions that are most relevant to residents.

Our panel features professionals on issues large and small that impact our daily lives and our long-term well-being. Panel members include Allen Bloch, Chief Financial Officer of Beatitudes Campus; Ellen Dean, Financial Planner; Laurel Hickok, CPA and Daily Money Manager; and Megan Selvey, Bivens and Associates Elder Law Attorney.

While money is important to us at any age, can become even more so as we grow older. Demographic changes mean we are longer after retirement, and funding those decades of longer life can be a challenge. Social Security is the primary source of income for many older adults, and about one-third of retired people rely on Social Security for over 90 percent of their income.

Additionally, questions about costs, money management, and frauds and scams have become part of our daily conversations. Concerns about escalating health costs can also cause us to worry, which, incidentally, can negatively impact our health.

The format of our panel will include a brief self-introduction by panelists, to be followed with moderated questions that address central themes, and will conclude with questions from the audience.

Topics of interest will include:

Money and family: “How do I know if it is still ok to give money to my adult children? Should I add them to my bank account? Should I co-sign a loan?” 

Personal finance: “I expect to live twenty more years, but my money only expects to live about five more years. What is available to help people like me?” “Should I keep my life insurance policy?”

Long Term Care: “Why does my long-term care insurance premium keep going up? Are there ways to lower the premium without losing benefits? How do people afford higher levels of care on Campus?”

Legal issues: “Do I need a will even if I am not wealthy?” “I'm confused about what a durable power of attorney means. Should I have one?” “Should I file for bankruptcy?”

Our panel is brought to you by the Health and Wellness and Success Matters. We hope you can join us on Friday, March 22nd, at 1:00PM in the Agelink Great Room.

 

Author Info: Beatitudes Campus Verified Administrator
At the foundation of Beatitudes Campus is the vision of Church of the Beatitudes pastors and congregation members to create a better alternative for older adults than the homes of the early 1960s. The type of community they imagined was the first of its kind in Arizona. Beatitudes Campus is proud to continue the legacy of our founders, by being a leader in the field of aging services for over 50 years.

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