Resources

Resources

What’s Your Plan? If You’re a Caregiver, You Need One

 

By Jeanne Hoban

Caregiving for an older adult can be overwhelming. There are a lot of decisions to make and services to navigate – and it’s difficult to know where to start.

If you enter caregiving armed with a solid plan, while there may detours along the way, you can navigate the challenges more easily and with less stress.

Plan Ahead

It’s never too early to start developing a plan for future care needs. You don’t want to wait until an emergency situation arises to begin making what could be life-and-death decisions. And you want to make sure that the care plan honors your loved one’s values and preferences. If your loved one was incapacitated in an emergency and you needed to make decisions for them, do you know what they would want? Do you know who they would want to help?

Researchers at Benjamin Rose Institute on Aging identified five core values for care that most people find important: independence, safety, not being a burden, activities with family or friends, and having a say in who helps out. Have discussions with your older adult loved ones to find out what is most important to them. It’s not always easy to have those conversations, but it is important for understanding your loved ones’ preferences and values. It also helps take some of the burden off of you and gives you permission to ask for help later – something caregivers often struggle to do.

Focus on Manageable Tasks

If you are the person providing the most care for your older loved one, you are probably making the majority of decisions related to health, medical care, finances, housing, social engagement, recreation, nutrition… the list goes on.

If you try to focus on all of that at once, it might seem impossible to accomplish anything.

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Financial Seasons: What’s Yours?

By Danny Smith

 

Remember back in the 1960s when folk rock was big? One of my favorite tunes from that era is Pete Seeger’s “Turn! Turn! Turn!”  He was inspired to write it after reading passages from the Old Testament.

According to Pete, he came up with the melody in about 15 minutes, then added the slightly altered biblical words and recorded it. The rest is history. The Byrds covered Seeger’s version, making it the group’s second number one hit. (“Mr. Tambourine Man” was their first.)

The tune lyrically speaks to the fact that to everything there is a season. I believe that life’s lessons prove those words to be true. I further believe that when it comes to planning for a successful retirement, there is a time to take risk and a time to take risk off the table.

What do You Need, What’s Guaranteed?

When people engage me as their advisor, after helping them estimate how much income they will need to retire, one of the first questions I ask is, “How much of that income do you want guaranteed?” The answer is usually, “Well, all of it, or as much as we possibly can.”  

One way to do this is to allocate a portion of your retirement assets to a certain type of annuity contract called a Single Premium Immediate Annuity, or SPIA for short. SPIAs are issued by insurance companies and are designed for people with a guaranteed income objective for a certain number of years or for the remainder of their life, or joint-lives in the case of couples.

Some SPIAs have an inflation option that increases the annual payout every year. With this option, payments in the early years of the SPIA will be less than they would have been without the inflation option, but go up every year over the selected payout period.

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Senior Issues: Prepare for the Unexpected

 

By  Liz Pencak

When it comes to finances, most people feel a sense of accomplishment when their income exceeds their expenses and their checkbook balances. In fact, most of us follow similar daily paths: work, play, pay.

We work hard for our money, save money when possible and research our options before making major purchases. What happens when our typical routine suddenly takes on a very different path? Have we looked far enough ahead to be prepared for the detour? Do we know what options are available and what to expect?

Preparation Counts

Let’s face it, there are many variables that come into play when planning for the future. Some of these variables may be planned, like buying a home, getting married, having children or paying for college. Others may be unforeseeable, like losing your job, sudden medical expenses or becoming a caregiver for a loved one. Whether planned or not, one thing is certain: each detour will impact our pocketbooks and may change final outcomes.

Statistics show that only about 50% of Americans are planning for the future, have a retirement income plan, or have an emergency fund set aside for the unexpected. Some will say their income prevents them from planning ahead. Or, they may feel prepared having already experienced an unexpected detour and prevailed. Regardless of the excuse, Americans need to take an active role in preparing for their personal future. After all, no one will ever have more of a vested interest in you than you will.

Beyond healthcare service options, you also need a solid understanding of how financial decisions today impact healthcare needs tomorrow. The complexity of the healthcare system, coupled with the ever-changing rules and regulations imposed by governmental agencies, requires the need to keep yourself educated.

For many people, Medicaid will become their primary source of income/payment as they age.

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Senior Living News March-April 2019

Under Construction

The Montrose area near state Route 18 and Interstate 77 is the site of a new senior living complex now under construction by Omni Senior Living.

The continuum care facility in Copley Township will include independent living, assisted living and memory care apartments, along with independent living villas.

The VITALIA Senior Residences of Montrose will open later this summer.

 

New Logo and Website

Ohio Masonic Home, a non-profit, 55-plus living community and healthcare provider that owns and operates three campuses in Ohio, including one in Medina, has refreshed its corporate branding with a new logo and the launch of its newly designed website, ohiomasonichome.org

 

Originally founded by the Masonic Fraternity to care for Ohio Masons, their families and children, Ohio Masonic Home evolved over time into a senior living provider. While still serving Ohio Freemasons and their families, Ohio Masonic Home, and its subsidiaries, opened its doors to the public over 20 years ago.

 

Learn More

 

Hilltop Senior Living in Euclid has started College Course Fridays by joining Cuyahoga Community College’s Encore 55 program. Every Friday, residents can take as many courses as they choose from 9 a.m-3 p.m. Encore 55 is available to others, too. Check it out at tri-c.edu.

 

Hispanic Senior Help

Catholic Charities through the Diocese of Cleveland operates the Hispanic Senior Center at St. Augustine Towers, 7800 Detroit Ave. The program is free and open Monday-Friday from 8 a.m.-4:40 p.m. The Hispanic Senior Center serves seniors in the Greater Cleveland area with an emphasis on the culture and linguistic needs of the older adults of the Hispanic community.

Funding is provided in part by the City of Cleveland Community Development Block Grant, Community West Foundation, Western Reserve Area Agency on Aging, and Catholic Charities donors. To learn more, go to ccdocle.org.

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Orion Bell Named President and CEO of Benjamin Rose Institute on Aging

The Board of Directors of Benjamin Rose Institute on Aging has named Orion H. Bell IV as President and CEO of the 110-year-old Cleveland-based nonprofit organization. Bell, who will join Benjamin Rose April 22, 2019, was selected through a national search facilitated by Waverly Partners.

Bell comes to Benjamin Rose from CICOA Aging & In-Home Solutions, Indiana’s largest Area Agency on Aging, where he served as President and CEO, overseeing a staff of 240 and an operating budget of $27 million.

“We are happy to welcome Orion Bell to Cleveland and look forward to working with him on leading Benjamin Rose as we continue to grow in our second century,” said Board Chairperson Cynthia H. Dunn.“He brings a breadth of experience in nonprofit management and aging services to Benjamin Rose and understands the challenges and opportunities in the field of aging.”

“I am honored and grateful to the Board for this opportunity to serve the Benjamin Rose Institute on Aging and its mission to advance support for older adults and caregivers,” said Bell. “We will continue to build on the existing foundation of excellence and innovation to address the challenges before an aging population and to promote better care and better health outcomes for a diverse population.”

Bell has more than 25 years of leadership experience in not-for-profit management. During his tenure at CICOA, the organization grew to have an annual economic impact of more than $100 million through services, grants and vendor payments. CICOA’s care managed population grew from 2,753 to 8,528, and the organization achieved accreditation for its Flourish care management service.

In addition to CICOA, before joining Benjamin Rose, Bell served the American Red Cross in a variety of capacities including the Director of Chapter Operations Support for the Great Lakes Service Area; CEO of the Fort Worth, TX, chapter; Executive Director of the Topeka, KS, chapter; and Assistant General Manager of the Louisville, KY, chapter.

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Westlake Rain and Garden Show Offers Education and Fun with a Watershed Focus

We've got a lot of water in Northeast Ohio; keeping it clean is a big job - one that all of us should learn more about. Stop in at the Rain and Garden Show in Westlake to learn more about keeping our watersheds clean. importance of keeping our waterways clean and sustainable. All stormwater flows directly into Lake Erie untreated. ...
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Cleveland History Center Planning New Exhibits for Women’s Suffrage Anniversary

Western Reserve Historical Society (WRHS) has announced plans to mark the 100th anniversary of women’s suffrage and the 100thanniversary of the League of Women Voters of Greater Cleveland with a new permanent exhibit at the Cleveland History Center in University Circle.
Presented by WRHS in collaboration with the League of Women Voters of Greater Cleveland, Women and the Struggle for Political Power will trace the story of women in politics, exploring the early days of the suffragette movement, the successful fight for the 19th Amendment, the birth and growth of the League of Women Voters as a force for clean government and the election of northern Ohio women to positions of power on the local, state and national levels. The exhibit will open in 2020. WRHS will also serve as the Regional Coordinator for the State of Ohio Women Suffrage Centennial organized by the Ohio History Connection, the historical society for the State of Ohio.
The experiences and contributions of women, African Americans, and immigrants are a focus of the Cleveland History Center, and are core to the Empowerment theme that defines and unifies the experience. Women and the Struggle for Political Powercontinues the transformation of the Cleveland History Center that began in 2013 with the renovation of the Crawford Auto Aviation Museum and the opening of the Euclid Beach Park Grand Carousel in 2014. In 2017, WRHS celebrated its 150th anniversary with the grand opening of Cleveland Starts Here®, a permanent exhibit about Cleveland sponsored by the Jack, Joseph and Morton Mandel Foundation.
In 2019, WRHS explores aspects of our history that, in the past, have not received the attention they should command.
Currently, an exhibit about the life and work of the Reverend E. T. Caviness: Church, Community, Cleveland (open now through August 2019) and the permanent exhibit “Carl & Louis Stokes Making History” examine the political and social achievements of three great leaders in the African American community. 
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What a Good Long-Term Care Insurance Policy Should Include

We get it; long-term care insurance isn't easy to understand and not always appreciated. But financial experts say we need to consider purchasing a policy when we reach our 50s. Here's a great summary of what to consider if you're in the market for this type of insurance. ...
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